Crypto News – Degen tomfoolery, a new wave of Solana-based coins based on shoddily drawn political and celebrity characters, is attracting much interest among Memecoin dealers.
Jeo Boden Crypto’s 4% Surge Can Be Attributed To Investor Interest In Poorly Drawn Meme Coins
Following their launch, newly listed meme coins like Danold Tromp and Jeo Boden, which contain purposefully janky artwork, have increased in value by 59,900% and 174,900%, respectively. Despite the tokens’ lack of a roadmap, public founder, or usefulness, one trader even asserts to have made some significant profits with them.
As of the time of writing, the market capitalization of the Jeo Boden token, which debuted on March 4 with a value of $20,000, had increased to $35 million, a rise of 174,900% in just three days, according to Birdeye. The “Spooderman” meme, a meme style that gained popularity in 2012, seems to be the source of inspiration for memecoin.
An Investor Claims a Huge Profit from Boden Meme Coin
A crypto investor going by the username Barkery claimed in a March 6 X post to have bought 11.73 million tokens of Jeo Boden with the ticker BODEN, which is patterned after a shoddy drawing of US President Joe Biden, and transformed an initial investment of barely $260 into $42,000 in just two days.
Barkery informed their 17,000 followers in a follow-up X post on March 7 that they had sold almost 3 million of the BODEN tokens at the time, but that their assets were now valued at $423,000 overall, a gain of about 165,285%.
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