
The cryptocurrency market has seen a significant surge in interest around political meme coins, particularly those based on U.S. political figures. A token named $BODEN, inspired by U.S. President Joe Biden, experienced an 830% increase in value over a six-hour period on a Wednesday morning, highlighting the growing fascination with Solana-based meme coins. This spike in $BODEN's value comes amidst a broader rally in political meme coins, including $TRUMP, which also saw considerable gains. Analysts and enthusiasts suggest that these tokens, while currently viewed as meme coins, could evolve into actual prediction markets as the election approaches. The market capitalization of $TRUMP on Ethereum is reported at $325 million, while $BODEN on Solana has reached $36 million. The phenomenon has sparked discussions on the potential of 'PolitiFi' meme coins to act as new forms of prediction markets, despite their inherent volatility and speculative nature.
“Jeo Boden” and “Danold Tromp” Solana-based memecoins are the latest recipients of degen #memecoin mania. https://t.co/rS406WQhvI
Biden-Inspired #BODEN Token Racks Up Significant Gains After #TRUMP Coin Success https://t.co/GlFLNlsTwV
It's been a week for #PoliFi memecoins, where people show their political allegiance through tokens (or simply speculate on trending coins). Coins like $TRUMP flew, and $STRUMP hit as high as 10x in days. Memes & politics always went well together... https://t.co/ccsOxXbBqT




