Jeo Boden

Jupiter

Millions

Coin

<a href="https://bitcoinworld.co.in/a-trader-lost-millions-in-jeo-boden-boden-meme-coin-gamble/" title="A Trader Lost Millions In Jeo Boden (BODEN) Meme Coin Gamble" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400">A trader recently faced a substantial loss after investing in the Joe Biden-themed meme coin, Jeo Boden (BODEN) token, a situation unfolding amid rising expectations for a potential meme coin season.</li> 
</ul> 
The anonymous trader <a href="https://x.com/clippedtoby/status/1815090179666788481">saw</a> nearly $8 million evaporate after swapping Jupiter (JUP) tokens for BODEN at its peak.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Reminder: Rich people can also be incredibly stupid. 
 This trader TWAP'd out of $8m worth of <a href="https://twitter.com/search?q=%24JUP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$JUP</a> for <a href="https://twitter.com/search?q=%24BODEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BODEN</a> at the pico top of Boden. 
 He then sold $12.5k worth (0.5% of total) but bagheld the rest to now, where he is down near to 98%. His $8m is now worth about $85k at… <a href="https://t.co/w4jAvInuBB">pic.twitter.com/w4jAvInuBB</a> 
 — toby (@clippedtoby) <a href="https://twitter.com/clippedtoby/status/1815090179666788481?ref_src=twsrc%5Etfw">July 21, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
According to crypto trader Toby, the investor’s BODEN holding has now plummeted by about 99%. Initially, the trader managed to sell only $12.5k worth of BODEN before the value dropped drastically. 
Currently, the trader’s BODEN investment stands at roughly $85,000, with the wallet primarily holding BODEN (81%), USD Coin (14%), and Solana (3.7%). The wallet’s peak valuation of over $10.8 million in April has now decreased to around $219,000, according to <a href="https://coinstats.app/address/D4PDeD5jm6mL3TWkBgB6vL9mXqgPN35y7TuDQ7ugX71m/">CoinStats</a>. 
Biden-linked meme coins have seen a steep decline, falling over 60% since Biden withdrew from the 2024 presidential race. 
In contrast, other meme coins are experiencing a surge. For example, Mogcoin (MOG), based on Ethereum, hit an all-time high on July 22, reaching a market cap of over $820 million. 
This surge has fueled speculation among traders about an impending altcoin season, with many predicting new all-time highs for various cryptocurrencies.&nbsp; 
Meme coin trader Zack Ventura suggested that the market could be gearing up for the next phase of the bull cycle, indicating a potential meme coin season ahead.

A Trader Lost Millions In Jeo Boden (BODEN) Meme Coin Gamble

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