Summary
TLDR: Degens who invested early in the meme coin sensation “Jeo Boden” on Solana are seeing over 100x returns. The trend has sparked a wave of copycat coins based on politicians and public figures. The rise of meme coins like BODEN and TREMP may be influenced by the upcoming U.S. Presidential Election, but they are mainly seen as goofy and entertaining investments. The meme coin market is volatile and risky, so caution is advised when investing in these coins.
Key Points
1. Degens who caught the newest meme coin sensation “Jeo Boden” early Tuesday are currently sitting on well over 100x returns, sparking a trend of copycat coins based on other politicians and public figures.
2. The Solana blockchain has been the go-to destination for degens looking to gamble on meme coins, with the newest meme coin meta named after misspelled politicians’ names like BODEN, TREMP, and DANOLD skyrocketing in value.
3. Meme coins like BODEN and TREMP are gaining attention as potential prediction markets for the upcoming U.S. Presidential Election, with Twitter users speculating on how these coins could reflect the election outcome.