Amid a general downturn in the cryptocurrency market, meme coins have experienced notable losses over the past week. Dogecoin and shiba inu declined by 13.9% to 15.6% respectively in the last seven days, while presidential meme coins such as TRUMP and BODEN also suffered substantial double-digit losses. Meme Coin Economy Stumbles Under Billion This […]
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Meme Coin Market Rises 4.6% With Presidential Meme Token BODEN Leading the Pack
With bitcoin exceeding ,000 on Wednesday, the leading meme coins experienced notable increases over the last 24 hours. Shiba inu (SHIB) advanced 7.7% in the past day, while dogecoin (DOGE) rose 2.1%. Among the top five meme coins by market capitalization, floki (FLOKI) saw a 21.2% increase over the past day. However, BODEN emerged as […]
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‘Jeo Boden’ Meme Coin Soars 20% After Trump Diss – Details
The memecoin “Jeo Boden” has taken the crypto world by storm, riding on the back of a lukewarm comment from former US President Donald Trump. The whimsical cryptocurrency, a playful misspelling of President Joe Biden’s name, experienced a huge increase after Trump mentioned it at an NFT event in Florida.
What was once a subject of amusement has now become a serious investment, as Boden surged 20% following Trump’s offhand remark.
Trump Rally Or Fleeting Frenzy? Analysts Divided
The cryptocurrency community has been divided over the impact of Trump’s mention of Boden. Some analysts, such as Samantha Wilkins, believe that any mention from a prominent figure like Trump is positive for the memecoin. They contend that Boden has shown to be a tenacious and astute investment, and that the excitement around it has only grown as a result of Trump’s remark.
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
However, some experts remain skeptical. They caution that Boden’s value is built on hype rather than utility, making it susceptible to swift market shifts. A single negative tweet from Trump or a change in market sentiment could cause Boden to come crashing down as quickly as it rose.
Will Trump Re-Boden The Market?
Adding another layer of intrigue to the Boden saga, the prediction platform Polymarket has created a contract speculating on the likelihood of Trump mentioning the memecoin again before July. Currently, the contract’s “yes” shares are trading at .05, indicating an 11% chance that Trump will utter the word “Boden” in the coming months.
This unique situation presents an unusual scenario where the value of a memecoin hinges on the whims of a former president. If Trump revisits Boden in a future speech or tweet, it could trigger another surge in price.
However, if he remains silent, the current hype surrounding Boden may fizzle out, leaving investors holding a depreciating digital punchline.
Boden: A Gamble On Speculation
The rise of Boden serves as a cautionary tale for memecoin enthusiasts. While these tokens can offer explosive returns, their value is often tied to fleeting trends and external factors beyond their control. With the enigmatic Trump as a wildcard influence, the future of Boden remains uncertain.
Investors eagerly await the next chapter in this bizarre crypto story, as the saga of Boden continues to unfold. It is a gamble on speculation, where the coin’s value dances on the edge of uncertainty. The Boden phenomenon highlights the unpredictable nature of memecoins and the risks associated with investing in such volatile assets.
Featured image from Reddit, chart from TradingView
Crypto Presidential Rally: TRUMP Soars 36.2% And Flips BODEN
In a year full of global elections, the crypto industry remains expectant and critical of every candidate’s stance on cryptocurrencies. The US presidential elections could pose a turning point for regulations and adoption that could affect the industry worldwide.
On Wednesday, Donald Trump, former US president and Republican candidate, stated his support for the industry and criticized Biden’s administration for its stance on digital assets. MAGA (TRUMP), the Trump-inspired memecoin, saw its price skyrocket 63% in the following hours.
Trump’s Stance On Crypto
The Republican candidate held a gathering on Wednesday at his Mar-a-Lago resort in Palm Beach, Florida. Holders of NFTs bearing Trump’s name and likeness attended the Trump Cards NFT Gala.
During this event, the former US president strongly criticized Biden’s administration and its hostility towards the sector. He revealed he is “fine” with crypto and wants to make it a “solid” industry.
Trump claimed he’s the best option for those who are in favor of cryptocurrencies:
(…) I’m fine with it. I want to make sure it’s good and solid and everything else. But I’m good with it. And if you want, if you like crypto in any form, and it comes in a lot of different forms, if you’re in favor of crypto, you better vote for me.
Moreover, the Republican candidate asserted that “crypto is moving out of the US because of the hostility towards it,” something he alleges he doesn’t want to continue and promises to stop.
i asked donald trump how he’s going to keep crypto businesses in america.
sounds bullish
pic.twitter.com/rvuztPmQ8P
— Malcolm (33.3%) (@macdegods) May 9, 2024
When asked what he would do to stop the exodus of digital asset businesses, he stated that to embrace them, they would have to let them be in the country. To achieve this, the candidate promised a more welcoming regulatory framework for crypto.
As part of his jab at the current administration, Trump mimicked US President Joe Biden, claiming he would be clueless if asked about cryptocurrencies. He further added, “The Democrats are very much against it.”
TRUMP Flips BODEN As Price Soars
After Trump’s declarations, two memecoins inspired by the politicians saw a price reaction. Jeo Boden (BODEN) soared 23.5% in the following hour, going from .34 to .42.
Since then, the price has retraced to hover between the .35-.36 range. BODEN is trading at .3492, representing a 15.1% increase in the last 24 hours.
The token’s daily trading volume also saw a significant 35.7% surge, with over million traded in the past day. Despite benefiting from the Republican candidate’s jab at its inspiration, BODEN Still displays red numbers in the longer timeframes, with a 29.9% and 59.8% weekly and monthly decrease.
BREAKING: $TRUMP (@MAGAMemecoin) FLIPS $BODEN (@boden4pres) IN MARKET CAP pic.twitter.com/eCTwux4ZC9
— DEGEN NEWS
(@DegenerateNews) May 9, 2024
As a result, TRUMP’s 2 million market capitalization flipped BODEN’s 9 million. The Trump-inspired token became the 14th largest memecoin by market capitalization, per CoinGecko data.
Moreover, TRUMP seemingly won this round with crypto investors, which rallied 63% after Trump’s statement. The token surged from .2 to .1 in the following hours before retracing to the .3 level.
TRUMP trades at .43 at the time of writing, representing a 36.2% increase in the last 24 hours.
TRUMP and BODEN Coins Soar Following Trump’s Crypto Endorsement and Critique of Biden
Following the recent crypto endorsement by former U.S. President Donald Trump, and his criticism of current President Joe Biden, the value of the two meme coins linked to these political figures — TRUMP and BODEN — have significantly increased over the past day. TRUMP Coin Jumps 35%, BODEN Up 16% After Trump’s Crypto Advocacy At […]
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After WIF, BONK, BODEN: Top Crypto Trader Now Buys These 2 Memecoins
Memecoins are once making waves in the crypto market. In the last 24 hours, 4 of the 10 best-performing cryptocurrencies in the top 100 are meme coins. The biggest gainers include BONK (+10.2%), PEPE (+4.8%), WIF (+4.7%) and FLOKI (+4.1%). With meme coins slowly regaining, crypto traders are seemingly focusing on lesser-known coins.
Top Crypto Trader Focuses On These 2 Memecoins
According to data from on-chain analysis service Lookonchain, the renowned crypto trader known as “paulo.sol” has been making significant moves into new memecoin territories. Paulo.sol, who has previously amassed substantial profits from meme coins like BONK, WIF, and BODEN, is now shifting his focus to acquiring significant stakes in PUPS and POPCAT.
What a legend!
paulo.sol has realized profits of .51M on $WIF, .04M on $boden and .28M on $BONK.
1/ Let's dig into his trades to see what he's buying.
pic.twitter.com/2axUwHb3el
— Lookonchain (@lookonchain) April 26, 2024
Lookonchain’s recent posts on X (formerly Twitter) provide a deep dive into paulo.sol’s past and present investment patterns. “What a legend! Paulo.sol has realized profits of .51M on WIF, .04M on BODEN, and .28M on BONK,” Lookonchain tweeted. In total, the crypto trader has made million in realized profits.
The posts further reveal that paulo.sol bought into BONK early in November 2023, capturing substantial gains as its value surged. “As early as Nov 11, 2023, paulo.sol noticed the rising of BONK and bought BONK. He made ~.28M by buying BONK at low prices and selling at high,” the data provider stated.
The crypto trader continued his strategy by investing in WIF and BODEN in December 2023 and March 2024, respectively, following their sharp price increases. Notably, “paulo.sol did not buy WIF and BODEN when they first went online, but paid attention to and bought heavily when they first rose sharply,” Lookonchain observes.
As of now, paulo.sol continues to hold 12.87 million BODEN tokens valued at approximately .6 million and 1.87 million WIF tokens worth around .7 million. However, his most recent activities show a pivot towards new meme coins, PUPS and POPCAT, sparking interest among investors and analysts alike.
Lookonchain noted, “We noticed that paulo.sol is buying PUPS and POPCAT recently. He spent .77M to buy 4.3M POPCAT at .42 today. And he has spent .97M to buy 101,712 PUPS at since Apr 11, becoming the largest holder of PUPS on Solana.”
The impact of paulo.sol’s investment has been palpable in the market dynamics of the newly favored meme coins. Despite a general downturn in the memecoin sector, POPCAT’s price surged by 52% today, trading at approximately .51 with a trading volume increase of 51% to 6 million. Over the past nine days, POPCAT has risen a whopping 410%.
On the other hand, PUPS is seeing a price drop of 4.2% today, trading at .96, with a 27% fall in trading volume to .82 million. Since reaching an all-time high above 2 on April 14 (on Coinex), the PUPS price is down more than 78%.
Election Fever Hits Cryptocurrency: TRUMP and BODEN Tokens Surge
As the 2024 US presidential election approaches, memecoins named after Donald Trump (TRUMP) and Joe Biden (BODEN) are experiencing significant fluctuations, reflecting their popularity and potential as prediction markets. The Trump-inspired TRUMP token has recorded a notable increase of 242.9% in a month and 17.9% in a week, while the Biden-inspired BODEN token surged by […]
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Solana’s BODEN Token, Nodding to Joe Biden, Sees Major Uptick After TRUMP Coin Rally
The digital asset known as maga (TRUMP) has experienced significant appreciation, while a newer cryptocurrency, jeo (BODEN), has seen its value skyrocket by 1,597%, as per data from coinmarketcap.com. In the last 24 hours alone, BODEN has witnessed trading volume amounting to .50 million on decentralized exchange platforms such as Raydium and Orca. Biden-Inspired BODEN […]
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