‘Jeo Boden’ Meme Coin Soars 20% After Trump Diss

The memecoin "Jeo Boden" has recently seen a surge in popularity, thanks to a passing comment made by former US President Donald Trump at an NFT event in Florida. Trump's mention of the playful misspelling of President Joe Biden's name caused Boden to spike by 20%.

Opinions within the cryptocurrency community are divided regarding the significance of Trump's remark. While some, like analyst Samantha Wilkins, view any mention from a prominent figure as positive for Boden, others are more cautious. They warn that Boden's value is largely driven by hype rather than utility, making it vulnerable to sudden market fluctuations.

Intriguingly, the prediction platform Polymarket has created a contract based on the likelihood of Trump mentioning Boden again before July. Currently, the contract's "yes" shares are trading at $0.05, indicating an 11% chance of Trump referencing Boden in the near future.

This situation underscores the unpredictable nature of meme coins and their reliance on external factors for price movements. Whether Boden's value will continue to rise or decline remains uncertain, contingent on the actions and words of a former president.

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