Degens who caught the most recent meme coin sensation—referred to as “Jeo Boden”—early Tuesday are at the moment sitting on properly over 100x returns. And now there is a slew of copycat cash based mostly on different politicians and public figures.
Solana has been the go-to vacation spot for degens seeking to gamble on meme cash this cycle, and that doesn’t seem like slowing down. The most recent meme coin meta to hit the chain on Solana has cash named after misspelled politicians’ names—like BODEN, TREMP, and DANOLD—skyrocketing. BODEN seems to have kicked off the development, and whereas TREMP was created earlier than it, BODEN has led the pack when it comes to market cap.
BODEN, the ticker for a coin referred to as “Jeo Boden”, is at the moment up 1,133% on the day with a market cap above $40 million. It has impressed a variety of by-product tasks which can be at the moment dominating the meme coin market.
This wave, referred to as “Spoderman Politicians,” was initially impressed by the Spoderman meme—a personality drawn in Microsoft Paint that routinely appeared in a sequence of on-line comics.
Is “Jeo Boden” getting elevated consideration as a result of the U.S. elections are arising? It may very well be, though it’s in all probability extra so simply because it’s actually goofy and humorous. In addition to, meme cash have been on hearth over the past week amid Bitcoin’s rise to a brand new all-time excessive worth.
The Jeo Boden web site is minimalistic, adorned with a banner that states “personal onli boden nd be joyful”.
Some Twitter (aka X) customers consider that cash like BODEN and TREMP will grow to be strategies to guess on who will win the U.S. Presidential Election because it attracts nearer.
Boden started capturing the eye of Crypto Twitter on Tuesday. In the present day, the meta has prolonged past simply politicians and now consists of cash like “Wutalik Butterin” (impressed by Ethereum creator Vitalik Buterin) and “Wandrew Tate” (based mostly on the ex-pro kickboxer and controversial social media character).
Meme cash are famously risky and infrequently are “rug-pulled” because the creators withdraw liquidity and money in, leaving later consumers with a nugatory coin. As all the time, this isn’t monetary recommendation—although it’s fairly humorous.
Edited by Andrew Hayward
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