Memecoin BODEN surges regardless of Trump’s lack of enthusiasm


    Jeo Boden (BODEN) — a memecoin impressed by a misspelling of U.S. President Joe Biden’s identify — skilled a big surge in worth after former President Donald Trump’s unenthusiastic response to a fan’s query in regards to the cryptocurrency.

    The incident came about in the course of the Trump Playing cards NFT Gala at Mar-a-Lago resort in Palm Seaside, Florida, the place Trump was internet hosting holders of his digital collectibles. In response to a latest Coindesk report, when requested about BODEN, which had a reported market capitalization of $240 million, Trump merely acknowledged:

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    I don’t like that funding.

    Regardless of the less-than-stellar endorsement, BODEN’s worth skyrocketed by as a lot as 25% following Trump’s remark. This occasion showcases the facility of publicity, even in its most lackluster type, in relation to memecoins and different speculative investments within the cryptocurrency market. Nonetheless, as of press time BODEN fell again right down to $0.3208 with a market cap of $221 million in line with CoinMarketCap information.

    Trump’s Stance on Crypto Donations

    Through the impromptu Q&A session, Trump was additionally requested about whether or not his presidential marketing campaign could be accepting cryptocurrency donations. Though his marketing campaign shouldn’t be presently accepting digital asset donations, the presidential candidate reassured the viewers that he would be sure it turns into an possibility sooner or later.

    On Polymarket, a crypto-based prediction market platform, the contract “Will Trump point out $BODEN earlier than July?” remained comparatively unchanged following the occasion. The contract defines a “point out” as both a verbal or written utilization of the phrase “boden” particularly in reference to the cryptocurrency. Trump’s temporary remark didn’t meet the standards, and predicted odds of him mentioning BODEN by July 1 stay low at simply 4%.

    Crypto as a subject is turning into much less and fewer uncommon within the discussions surrounding the presidential candidates. Earlier this week ReadWrite reported that pro-crypto unbiased U.S. presidential candidate Robert F. Kennedy Jr. is about to communicate on the upcoming Consensus 2024 crypto convention in Austin, Texas.

    Present United States President Joe Biden additionally lately brought about an outcry from the crypto trade with a lately proposed 30% tax on crypto mining energy and confronted criticism for probably harming the trade and erasing investor wealth.


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