The memecoin frenzy has struck again, and this time it’s centered around the likeness of US President Joe Biden. BODEN, a token named after the president, has experienced – at one point – a mind-boggling surge in value, skyrocketing by a jaw-dropping 5,000%, according to CoinMarketCap.
BODEN’s meteoric rise is just one example of the wider trend of meme coins seeking to capitalize on the popularity of prominent figures, be they politicians or celebrities. These tokens aim to attract investors seeking quick profits by leveraging the fame of their namesakes.
Memecoin Fever: BODEN Makes Big Noise
Trading data from CoinMarketCap reveals that BODEN, a Solana-based meme coin, has seen an astronomical rise of over 2,400% within the last 24 hours, marking a milestone in the crypto world. With a trading price of approximately $0.018, this quirky digital asset has amassed a staggering market volume of $24 million in a mere day.
The surge in BODEN’s value has ushered in a
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