- Donald Trump took time to mock the Biden-based satirical BODEN token.
- Presidential coins are fighting alongside the Electoral College.
- Trump’s cryptocurrency wallet full of memecoins has soared to over $6 million.
US presidential candidate Donald Trump surprised his loyal audience by commenting on a Joe Biden-themed meme coin during a special NFT event held at his Mar-a-Lago home. One of his supporters said: It’s making fun of Joe Biden and is now worth $240 million.”
Trump responded positively to the question and delivered an interesting answer.
Trump considers Biden-themed coin “overvalued”
Upon noticing BODEN’s rapidly growing market capitalization, Donald responded, “That’s too much money for a coin,” adding, “I don’t like that investment.” BODEN embarked on an 18% rally shortly after Trump’s interview was leaked to
Ironically, while Trump criticizes the high price of BODEN, the MAGA (TRUMP) coin based on him is much more expensive. TRUMP’s global market capitalization is $290,898,618, ranking 234th and 257th respectively on the global cryptocurrency chart, higher than BODEN. TRUMP has witnessed a broad rally since the coin was distributed seven months ago, recording a return of 52,442.7%.
Which presidential coin is winning the popular vote?
Meme currencies often provide a sarcastic and humorous approach to real-life events. 2024 was a particularly successful year, witnessing rapid growth in cryptocurrency prices and communities. TRUMP exhibited an incredible bull market, starting at $0.01136 at the end of 2023 and reaching a whopping $11.63 on March 4, 2024.
Meanwhile, the satirical TREMP cryptocurrency appeared on Solana (SOL). TREMP is making waves in the cryptocurrency space, with an increase of 142.9% in the last 24 hours. This meme coin boasts a relatively smaller market capitalization than its predecessors mentioned above. But TREMP is undoubtedly winning against Ruburt F. Kenidy Jr. (KENIDY). RFK Jr. The theme coin is also up 47% in the last 24 hours, but is not yet ranked on the global charts of cryptocurrencies.
TREMP, which has Solana’s market capitalization of $63,090,091, is rapidly rising in popularity and is going head-to-head with BODEN, which also surged by double digits on May 9th.
The bullish price action for the Joe Biden and Donald Trump embossed coins follows Trump’s latest special NFT event held at the former president’s Mar-a-Lago resort on Wednesday.
On the flip side
- Donald Trump’s cryptocurrency wallet features a number of memecoins, including several different variations of the self-proclaimed TRUMP coin, but the largest portion consists of MAGA (TRUMP).
- The presidential candidate’s Ethereum wallet has 579.29K TRUMP coins stored on-chain, currently worth $3.32 million. Ether (ETH), the largest PoS token, came in second place with a valuation of $1.28 million.
Why This Matters
Candidates talking about cryptocurrency for the first time in an election cycle means blockchain technology is being taken more seriously.
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