Meme Coin Jeo Boden Soars After Donald Trump’s Public Statement
- The price of Jeo Boden (BODEN) surged significantly as Donald Trump recognized the meme coin in a public appearance.
- The market cap of BODEN meme coin stands at $251 million.
Jeo Boden (BODEN), a memecoin created from a misspelling of US President Joe Biden’s name, skyrocketed in the past 24 hours after presidential candidate Donald Trump recognized the digital asset and talked about it in a public appearance.
As per the data from CoinGecko, the price of the meme coin jumped almost 10% in the past 24 hours, with a 20.65% surge in trading volume. The market capitalization of the memecoin stands at $251 million.
Notably, former US President Trump hosted the Trump Cards NFT Gala for holders of the digital collection pioneered by the billionaire at his Mar-a-Lago resort in Palm Beach, Florida.
At the event, the reality TV star was asked about the BODEN meme coin by a fan, who described the token to him.
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“I don’t like that investment,” Trump said in response to the sudden question asked by the fan. It is important to note that the meme coin peaked at $0.426 in the past 24 hours and, at the time of writing, is trading at $0.3527.
In a recent statement, Trump hinted at support for Bitcoin (BTC) and cryptocurrencies, which came as a surprise for the digital asset community since the billionaire is a Republican who is known to be a staunch critic of virtual currencies.
Additionally, Trump is also a strong critic of the central bank digital currency (CBDC) and has vowed to put an end to the Federal Reserve’s plans for a digital dollar if elected president.
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