Super Tuesday Crypto Craze: Biden-Related Memecoin Stuns Markets With 5,000% Surge

Christian Encila

1 year ago

2 mins read

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The memecoin frenzy has struck again, and this time it’s centered around the likeness of US President Joe Biden. BODEN, a token named after the president, has experienced – at one point – a mind-boggling surge in value, skyrocketing by a jaw-dropping 5,000%, according to CoinMarketCap.

BODEN’s meteoric rise is just one example of the wider trend of meme coins seeking to capitalize on the popularity of prominent figures, be they politicians or celebrities. These tokens aim to attract investors seeking quick profits by leveraging the fame of their namesakes.

Memecoin Fever: BODEN Makes Big Noise

Trading data from CoinMarketCap reveals that BODEN, a Solana-based meme coin, has seen an astronomical rise of over 2,400% within the last 24 hours, marking a milestone in the crypto world. With a trading price of approximately $0.018, this quirky digital asset has amassed a staggering market volume of $24 million in a mere day.

BODEN token price. Source: CoinMarketCap

The surge in BODEN’s value has ushered in a new wave of meme coins, as developers seize the opportunity to capitalize on the hype and allure investors seeking swift gains.

Trump Memecoin Also In The Spotlight

Meanwhile, the cryptocurrency TRUMP, associated with Donald Trump, recently dropped to $8.08, although it still maintains a considerably higher value compared to its year-end price. Despite not being directly linked to politicians, Trump had previously received over 579,000 TRUMP tokens from the project team.

Total crypto market cap at $2.44 trillion on the daily chart: TradingView.com

The asset experienced a significant surge in January 2024, reaching a value of $4 million in Trump’s wallet, compared to trading between $0.01 and $0.08 in November 2023. The price increase is attributed to political victories by both Biden and Trump during the Super Tuesday contests, with Trump winning in 14 out of 15 states as the Republican candidate.

BODEN Flexes Muscles

However, BODEN has taken center stage this week, surpassing even the beloved Dogecoin (DOGE), the pioneer meme coin on Solana. BODEN’s performance has even outshined dogwifhat (WIF) and Bonk’s BONK, solidifying its dominance in the meme coin realm.

Amidst the meme coin frenzy, let’s not forget the reigning king of the crypto world—Bitcoin (BTC). The leading digital currency experienced a fleeting moment of glory as it soared to a new all-time high of $69,300, a record not seen since 2021. However, the excitement was short-lived as BTC quickly retracted to as low as $60,000, causing a billion-dollar wipeout in the market.

Featured image from AFP; Getty Images, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.