Trump Mocks ‘Boden’ Memecoin’s $240M Market Cap, BODEN Token Surges 25%
Trump Mocks ‘Boden’ Memecoin’s $240M Market Cap, BODEN Token Surges 25%
2024 US Presidential hopeful Donald Trump isn’t noteworthy drawn to “Jeo Boden (BODEN)” memecoin, a joke crypto token mimicking the fresh President Joe Biden.
Old President Trump, answering to his fan questions, mocked the memecoin after listening to that the token reached $240 million market-cap.
“That’s a complete lot of money for a coin, I don’t like that funding,” he successfully-known.
Trump Speaks on $BODEN at NFT Match
“That's a Lotta Money for a Coin, I Don't Esteem That Funding”
Audio Supply: @realDannyNelson pic.twitter.com/8NcpuCc6ZI
— db (@tier10k) Could presumably unbiased 9, 2024
His remarks came all the intention in which by a explain Trump NFT event for holders held at his Mar-a-Lago resort in Florida on Wednesday.
Final month, Solana-primarily primarily based memecoins representing caricatures of Biden and Trump, posted large beneficial properties, in accordance with blockchain records from DexScreener.
Crypto tokens referring to a misspelling of every the candidates – “Jeo Boden” and “Doland Tremp” – went head-to-head with shopping and selling. At a level, “Jeo Boden” and “Doland Tremp” noticed market capitalization of $473 million and $83 million, respectively.
Memecoins contain bought popularity on the Solana blockchain in latest instances, resulting from its speed and low transaction prices. SOL-primarily primarily based memecoins contain a mixed market capitalization of $7.31 billion at press time, per CoinGecko records.
The embattled inclined leader is also commence to crypto donations for marketing campaign. When asked by the mob, “Will we donate the utilization of crypto?” Trump successfully-known, “In the event you furthermore would possibly can’t, I’ll make slip that you just would perchance well well presumably be also.”
BREAKING: DONALD TRUMP ASKED “CAN WE DONATE USING CRYPTO?”
“IF YOU CANT, I’LL MAKE SURE YOU CAN” pic.twitter.com/Nm2YjqxwSI
— Frank (33.3%) (@frankdegods) Could presumably unbiased 9, 2024
Boden memecoin Jumps 25%
Following Trump’s remarks, Boden memecoin noticed a 25% lift in its ticket on Wednesday. After peaking $0.43, the worth like a flash fell to $0.366. The token is tranquil up 15% and is shopping and selling at the identical ticket at the time of writing.
As their names suggests, memecoins are crypto tokens impressed by recordsdata superhighway memes and jokes, along with public figures. These tokens mainly salvage worth from linking with events of approved folks. These coins are also extremely unstable and are inclined to all straight away lose worth after its open.
Only in the near past, a trader pseudonymous to Crypto Dog predicted that the memecoin Jeo Boden is on the cusp of breaking out after a length of consolidation. The memecoin has witnessed a remarkable twenty-fold surge for the reason that foundation of March.
Source : cryptonews.com
