Summary
TLDR: Meme coins inspired by Joe Biden and Donald Trump are surging on the Solana blockchain, with BODEN having a larger market cap and gains compared to TREMP. Meme coins are highly volatile and get their value from popular culture, and Solana-based meme coins have a combined market capitalization of $8.15 billion.
Key Points
1. Meme coins inspired by United States President Joe Biden and former President Donald Trump are surging on the Solana blockchain, with the Trump-inspired Doland Tremp (TREMP) meme coin competing against the Biden-inspired Jeo Boden (BODEN) in terms of Solana trading volume.
2. BODEN has a larger market cap and 24-hour gains compared to TREMP, with a market cap of nearly $473 million and a price increase of 60% to almost $0.69. On the other hand, TREMP is trading at $0.83 with a market cap of about $83 million, experiencing a 54% increase in price.
3. Meme coins on the Solana blockchain have gained popularity due to their association with internet jokes, memes, and public figures. These coins derive their value from cultural references and tend to be highly volatile. The Solana-based meme coins have a combined market capitalization of $8.15 billion, showcasing the growing interest in this sector.