Bitcoin

Jeo Boden Meme Coin Soars 15% After Donald Trump Says It’s A Bad Investment

Published

6 months ago

May 13, 2024

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The Jeo Boden (BODEN) meme coin surged 15% within the final 24 hours after former US President Donald Trump stated it’s not funding.

Buyers ignored Trump’s funding recommendation and BODEN is among the many prime crypto gainers within the final 24 hours, buying and selling at $0.348 as of 03:37 a.m. EST with a market cap at greater than $240 million.

“That’s some huge cash for a coin,” Trump stated, whereas talking at an occasion for Trump non-fungible token (NFT) holders at his Mar-a-Lago resort on Might 8. “I don’t like that funding.”

Jeo Boden is a meme coin on the Solana blockchain that pokes enjoyable at US President Joe Biden. It’s fallen 14% up to now seven days and 57% in a month.

Trump Speaks on $BODEN at NFT Occasion

“That is a Lotta Cash for a Coin, I Do not Like That Funding”

Audio Supply: @realDannyNelson pic.twitter.com/8NcpuCc6ZI

— db (@tier10k) May 9, 2024

Donald Trump Takes Professional-Crypto Stance After Jeo Boden Remark

Throughout the occasion, Trump, who’s vying for US President beneath the Republican ticket, got here out in help of cryptocurrencies. He opposed the hostility of US regulators in the direction of crypto, saying it was pushing crypto companies out of the US.

🚨 BREAKING 📰 JUST IN:

Donald Trump addresses his stance on #Crypto

“I am good with it” – Trump

(2 clips 👇) 📽️#Bitcoin #BTC $BTC pic.twitter.com/9J9nzJScBq

— Kevin Svenson (@KevinSvenson_) May 9, 2024

“We’ll cease it as a result of I don’t need that,” he stated. “If we’re going to embrace it, we’ve got to allow them to be right here.”

Trump additionally took a jab at President Biden and the US Securities and Trade Fee (SEC) chair, Gary Gensler, saying they had been biased in opposition to crypto.

Whereas the Trump presidential marketing campaign doesn’t at the moment settle for donations in cryptocurrencies, the presidential aspirant additionally stated he was open to the concept.

Trump’s latest remarks are boding effectively for crypto, particularly meme cash. In addition to BODEN, one other Solana-based meme coin, Sealana ($SEAL), is amassing curiosity after its presale raised $300,000 in its opening week.