A photo of U.S. President Joe Biden briefly wearing a hat emblazoned with “Trump 2024” circulated rapidly online this Wednesday, sparking widespread reactions. The image, which appeared authentic and not AI-generated, was particularly celebrated by supporters of former President Donald Trump. Comments like “Has Biden joined the MAGA movement?” and “This is the best decision he’s ever made!” quickly made the rounds, becoming a trending topic of the day.
President Biden briefly dons Trump hat
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In response, the White House promptly addressed the situation. According to spokesperson Andrew Bates, the event did indeed occur but was motivated by a desire to promote national unity, akin to what the country experienced after the 9/11 attacks.
Bates explained that during a visit to the Shanksville Fire Station, President Biden spoke about the bipartisan solidarity seen in America following the 9/11 tragedy. To symbolise this, Biden gifted a hat to a Trump supporter present at the event. The supporter then suggested that, in the same spirit of unity, Biden should try on his “Trump 2024” hat. Biden briefly wore the hat, intending to convey a message of togetherness.
While the incident sparked widespread online chatter, the focus soon returned to the ongoing U.S. presidential election. Most international media outlets have observed that in the recent face-off between Trump and Kamala Harris, the latter appears to have the upper hand. According to Polymarket, a prediction market, Trump’s chances of winning stand at 49%, slightly trailing Harris, who is at 50%.
In financial markets, Trump Media, the media group owned by Trump, saw its stock plunge by 10.47%, closing at $16.68. Over the past month, the stock has fallen by 32.96%, reflecting a weakening performance.
Read more: Kamala Harris' Odds Surge on Polymarket Following Debate with Trump
The fallout didn’t stop with the stock market. Meme coins associated with Trump also suffered significant declines:
While the intent behind Biden’s actions was to promote national unity, the incident has led to varied interpretations and market reactions, highlighting the complexities of political symbolism in the current climate.
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