Memecoins
Here’s How Much $1,000 Invested In Joe Biden-Themed BODEN Meme Coin Is Worth One Month Later
Here’s How Much $1,000 Invested In Joe Biden-Themed BODEN Meme Coin Is Worth One Month Later
In 2024, in addition to the domination of Bitcoin and the approval of spot exchange-traded funds (ETFs), the next big story was coins.
These projects, which are constantly popping up, offer little value to investors and rely on a mob mentality to drive up prices and create returns for investors. This has resulted in extremely volatile and risky investments. However, some tokens have generated incredible returns for investors.
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One of these tokens is called Jeo Boden (BODEN), and yes, the name is misspelled on purpose. The token mocks President Joe Biden, making memes and jokes about him. The token, launched in March, is based on the Solana blockchain and has attracted a huge amount of attention in recent months.
One of the reasons for this attention was competition of sorts where the creators of BODEN promised 1,000 tokens to anyone who brought a BODEN sign to a Trump rally in Grand Rapids, Michigan. The rally, which took place on April 2, was surprisingly attracted several signs and the winners received their BODEN tokens.
Shortly after the rally, the token’s price reached new highs. The market cap approached $700 million and moved closer to the top 100 tokens by market cap in the entire crypto space.
At launch, the token was trading at $0.0003. At its peak, it reached $1.07. This generated gains of over 350,000% in just over a month. This means that a $1,000 investment would have been worth more than $3.5 million at most.
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BODEN is currently trading at around $0.65, or 216,000% above the launch price. At current prices, an initial investment of $1,000 is worth over $2.1 million.
The token provides no value to investors, has anonymous founders, and has no plans for the future. However, you would be hard-pressed to find an asset that has performed better over the past month. The wild and incredible rise of BODEN shows how a small community of investors can create huge gains through the support of meme coins.
The BODEN project also offers a Trump-themed memecoin called Doland Tremp (TREMP). While this token has also performed extremely well, it is not at the level of BODEN.
Some attribute the revival of Solana (SOL) as a whole to these memecoins. SOL hit all-time highs (ATH) in 2024, and some of the biggest new projects have been meme coins. Some other Solana coins include dog hat (WIF) And Bonk (BONK). These tokens attract new investors who must purchase SOL to access the meme coins.
The story continues
With a bizarre month behind BODEN, no one knows what the future holds for the token. Will the price continue to increase thanks to a strong community? Will the price completely collapse? Only time will tell.
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