Goofy Biden and Trump Meme Coins Surge on Solana

Dogecoin surges amidst political figures' endorsements, as the Solana meme coin gains popularity once again.

Degens who seized the latest Solana meme coin sensation, led by "Jeo Boden," are now reaping over 100x returns. A plethora of copycat coins inspired by other politicians and public figures emerges in the wake of this trend. Solana remains a hotbed for degens keen on meme coin gambling, with the latest meta seeing coins named after misspelled politicians—like BODEN, TREMP, and DANOLD—soaring.

The BODEN token skyrockets by 1,133%, reaching a market capitalization of over $40 million

BODEN, the ticker for the coin "Jeo Boden," skyrockets by 1,133% in a day, boasting a market cap surpassing $40 million. It sparks a range of derivative projects that currently dominate the meme coin market. This trend, dubbed "Spoderman Politicians," draws inspiration from the Spoderman meme—an MS Paint character frequenting online comics.

Meme Coins Take Over: Jeo Boden Gains Attention as Bitcoin Hits New Highs

Is "Jeo Boden" garnering increased attention due to the upcoming US elections? Possibly, but it's likely more because of its sheer goofiness and humor. Moreover, meme coins experience a surge in popularity amid Bitcoin's recent rally to a new all-time high.

Jeo Boden Website Debuts with Minimalist Design, Sparking Twitter Discussions as Potential Betting Tool for Election Outcomes.

The Jeo Boden website adopts a minimalist style, adorned with a banner proclaiming "own onli boden nd be happy."

Some Twitter users speculate that coins like BODEN and TREMP could serve as methods for betting on the outcome of the US Presidential Election as it draws near.

Boden captures Crypto Twitter's attention on Tuesday, expanding the meta beyond politicians to include coins like "Wutalik Butterin" (inspired by Ethereum creator Vitalik Buterin) and "Wandrew Tate" (based on the ex-pro kickboxer and controversial social media personality).

Liquidity Risk in Meme Coins: Value Depletion Due to Creator Withdrawals

Meme coins, notorious for their volatility, often face being "rug-pulled" by creators withdrawing liquidity, rendering them worthless to later buyers. As always, this is not financial advice—though it's undeniably amusing.