Solana’s BODEN Token Surges in Benefit Subsequent TRUMP Coin Rally, Perhaps Nodding to Joe Biden

The digital asset known as maga (TRUMP) continues to experience 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 $34.50 million on decentralized exchange platforms such as Raydium and Orca.

Biden-Inspired BODEN Token Racks Up Significant Gains After TRUMP Coin Success Bitcoin.com News has previously reported on the increase in value of Donald Trump’s cryptocurrency holdings, bolstered by the significant donation of TRUMP tokens he received. Named after the 45th president, this token has seen an upward movement of over 400% against the U.S. dollar in the last 30 days. The rise of the TRUMP token has contributed to the emergence of meme cryptocurrencies associated with well-known personalities, including the jeo (BODEN) token, humorously referencing the current U.S. President Joe Biden.

According to coinmarketcap.com data, BODEN has ascended by 1,597% in the last 24 hours. Although the site displays BODEN’s metrics, it hasn’t officially included the token in its listings. Similarly, coingecko.com and other major cryptocurrency aggregation sites have not officially listed BODEN. This digital asset, which operates on the Solana (SOL) blockchain, draws its price data from transactions on decentralized exchanges such as Orca and Raydium. Currently, BODEN has not been featured on any centralized exchange platforms. As of 3:00 p.m. Eastern Time on Wed., Mar. 6, 2024, BODEN’s trading price is at $0.0518 per token.

The token’s website offers scant details, only humorously stating:

Joe Boden is da hartfelt leeder of Amuriku. His mishun is to bild bak betta, to unify da divided, and to counter da wild claims of Doland Tremp.

This introduction of BODEN arrives amidst a broad interest in various meme tokens, marking a significant uptick in demand over the previous week. DOGE saw a 46% increase, SHIB escalated by 205%, PEPE climbed by 153%, BONK surged by 110%, and WIF appreciated by 173%. Despite these jumps, TRUMP’s monthly gain stood at over 400%, with a weekly increase of 17.1%. Since its debut, TRUMP has soared by a significant 69,850% against the U.S. dollar.

The hype surrounding celebrity meme tokens has been so crazy that the Tate brothers have warned people about tokens using their names and images. “A friendly reminder that all crypto coins that use my or my brother’s images have nothing to do with us and you’re pretty much guaranteed to lose all your money if you ‘invest’ in them,” said Tristan Tate, the brother of the British-American ex-kickboxer Andrew Tate.