Connect with us

Hi, what are you looking for?

Editor's Pick

Trump Mocks ‘Boden’ Memecoin’s $240M Market Cap, BODEN Token Surges 25%

2024 US Presidential hopeful Donald Trump isn’t much interested in “Jeo Boden (BODEN)” memecoin, a joke crypto token mimicking the current President Joe Biden.

Former President Trump, answering to his fan questions, mocked the memecoin after hearing that the token reached $240 million market-cap.

“That’s a lot of money for a coin, I don’t like that investment,” he noted.

Trump Speaks on $BODEN at NFT Event

“That’s a Lotta Money for a Coin, I Don’t Like That Investment”

Audio Source: @realDannyNelson pic.twitter.com/8NcpuCc6ZI

— db (@tier10k) May 9, 2024

His remarks came during a special Trump NFT event for holders held at his Mar-a-Lago resort in Florida on Wednesday.

Last month, Solana-based memecoins representing caricatures of Biden and Trump, posted massive gains, according to blockchain data from DexScreener.

Crypto tokens referring to a misspelling of both the candidates – “Jeo Boden” and “Doland Tremp” – went head-to-head with trading. At a point, “Jeo Boden” and “Doland Tremp” saw market capitalization of $473 million and $83 million, respectively.

Memecoins have received popularity on the Solana blockchain in recent times, thanks to its speed and low transaction costs. SOL-based memecoins have a combined market capitalization of $7.31 billion at press time, per CoinGecko data.

The embattled former leader is also open to crypto donations for campaign. When asked by the mob, “Can we donate using crypto?” Trump noted, “If you can’t, I’ll make sure you can.”

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) May 9, 2024

Boden memecoin Jumps 25%

Following Trump’s remarks, Boden memecoin saw a 25% raise in its price on Wednesday. After peaking $0.43, the price quickly fell to $0.366. The token is still up 15% and is trading at the same price at the time of writing.

As their names suggests, memecoins are crypto tokens inspired by internet memes and jokes, along with public figures. These tokens mainly get value from linking with events of popular people. These coins are also highly volatile and tend to rapidly lose value after its launch.

Recently, a trader pseudonymous to Crypto Dog predicted that the memecoin Jeo Boden is on the cusp of breaking out after a period of consolidation. The memecoin has witnessed a remarkable twenty-fold surge since the beginning of March.

The post Trump Mocks ‘Boden’ Memecoin’s $240M Market Cap, BODEN Token Surges 25% appeared first on Cryptonews.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

You May Also Like

Stock

Boeing’s spaceflight program may reach a significant milestone Monday night with the launch of its Starliner spacecraft, carrying — at long last — two...

Investing

Arcade chain Dave and Buster’s plan to allow customer betting isn’t winning over everyone. Software company Lucra Sports announced on Tuesday that it was working with...

Top News

It appears increasingly possible that Donald Trump could face actual jail time before we ever get a verdict in any of his four criminal...

Stock

A 17-year-old boy handed himself in to police after admitting that he attacked a German politician on Friday. Police say that Matthias Ecke, the...

Disclaimer: InvestorsOnRetire.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 InvestorsOnRetire. All Rights Reserved.