A digital token dedicated to Joe Biden grew by 160,000% in a month

Cryptocurrency analysts say that with the hype around meme coins reaching astronomical levels and the US presidential campaign gaining momentum, it was almost inevitable that the two topics would collide. A recent project by the Solana network SOL $183.12 Solana -0.32% Market capitalization $87.78 billion VOL. 24 hours $0.73 billion has done just that by creating a token called Jeo Boden (BODEN). The token mocks President Biden and hopes to use his persona to attract attention and investors.

However, despite the lack of effort put into creating the project, investors have been actively buying up the token. In early March, BODEN started trading at less than $ 0.0003. Within a month, the virtual coin rose to $ 0.42. This price increase brought a profit of over 160,000%.

According to the CoinMarketCap analytical tracker, at the time of writing, on March 27, Jeo Boden (BODEN) is showing an increase of 18.83% per day and is trading at $ 0.38. The total number of coins circulating on the market amounted to $ 259.34 million. Traders made daily trading deals worth $ 26.81 million.

As a reminder, the crypto wallet of former US President Donald Trump recently reached $ 5 million, all thanks to TRUMP digital tokens. The developers of the crypto project presented the former president with 579,281 tokens.

No Worries strongly advises readers not to invest in dubious crypto projects and digital tokens that are subject to high volatility.