After Trump's conviction, Biden's son was also sentenced for drug possession and gun charges, causing the meme coin BIDEN to drop by nearly 40%.

On 6/12, Hunter Biden, the son of U.S. President Biden, was convicted of gun-related crimes. The Biden family faced turmoil during the election, but Biden stated that he would respect the jury's decision.

Hunter Biden Found Guilty of Drug and Gun Charges

54-year-old Hunter Biden has been convicted by a jury of falsely representing his drug use on a form when purchasing a handgun in 2018. At the time of buying the firearm, Hunter was using crack cocaine. Testimonies from his ex-wife and ex-girlfriend revealed his frequent drug use, causing strain on his family and friends.

This marks the first time a sitting president's child has faced criminal charges. Hunter Biden could potentially face jail time, which could have significant implications for Biden's reelection campaign in November.

However, Biden is not alone in legal scrutiny. Former President Trump recently faced 34 felony counts of falsifying business records related to hush money payments made by his former personal lawyer to adult film star Stormy Daniels before the 2016 presidential election.

Historic for a U.S. President! Former President Trump Found Guilty on 34 Counts of Hush Money Charges, Sentencing Collides with Nomination

Hunter Biden is set to be sentenced within the next 120 days, with the specific date yet to be determined. He faces up to 25 years in prison.

Biden Offers Support

Biden stated, "As I said last week, I am the President, but I'm also a father. We are very proud of him today. Many families who have loved ones struggling with addiction understand the feeling of seeing their loved ones overcome challenges." Biden expressed that he will respect the jury's decision and offer support to Hunter.

Republicans Call for Accountability

The verdict immediately sparked political reactions, with the Republican Chair of the House Oversight Committee urging further investigation into corruption issues surrounding the Biden family, while Democrats accused Republicans of hypocrisy.

Presidential Candidate Meme Coins: Trump Still Leading

In the world of meme coins based on presidential candidates, Trump's MAGA coin has outperformed BIDEN in terms of market value and price performance. BIDEN even experienced a nearly 40% drop in value within seven days.