Biden-Inspired 'Jeo Boden' Meme Coin May Become 'First Popular Meme To Die' After 95% Drop From Its Highs, Says Trader
Portfolio Pulse from Khyathi Dalal
The Joe Biden-inspired meme coin, Jeo Boden (CRYPTO: BODEN), has seen a significant drop of 95% from its highs, raising questions about its survival. Prominent crypto traders have highlighted the coin's poor performance, attributing it to Biden's age-related issues and the aftermath of the first presidential debate. The coin's current valuation stands at $30 million, with some traders planning to double down at a $24 million valuation.
July 03, 2024 | 1:26 pm
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NEGATIVE IMPACT
The Jeo Boden meme coin, built on the Solana blockchain, has dropped 95% from its highs, raising concerns about its survival. This could negatively impact Solana's reputation and investor confidence.
The significant drop in the Jeo Boden meme coin, which is built on the Solana blockchain, could negatively impact Solana's reputation and investor confidence. This could lead to a short-term decline in Solana's price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50