
In a surprising twist, meme coin enthusiasts are capitalizing on a new trend of cartoonish tokens inspired by prominent political figures and celebrities, with Solana emerging as the leading host amid a turbulent cryptocurrency market.
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- Witness an 830% surge in BODEN, a meme coin inspired by U.S. President Joe Biden, dominating Solana with a daily trading volume surpassing $23 million.
- Dogwifhat (WIF) outshines popular choices like Dogecoin (DOGE) and BONK, soaring by 48% amidst the cryptocurrency market’s volatility.
- Developers release meme coins based on Elon Musk, Kanye West, and Donald Trump; however, caution is advised due to the high-risk nature of these newly introduced assets.
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Political Meme Coins Surge on Solana Amid Cryptocurrency Market Volatility
The token named BODEN, a nod to U.S. President Joe Biden, witnessed an unprecedented surge of 830% within a six-hour window on Wednesday morning, with daily trading volume soaring to over $23 million, according to CoinMarketCap’s latest data.
Developers are riding the wave by introducing similar meme coins featuring notable personalities like Elon Musk, Kanye West, and Donald Trump. However, caution is advised, as these newly introduced meme coins often carry high-risk factors, making them susceptible to rug pulls and exit scams.
Solana’s leading meme coin, dogfight (WIF), is standing in the spotlight, which outperformed popular choices such as dogecoin (DOGE) and BONK, experiencing an impressive 48% surge. This unconventional rise adds an intriguing layer to the dynamic cryptocurrency landscape.
The broader crypto market remains in shock after Bitcoin reached a record-setting high of $69,325 on Tuesday, followed by a rapid downturn. In a departure from previous market cycles, this shift led to a staggering $1 billion worth of liquidations.
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