Jeo Boden (BODEN), the PolitiFi meme coin related to US President Joe Biden, has skyrocketed more than 100% in the past 24 hours. The gains come after Biden appeared in public for the first time since dropping out of the 2024 presidential race.
Meanwhile, as the broader crypto market struggled with downward pressure, investors were taking the opportunity to buy Solciety (SLCTY).
Biden’s public appearance boost BODEN
July had two major political related events in the US. First, former president Donald Trump survived an assassination attempt, then a week later, sitting president Joe Biden announced dropped out of the race for reelection.
Like in the first event around Trump, the price of BODEN dropped. A 60% dip hours after Biden’s announcement had the meme coin reaching lows of $0.008. However, after the president’s public appearance, BODEN spiked sharply to breach $0.028.
Gains saw the meme coin outperform the PolitiFi market, which collectively shed more than 11%. Trump-related tokens also dipped as did Kamala Horris (KAMA), the meme coin that relates to VP Kamala Harris. KAMA skyrocketed as Biden endorsed her for nomination as the Democratic Party’s flag bearer to face Donald Trump.
Where BODEN trades in the coming days remains to be seen. However, the token listed on crypto exchange Kraken recently amid a growing community.
Solana and the meme coin frenzy
Although relatively new, political meme coins have taken 2024 by storm. Many uninspiring tokens will however fade with the evolving political landscape. Yet, what may not be in doubt is the march to the PolitiFi scene’s top seat by the new Solana token Solciety.
Solana itself just received a major bullish projection from asset manager Franklin Templeton.
With Solana showing huge traction in the market, and politics a major catalyst for PolitiFi, Solciety’s blending of the two strengths suggests it’s one of the meme coins to watch.
Why investors see Solciety as a PolitiFi gem
Solciety identifies itself as ‘the political party for degens’. It is a meme coin that gives the nod to “degen democracy.” The project is party-agnostic but packs a serious political satire punch and tops this up with the Meme Campaigner tool that’s already churning viral political memes.
Degens can generate memes with traits around Donald Pump, Badimir Putain or Kim Wrong Un, share them on social media and ride the viral outcome to climb a leaderboard.
Solciety’s tokenomics outlines a 10% supply for SLCTY rewards for top meme creators. This tool has the capacity to grow Solciety globally, with no need to worry about who wins the US presidency or such other political seat.
Investors eyeing this new SOL meme coin have so far positioned with over $1 million in the SLCTY presale. The 15-stage presale is currently edging towards stage six, with SLCTY priced at $0.002289. In the next stage, the price will jump to $0.002357 and continue increasing until the final stage.
Solciety supports various payment options, including ETH, BNB, SOL, USDT and USDC. One can also buy SLCTY on the official presale page via card.
To buy tokens, go to the Solciety website.
