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A meme coin inspired by U.S. President Joe Biden has experienced a remarkable surge of over 70% today, reaching a market capitalization of $324 million, according to the Coinmarketcap data.
Joe Boden (BODEN) is a meme coin on the Solana network that pokes fun at Biden’s image and policies. Its website features exaggerated jokes about the U.S. president, using the Comic Sans font for fun, and lots of memes. There’s also a version inspired by Trump named Doland Tremp (TREMP).
The meme coin BODEN has experienced a remarkable surge, soaring by nearly 2,000% since its introduction. This spike is largely fueled by the anticipation surrounding the U.S. Presidential election and the widespread fascination with meme coins on social platforms.
Recent developments in the U.S. election, particularly news of Donald Trump’s lead over Joe Biden in six states according to the latest polls, have propelled BODEN’s value upwards.
The notable surge in BODEN’s value, particularly against the backdrop of Biden’s 2020 swing state victories, alongside TREMP’s 23% rise, highlights the meme coin market’s fascination with political themes.
This growing interest, fueled by the anticipation of the U.S. election in November, suggests that the enthusiasm for these unique tokens is expected to continue as investors remain keen on exploring the potential of these politically inspired investments.
Amidst this rally, BODEN has emerged as the most significant gainer in the meme coin sector, outperforming other leading meme coins currently facing liquidations.
Also read: US Voters Favor Trump in Crypto: Paradigm Poll Reveals
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