Political memecoins on Solana, such as “Doland Tremp” (TREMP) and “Jeo Boden” (BODEN), underscore a new intersection where cryptocurrency meets political satire.
These tokens blend the inherently speculative and volatile nature of memecoins with elements of humor and commentary on political figures, offering a unique lens through which technology and societal discourse converge.
In this guide, we’ll take a look at the hottest political memecoin on Solana, Jeo Boden (BODEN), and explore how you can get in on the action.
Political memecoins
Political memecoins serve as a form of digital protest or support, allowing holders to express their political affiliations or opinions through their investment choices. This blending of finance and personal expression is a hallmark of the digital age, where traditional boundaries between economic and social spheres are increasingly blurred.
Solana, known for its high throughput and low transaction costs, provides an optimal backdrop for the proliferation of political memecoins. That’s because the blockchain’s technical foundation allows for rapid, cost-effective trading—a crucial feature for assets whose value can swing wildly based on social media trends and community sentiment.
Cultural impact and community
Political memecoins, such as Doland Tremp and Jeo Boden, are more than just digital currencies—they’re a reflection of our times, encapsulating the complexities of modern political discourse, community dynamics, and speculative investment culture.
As such, the BODEN community has mostly been focusing on creating memes on 𝕏.
Recently, however, more and more community members have taken to the streets to share Jeo Boden memes at IRL events.
Market performance and milestones
Jeo Boden (BODEN) has exhibited a remarkable market performance and achieved several milestones since its inception:
- Price and trading volume: BODEN continues to see significant price fluctuations and 24-hour trading volumes.
- All-time high: The memecoin reached an all-time high of $0.7 in April 2024.
- Market cap: Although specific market cap data might not always be available due to the volatile nature of memecoins, BODEN is currently hovering around a market cap valuation of ~$450 million, showcasing its considerable growth and investor interest.
Future prospects and challenges
As with any cryptocurrency, particularly memecoins, the future is unpredictable.
Memecoins are notoriously volatile, with their value heavily tied to social media trends and community sentiment.
The challenge for Jeo Boden (BODEN), as with its peers, will be to sustain interest and engagement over time, potentially through utility or partnerships that extend beyond the meme itself.
In this context, the memecoin was recently listed on centralized exchanges such as Phemex and CoinEx—significantly boosting its liquidity.
Additionally, these listings can enhance the memecoin's visibility and credibility among investors, as it passes through more rigorous scrutiny before being accepted.
Having said that, centralized exchange listings can also open up BODEN to a global audience, potentially increasing demand and driving up its value.
Furthermore, being on a major exchange can attract institutional investors, who may have been hesitant to invest in assets not listed on reputable platforms.
Lastly, listings on centralized exchanges often lead to increased media coverage and community interest, which could further elevate Jeo Boden's profile in the cryptocurrency ecosystem and beyond.
How to trade BODEN with Phantom?
Note: You need to hold SOL in your Phantom wallet to complete this process.
After logging-in to your Phantom browser extension or mobile app, select a wallet that holds the tokens you’d like to trade. Next, click on the swap (arrow) icon at the bottom. In the swap widget, select the token pair you’d like to trade, review the order, then submit!
How to set up a Phantom wallet?
If you’d like a friendly multichain wallet for crypto, DeFi, and NFTs, try us out. We offer browser extensions for Firefox, Chrome, Brave, and Edge, as well as apps for iOS and Android.
First, download Phantom. Then, create a new wallet.
If you’d like to fund, or send funds to, your Phantom wallet, you can do so via the “Buy” button on your asset tab. We offer various funding options, such as MoonPay, PayPal, and Robinhood to make it easy for you to fund your wallet.
Once you do that, you're ready to go.
How to bridge tokens to Solana with Phantom?
If this is your first time using Solana, you might have most of your assets on other blockchains, such as Ethereum and Polygon. With our Cross-Chain Swapper, you can bridge tokens across Ethereum, Solana, and Polygon right in your Phantom wallet. Here’s how:
Disclaimer: This guide is strictly for educational purposes only and doesn’t constitute financial or legal advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
