The world of memecoins is a fascinating one, where even the slightest bit of publicity can cause a surge in value. Take, for example, Jeo Boden (BODEN), a joke crypto token inspired by a mispronunciation of President Joe Biden’s name. When former President Donald Trump mentioned BODEN in response to a reporter’s question, the token saw a sudden 25% increase in value.
Trump’s disapproval of the investment during an impromptu press conference at his Mar-a-Lago resort caused a stir in the market, with BODEN peaking at $0.42 before settling at $0.40, still up 15% from before Trump’s comments. Interestingly, Trump was hosting the Trump Cards NFT Gala, a gathering for holders of digital collectibles bearing his name, showcasing his influence in the crypto space.
Although Trump’s presidential campaign does not currently accept cryptocurrency donations, he expressed his intentions to do so in the future. When asked about the possibility of donating with crypto, Trump assured attendees that he would make it possible if it wasn’t already.
The intersection of politics and cryptocurrency continues to be an intriguing one, with figures like Trump making waves in the industry. As the market evolves and adapts to new developments and influences, the impact of public figures on crypto investments cannot be underestimated. With NFTs becoming more mainstream, events like the Trump Cards NFT Gala highlight the growing connection between traditional political figures and the digital asset space.
