Memecoin

TRUMP

Biden

dogwifhat

The memecoin frenzy has struck again, and this time it’s centered around the likeness of US President Joe Biden. BODEN, a token named after the president, has experienced – at one point – a mind-boggling surge in value, skyrocketing by a jaw-dropping 5,000%, according to CoinMarketCap. 
BODEN’s meteoric rise is just one example of the wider trend of meme coins seeking to capitalize on the popularity of prominent figures, be they politicians or celebrities. These tokens aim to attract investors seeking quick profits by leveraging the fame of their namesakes. 
<h2 id="strong-memecoin-fever-boden-makes-big-noise-strong">Memecoin Fever: BODEN Makes Big Noise</h2> 
Trading data from CoinMarketCap reveals that<a href="https://coinmarketcap.com/dexscan/solana/6UYbX1x8YUcFj8YstPYiZByG7uQzAq2s46ZWphUMkjg5/" target="_blank" rel="noopener nofollow"> BODEN,</a> a Solana-based meme coin, has seen an astronomical rise of over 2,400% within the last 24 hours, marking a milestone in the crypto world. With a trading price of approximately $0.018, this quirky digital asset has amassed a staggering market volume of $24 million in a mere day. 
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-596694" src="https://www.newsbtc.com/wp-content/uploads/2024/03/a_d53a70.png?resize=821%2C508" alt="" width="821" height="508" srcset="https://www.newsbtc.com/wp-content/uploads/2024/03/a_d53a70.png?resize=821%2C508?w=821 821w, https://www.newsbtc.com/wp-content/uploads/2024/03/a_d53a70.png?resize=821%2C508?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/03/a_d53a70.png?resize=821%2C508?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/03/a_d53a70.png?resize=821%2C508?w=750 750w" sizes="(max-width: 821px) 100vw, 821px" data-recalc-dims="1"> 
The surge in BODEN’s value has ushered in a new wave of meme coins, as developers seize the opportunity to capitalize on the hype and allure investors seeking swift gains. 
<h2 id="strong-trump-memecoin-also-in-the-spotlight-strong">Trump Memecoin Also In The Spotlight</h2> 
Meanwhile, the <a href="https://invezz.com/news/2024/03/06/strump-and-boden-lead-biden-and-trump-themed-meme-coins-frenzy-on-solana/" rel="nofollow">cryptocurrency TRUMP,</a> associated with Donald Trump, recently dropped to $8.08, although it still maintains a considerably higher value compared to its year-end price. Despite not being directly linked to politicians, Trump had previously received over 579,000 TRUMP tokens from the project team. 
<img loading="lazy" decoding="async" class="aligncenter size-full" src="https://www.tradingview.com/x/suNgBbXE/" width="2475" height="1163"> 
The asset experienced a significant surge in January 2024, reaching a value of $4 million in Trump’s wallet, compared to trading between $0.01 and $0.08 in November 2023. The price increase is attributed to political victories by both Biden and Trump during the Super Tuesday contests, with Trump winning in 14 out of 15 states as the Republican candidate. BODEN Flexes Muscles 
However, BODEN has taken center stage this week, surpassing even the beloved Dogecoin (DOGE), the pioneer meme coin on Solana. BODEN’s performance has even outshined dogwifhat (WIF) and Bonk’s BONK, solidifying its dominance in the meme coin realm. 
Amidst the meme coin frenzy, let’s not forget the reigning king of the crypto world—Bitcoin (BTC). The leading digital currency experienced a fleeting moment of glory as it soared to a new all-time high of $69,300, a record not seen since 2021. However, the excitement was short-lived as BTC quickly retracted to as low as $60,000, causing a billion-dollar wipeout in the market. 
Featured image from AFP; Getty Images, chart from TradingView

Super Tuesday Crypto Craze: Biden-Related Memecoin Stuns Markets With 5,000% Surge

Table of Contents

NewsBTC

Other articles published on Mar 7, 2024

Zama Raises $73M for Advancing Cryptography Technology

Dogecoin (DOGE) & Binance Coin (BNB) Ride Kelexo (KLXO) Wave: Predicted 25X Gains as Solana (SOL)...

Experts Bullish Ahead of the Ethereum Dencun Upgrade, Demand for TRON and KangaMoon Peaks

Giant Asset Company Makes a Hard-to-Believe Year-End Price Prediction for Ethereum

Optimism Price Prediction for Today, March 7 – OP Technical Analysis

SAP Sees Cloud Revenue Growth Hinging on AI Adoption

Join our free newsletter for daily crypto updates!