Share this article
'Boden' Memecoin Surges After Trump Quips About It
"I don't like that investment," former U.S. President Donald Trump said of a token mocking his rival, Joe Biden. Trump also said he's open to cryptocurrency donations.
Updated May 9, 2024, 6:05 p.m. Published May 9, 2024, 2:05 a.m.
The old saying "any publicity is good publicity" appears to hold true for memecoins. Even the flimsiest kind of publicity.
Jeo Boden (BODEN), a joke crypto token referring to a misspelling of U.S. President Joe Biden's name, surged as much as 25% Wednesday after his Republican challenger, former President Donald Trump, responded to a fan's question about it.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The real estate mogul, reality TV star and populist firebrand was hosting the Trump Cards NFT Gala for holders of the digital collectibles that bear his name and likeness. A few hundred people were in attendance at his Mar-a-Lago resort in Palm Beach, Florida.
"I don't like that investment," Trump said at an impromptu audience Q&A after an attendee described BODEN to him and said it had a $240 million market capitalization.
After peaking at $0.42, BODEN fluctuated and at press time was trading at $0.40, still up about 15% from when Trump made his comment (such as it was).
Trump crypto donations?
Trump's presidential campaign is not currently accepting donations in cryptocurrency, but he said at the impromptu gathering he intends to.
When asked, "Can we donate using crypto?" the almost-certain GOP nominee responded, "If you can't, I'll make sure you can."
Meanwhile, on Polymarket, the crypto-based prediction market platform, trading remained flat Wednesday in the contract "Will Trump mention $boden before July?"
The contract defines a "mention" as either "a verbal usage of the word 'boden' specifically in reference to the cryptocurrency" or "any written usage of the word 'boden' published through Trump's social media or other official communication channels."
His quip didn't fit the bill, and "yes" shares in the contract, which will pay out $1 if he utters the word "Boden" by July 1, were little changed at $0.05 – meaning traders are giving 5% odds that he will say the word.
CORRECTION (May 9, 2024, 02:38 UTC): Corrects fourth paragraph to say that Trump was doing a Q&A with the audience, not a press conference.
Danny Nelson contributed reporting.
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Dogecoin loses $0.13 floor as derivatives positioning signals bigger swings ahead
The $0.13 level is crucial; if Dogecoin can reclaim it, a short-covering bounce is possible, but failure may lead to further declines.
What to know:
- Dogecoin fell below the $0.13 level amid heavy spot selling and increased derivatives activity, indicating traders expect more volatility.
- Futures volume for Dogecoin surged 53,000% to $260 million, reflecting rising volatility expectations despite a weakening spot price.
- The $0.13 level is crucial; if Dogecoin can reclaim it, a short-covering bounce is possible, but failure may lead to further declines.
Top Stories
