- Meme coins inspired by Joe Biden (“Jeo Boden”) and Donald Trump (“Doland Tremp”) are surging on the Solana blockchain.
- “Jeo Boden” has the larger market cap and 24-hour trading gains compared to “Doland Tremp”.
- Meme coins have taken off in popularity on Solana lately due to the blockchain’s speed and low transaction costs.
Memecoins inspired by United States President Joe Biden and former President Donald Trump are surging on the Solana blockchain. The Trump-inspired Doland Tremp (TREMP) meme coin is going head-to-head with the Biden-inspired Jeo Boden (BODEN) in terms of Solana trading.
The Race Between BODEN and TREMP
BODEN has the larger market cap and 24-hour gains, with a cap of nearly $473 million as of this writing, with the price up 60% today to nearly $0.069. TREMP meanwhile is trading at a price of $0.083 but has fewer coins in circulation for a market cap of about $83 million. The Trump-themed coin is up about 54% today.
TREMP has seen about $10 million in trading volume over the past day, while BODEN is well ahead with $30 million worth during that span. While Jeo Boden is beating Doland Tremp in the memecoin race as of now, the Tremp faithful remain defiant.
The Appeal of Meme Coins
As their name suggests, meme coins are cryptocurrencies inspired by internet jokes and memes, along with public figures and more. Unlike cryptocurrencies like Ethereum and Bitcoin, meme coins mainly get their value from being linked to events or people in popular culture. They also tend to be highly volatile and many rapidly lose value after they’re launched.
The Future of Meme Coins on Solana
Solana has been the go-to destination for degens looking to gamble on meme coins this cycle, and that doesn’t appear to be slowing down. The newest meme coin meta to hit the chain on Solana has coins named after misspelled politicians names like BODEN, TREMP and DANOLD skyrocketing.
Meme coins have taken off in popularity on the Solana blockchain lately thanks to the speed and low transaction cost, with $1.8 billion in trading volume in the last 24 hours. Solana-based meme coins have a combined market capitalization of $815 billion according to CoinGecko.
