The price of $BODEN surged by 150.81% following President Joe Biden’s announcement not to seek re-election, with increased trading volume amid political uncertainty.
Points
- $BODEN price increased by 150.81% after Biden’s decision not to seek re-election.
- The trading volume reached $16.97 million with 18,004 buy transactions and 18,527 sell transactions.
- President Biden endorsed Vice President Kamala Harris as the Democratic nominee.
- Former President Trump reiterated his pro-crypto stance, criticizing Democratic policies.
The Solana-based meme coin $BODEN experienced a significant price surge of 150.81% within 24 hours following President Joe Biden’s announcement that he would not seek re-election. The trading volume for $BODEN reached $16.97 million, with 18,004 buy transactions and 18,527 sell transactions. This surge underscores the impact of political events on the cryptocurrency market.
President Biden’s decision to step down and endorse Vice President Kamala Harris as the Democratic nominee has created a ripple effect in both the political and crypto landscapes. Biden emphasized his desire to focus on his duties for the remainder of his term and mentioned that he would address the nation later in the week to elaborate on his decision.
Former President Donald Trump, known for his pro-crypto stance, criticized Biden’s fitness to serve and the Democratic Party’s policies. Trump’s statements have further fueled interest in the $BODEN meme coin, as his pro-crypto rhetoric resonates with many investors.
The recent surge in $BODEN’s value highlights the significant influence that political events can have on cryptocurrency markets. As the situation with President Biden unfolds, it will be interesting to observe how it continues to impact both the political landscape and the crypto market.
LATEST: Solana-based meme coin $BODEN (@boden4pres) has surged over 150% following the rumors that @JoeBiden is in hospice and ‘unlikely to survive the night.’ pic.twitter.com/tyL0KGjEBF
https://twitter.com/SolanaFloor/status/1815626850497884484
Kamala Harris’s emergence as the Democratic candidate has also drawn significant attention from the crypto community. Her successful campaign launch, raising $81 million in just 24 hours, signals strong support and confidence in her candidacy. Investors are closely watching how her candidacy will influence the market dynamics and the future of meme coins like $BODEN.
解説
- The surge in $BODEN’s price following Biden’s announcement demonstrates the strong influence of political events on cryptocurrency markets.
- Kamala Harris’s endorsement and successful fundraising efforts highlight her significant support, which could impact investor sentiment in related crypto assets.
- Trump’s pro-crypto stance and criticism of Democratic policies continue to resonate with investors, driving interest in meme coins like $BODEN.
- The substantial trading volume and price movement underscore the speculative nature of meme coins and their sensitivity to news and political developments.
- Investors should monitor ongoing political events and market trends to make informed decisions in the volatile crypto market.