Biden and Trump-Themed Tokens Steal The Spotlight With 10,000% Gains

Ethereum and Solana are rising, and Crypto X is abuzz with talk about all-time highs just around the corner. But that’s not all that’s happening in the crypto space: Goofy politically-themed meme coins are also soaring.

As the U.S. gears up for a rematch election between president Joe Biden and ex-president Donald Trump, meme coins based off the misspellings of the politicians’ names skyrocketed this week. And it’s all happening on Solana. Solana, the blockchain once dubbed the “Ethereum killer,” has become an increasingly popular destination for meme coins this cycle. On Wednesday, Solana-based coins with the misspelled names of the candidates — $DANOLD, $TREMP, and $BODEN — were surging.

So far, $BODEN has led the pump, rising more than 1,000 % on Wednesday, March 6th. Though it has since retraced a bit, it currently leads the politically-themed meme coins with a total market cap of $23.3 million, as per data from Dexscreener. Some hypothesize that the presidential meme coins are a fun way for speculators to bet on who wins the U.S. Presidential election in November. Regardless, the meme coin frenzy around Trump and Biden has inspired other coins based off the misspellings of popular personalities.

Two other recent launches include “Wutalik Butterin” (the creator of Ethereum Vitalik Buterin) and “Wandrew Tate” (the controversial media personality Andrew Tate)