The U.S. political landscape saw tectonic shifts as incumbent Joe Biden dropped out of the 2024 presidential contest against his arch-rival Donald Trump. What Happened: This major development injected fresh volatility in coins themed on former President Trump, who is viewed as a pro-cryptocurrency candidate by some. Maga Coin, rooted in Trump’s “Make America Great Again” movement, plunged 8% in the last 24 hours. The Ethereum (CRYTO: ETH)-based token’s trading volume soared 140% to $19 million in the last 24 hours, signaling frantic sell-offs. The negative reaction could have to do with Biden’…