Biden-Inspired 'Jeo Boden' Meme Coin Leaves Behind Dogecoin, Shiba Inu In Monthly Gains, 'Relevancy Increases' On Election Narratives Says Trader

Author: Khyathi Dalal | March 21, 2024 03:42pm

Using a misspelling of U.S. President Joe Biden's name, meme coin Jeo Boden (CRYPTO: BODEN) is trading 48% higher in the past 24 hours with a 65% surge in trading volumes.

What Happened: Based on DEXScreener data, the Jeo Boden meme coin boasts of $1.9 million in liquidity and a market capitalization of $160 million. In the past 24 hours, the token has witnessed a 48% rally, with trading volume up 66%, indicating high trader interest. This takes the token prices to their all-time high prices.

The official X page of Jeo Boden announced that it is time to launch the meme coin's second token on Solana.

It's time to launch $BODEN 2nd token on Solana!

Presale + Airdrop 🪂

15% of the TOTAL SUPPLY will be AIRDROPPED equally among all the wallets below, just interact, follow and drop your $SOL addresses!

— $boden (@bodensol) March 20, 2024

Also Read: Trump’s Softening Bitcoin Stance Propels 14% MAGA Meme Coin Surge

In the past month, the Jeo Boden meme coin witnessed a 560% surge, while Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) saw an 85% and 120% surge, respectively.

Why It Matters: This surge comes amid Joe Biden winning the Ohio Democratic primary and is expected to do the same in all those states except Florida, where the Democrats canceled its primary and opted to award all 224 of their delegates to Biden.

Biden has also been making the news for the past two days as his administration announced, "forgiving student debt.”

Also, with the election narrative witnessing significant developments each day, meme coins connected to politics are likely to experience movements. For example, MAGA (CRYPTO: TRUMP) was trading 16% higher in the past 24 hours.

 The Wolf Of Crypto Streets is optimistic on Jeo Boden in the latest tweet:

$BODEN is pumping really hard and there is a good reason for it

The relevancy of this memecoin will only increase as the November elections draws nearer

You can still be among top 100 holders of $BODEN for less than $200K right now but not for long

Send it higher. https://t.co/99sfU20WGv pic.twitter.com/s2b0nRzcsW

— The Wolf Of Crypto Streets (@W0LF0FCRYPT0) March 21, 2024

While the meme coin market witnessed an overturn in performance today after a week of declines, the Jeo Boden meme coin is also rallying higher. What holds in store for the meme coin as the November election comes nearer will be interesting to watch.

Read Next: Biden-Themed Meme Coin ‘Jeo Boden’ Outperforms Dogecoin, Shiba Inu, Reaping Over 100x Returns In A Single Day Ahead Of US Elections

Photo: Shutterstock

Posted In: $DOGE $SHIB