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- The price of Jeo Boden (BODEN), a memecoin, has seen a significant surge in the past 24 hours.
- Former US President Donald Trump acknowledged the meme coin during a public event.
- The market cap of BODEN memecoin currently stands at $251 million.
Following an unexpected mention by Donald Trump, the price of meme coin Jeo Boden (BODEN) has seen a significant surge. This article explores the details of this development and its implications for the crypto market.
Trump’s Acknowledgement Boosts BODEN’s Market Cap
Created from a misspelling of U.S. President Joe Biden’s name, Jeo Boden (BODEN) has seen a significant price increase in the past 24 hours. This surge came after presidential candidate Donald Trump acknowledged the digital asset during a public appearance. According to data from CoinGecko, the price of the meme coin jumped almost 10% in the past 24 hours, with a 20.65% surge in trading volume. The market capitalization of the memecoin currently stands at $251 million.
Trump’s Unexpected Crypto Endorsement
During the Trump Cards NFT Gala for holders of the digital collection pioneered by the billionaire at his Mar-a-Lago resort in Palm Beach, Florida, Trump was asked about the BODEN meme coin by a fan. In response, Trump stated, “I don’t like that investment.” Despite this, the meme coin peaked at $0.426 in the past 24 hours and, at the time of writing, is trading at $0.3527.
Trump’s Surprising Support for Bitcoin and Cryptocurrencies
In a recent statement, Trump hinted at support for Bitcoin (BTC) and cryptocurrencies, which came as a surprise for the digital asset community. The billionaire, a Republican known for his criticism of virtual currencies, also expressed his opposition to the central bank digital currency (CBDC). He has vowed to put an end to the Federal Reserve’s plans for a digital dollar if elected president.
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Conclusion
The unexpected mention of BODEN by Trump has led to a significant surge in the meme coin’s price. This development highlights the potential influence of high-profile figures on the crypto market. As the digital asset community continues to grow and evolve, such incidents may become increasingly common.
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