Trump Ridicules ‘Boden’ Memecoin’s $240M Market Cap, BODEN Token Jumps 25%

Trump’s Views on Boden Memecoin

Former President Donald Trump recently expressed his disinterest in the “Jeo Boden (BODEN)” memecoin, a satirical crypto token inspired by President Joe Biden. During a special NFT event at his Mar-a-Lago resort in Florida, Trump mocked the memecoin’s $240 million market cap, stating, “That’s a lot of money for a coin, I don’t like that investment.”

Memecoins on Solana Blockchain

Solana-based memecoins, including those representing caricatures of Biden and Trump like “Jeo Boden” and “Doland Tremp,” have seen significant gains in recent times. These tokens reached market capitalizations of $473 million and $83 million, respectively, highlighting the growing popularity of memecoins on the Solana blockchain.

Trump’s Stance on Crypto Donations

Trump also expressed openness to receiving crypto donations for his campaign. When asked if donations could be made using cryptocurrency, Trump responded, “If you can’t, I’ll make sure you can.”

Boden Memecoin Price Movement

Following Trump’s comments, Boden memecoin experienced a 25% increase in price, reaching $0.43 before dropping to $0.366. Despite the dip, the token remains 15% higher and is currently trading at the same price.

Memecoins and Their Volatility

Memecoins derive their value from internet memes, jokes, and public figures, making them highly volatile assets. These tokens often experience rapid fluctuations in value, especially after their initial launch.

Future Outlook for Jeo Boden Memecoin

A trader known as Crypto Dog has predicted a breakout for Jeo Boden memecoin following a period of consolidation. Since March, the memecoin has surged twenty-fold, indicating potential growth in the near future.