Share this article
Biden and Trump-Themed Meme Coins Take Center Stage on Solana
One of Solana's leading meme coins, dogwifhat (WIF), incresed by 48% on Wednesday.
Updated Mar 8, 2024, 10:46 p.m. Published Mar 6, 2024, 12:24 p.m.
Make us preferred on Google
- A token based on U.S. president Joe Biden rose by 830% on Wednesday morning on more than $23 million worth of trading volume.
- Several other meme coins based on celebrities and politicians have been issued on Solana.
- The emerging narrative comes as dogwifhat (WIF) surged by 48%.
Meme coin speculators are hopping on a risky new wave of cartoonish tokens based on notable politicians and celebrities this week, with Solana-issued meme coins leading the market following cryptocurrency's volatile trading session on Tuesday.
A token with the ticker BODEN, based on U.S. president Joe Biden, rose by 830% in a six-hour period on Wednesday morning as daily volume spiked to more than $23 million, according to CoinMarketCap.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
A series of similar tokens based on the likes of Elon Musk, Kanye West and Donald Trump have been issued as developers attempt to latch onto the hype.
Newly issued meme coins are high risk assets as they often fall victim to rug pulls and exit scams.
The emerging narrative comes as dogwifhat, Solana's most prominent meme coin, outperformed usual crowd favorites dogecoin and BONK with a 48% move to the upside.
The wider crypto market remains in a state of shock after bitcoin set an all-time high of $69,325 on Tuesday before prices rapidly tumbled, unlike previous cycles, leading to $1 billion worth of liquidations.
Meme coins were the hardest hit sector with PEPE and DOGE falling more than 30% due to a lack of liquidity, although the both assets have since recovered.
Higit pang Para sa Iyo
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Ano ang dapat malaman:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
Higit pang Para sa Iyo
Stablecoins moved $35 trillion last year but only 1% of it was for 'real world' payments
While stablecoins settled around $35 trillion last year, only around 1% of that represented genuine payments like remittances and payroll, a new report found.
Ano ang dapat malaman:
- Stablecoins processed more than $35 trillion in transactions last year, but only about 1% of that reflected real-world payments, a report by McKinsey and Artemis Analytics found.
- The study estimated that roughly $390 billion in genuine stablecoin payments, such as vendor payments, payrolls, remittances and capital markets settlements.
- Despite rapid growth and increasing interest from traditional payment firms like Visa and Stripe, true stablecoin payments still account for just a tiny fraction of the more than $2 quadrillion global payments market, the report said.
Top Stories
