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Donald Trump Mentions Meme Coin (MC): Significant Surge in Crypto Market Value Noted

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(02:07 PM UTC)
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  • The meme coin Jeo Boden (BODEN), named after a misspelling of US President Joe Biden, has seen a significant increase following the recognition of digital assets by presidential candidate Donald Trump.
  • According to CoinGecko data, the meme coin’s price increased by an average of 10% in the last 24 hours. The trading volume recorded an increase of 20.65%, with a market value of $251 million.
  • At a recent event in Florida, Trump hosted the Trump Cards NFT Gala for digital collection owners. During the event, a fan asked the reality TV star a question about BODEN.

Trump’s recognition of digital assets boosts meme coin Jeo Boden’s value, with the coin’s price and trading volume seeing significant increases.

Trump’s Stance on Digital Assets

During the Trump Cards NFT Gala, when asked about BODEN, Trump responded, “I don’t like this investment.” It’s important to note that the Jeo Boden coin reached $0.426 in the last 24 hours and was trading at $0.3527 at the time of writing.

Trump’s Surprising Support for Cryptocurrencies

In a recent statement, Trump hinted at his support for Bitcoin (BTC) and cryptocurrencies. This came as a surprise to the digital asset community, considering he is a known Republican who has been critical of virtual currencies. Trump is also a strong critic of the central bank digital currency (CBDC) and has promised to end the Federal Reserve’s digital dollar plans if elected president.

Conclusion

The recognition of digital assets by high-profile figures like Trump can have a significant impact on the value of related cryptocurrencies, as demonstrated by the recent surge in the value of Jeo Boden. As the digital asset landscape continues to evolve, the views and actions of influential individuals will likely continue to play a key role in shaping market trends.

Sheila Belson

Sheila Belson

Sheila Belson is a 20-year-old financial content editor who ventured into the realm of cryptocurrencies in 2023. Enthralled by the innovative world of non-fungible tokens (NFTs), she harbours a profound affection for Ethereum. With a sharp eye for detail, Sheila skillfully navigates the dynamic crypto landscape, continuously seeking to enrich her understanding and share her passion through engaging and insightful content.
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