A meme coin impressed by U.S. President Joe Biden has surged over 70% immediately, reaching a market cap of $324 million.
Jeo Boden (BODEN) is a satirical Solana meme coin that mocks Biden’s public persona and coverage views. It contains a web site exhibiting crude parodies of the U.S. president and closely makes use of the Comedian Sans font in its presentation, incorporating numerous memes. It additionally has a Trump-inspired counterpart known as Doland Tremp (TREMP).
Launched almost a month in the past, BODEN has surged virtually 2,000% since its launch, primarily pushed by the thrill across the upcoming U.S. Presidential election and the continuing meme coin craze on social media.
Like its counterpart TREMP, BODEN appears to rally each time there are any main developments within the U.S. election. At the moment’s surge is basically attributed to the information of Donald Trump main Joe Biden in six states, as proven by the latest polls. Biden beforehand received a majority of the swing states in 2020.
Following this report, the TREMP meme coin additionally gained over 23% immediately. The market developments point out that meme coin lovers will possible proceed to wager on these ‘knockoff’ tokens till the U.S. election in November.
With this rally, BODEN is the most important gainer within the meme coin market token, as different main tokens proceed to see liquidation.