The US political-themed Meme (meme) coin market has suffered a major setback, with market capitalization down more than 13% in the past 24 hours. In contrast, Bitcoin is down about 4% and Ethereum is down 5.4%. FreeTrump Token (TRUMP) led the decline, down 45%; MAGA (TRUMP), the largest by market capitalization, fell 13%. A federal jury in the United States found Hunter Biden guilty on three federal felony gun charges, the first conviction of a son of sitting President Joe Biden. Hunter Boden tokens (HUNTERBODEN) on Solana rose more than 30% to 0.001514 dollars in 24 hours after the announcement. Jeo Boden (BODEN) fell 5.5% to 0.1855 dollars. Stocks are also under selling pressure as they await the monthly consumer price index report and the Federal Reserve's monetary policy announcement. Expectations of a rate cut by the Federal Reserve have waned in recent weeks.