The price of $BODEN increased by 150.81% in 24 hours, with a trading volume reaching $16.97 million amid political uncertainty.
President Joe Biden announced he would not run for re-election, endorsing Vice President Kamala Harris as the Democratic nominee.
Former President Trump criticized Biden’s fitness to serve, reiterating his pro-crypto stance and opposition to Democratic policies.
Solana-based meme coin $BODEN (@boden4pres) has experienced a dramatic surge, rising by over 150%, following rumors that President Joe Biden is in hospice and may not survive the night. Ever since, the account that posted this news has deleted all its previous X activities. This rise in value has caught the attention of many in the cryptocurrency community.
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
— SolanaFloor (@SolanaFloor) July 23, 2024
BODEN Coin Market Performance
Following the recent political developments, the price of the boden/SOL pair has increased by 150% in the last 24 hours. The highest price recorded was $0.01795, while the lowest was $0.01027.
The 24-hour trading volume for this decentralized exchange (DEX) pair reached $16.97 million, with 18,004 buy transactions and 18,527 sell transactions. The total volume of purchases amounted to $8.35 million, and the total volume of sales was $8.6 million.
The recent surge in $BODEN’s value highlights the impact that political events can have on cryptocurrency markets. As the situation with President Biden unfolds, it will be interesting to see how it continues to affect both the political landscape and the cryptocurrency market.
Biden’s Announcement
President Joe Biden announced on Sunday that he would not be running for re-election. This decision has created uncertainty within the Democratic Party as they prepare for the upcoming November election against former President Donald Trump.
Biden took to X (formerly Twitter) to state that stepping down was “in the best interest” of the Democratic Party and the country. He 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.
pic.twitter.com/RMIRvlSOYw
— Joe Biden (@JoeBiden) July 21, 2024
Support for Vice President Kamala Harris
In his announcement, President Biden also expressed his support for Vice President Kamala Harris as the Democratic nominee for this year’s election. He called for unity within the party, urging Democrats to come together to defeat Trump in the upcoming election. Biden’s endorsement of Harris is expected to have a significant impact on the dynamics of the Democratic nomination process.
Trump’s Response
Former President Donald Trump reacted to Biden’s announcement on Truth Social, criticizing Biden’s fitness to serve as president. Trump stated, “Crooked Joe Biden was not fit to run for President, and is certainly not fit to serve – And never was!”
This statement is consistent with Trump’s previous criticisms of Biden, including accusations that the Democratic Party is opposed to cryptocurrency. Trump, as a Republican presidential candidate, has adopted a pro-crypto stance, promising to support the industry and reduce regulatory antagonism if elected.
The recent surge in $BODEN’s value highlights the influential impact that political events can have on crypto markets. As the U.S elections near, it will be interesting to see how it continues to affect both the crypto market.
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