Quick Look
- BODEN token experienced a staggering 4,700% increase, trading at $0.05 from an initial $0.002 post-Super Tuesday.
- In contrast, the TRUMP token declined despite Donald Trump’s strong Super Tuesday performance.
- Solana (SOL) showcases robust growth with a 500% increase since October, with recent trading at $129.
- Dogwifhat token’s significant 48% rise contributes to the bullish sentiment surrounding meme coins on the Solana network.
- Market volatility remains high with Bitcoin’s fluctuations and over $1 billion in liquidations.
Following Super Tuesday in the U.S., the Biden-themed BODEN token witnessed a jaw-dropping 4,700% surge, catapulting its trading value to $0.05 from an initial $0.002. This surge led to a broader trend within the meme coin sector. BODEN token marked an 830% increase in six hours and achieved a daily trading volume surpassing $23 million. The phenomenal rise sharply contrasts with the performance of the TRUMP token, which declined to $7.07 after earlier gains. This reflects the mixed reactions to Trump’s Super Tuesday victories in 14 out of 15 states.
Solana Surges 500%, Eyes $150 Milestone
Solana’s blockchain, hosting both BODEN and TRUMP tokens, has shown remarkable growth, with a 500% increase in value since October. Despite a recent 3% pullback, SOL is trading at $129, underpinning strong investor confidence. As the fifth-largest cryptocurrency, Solana boasts a market cap of $57 billion and a 59% increase in 24-hour trading volume, reaching $8.9 billion. Its performance has stabilised with a 12% weekly increase and a 35% monthly surge. It trades between $130 and $142, hinting at a bullish market outlook.
Dogwifhat Jumps 55%, Boosts SOL’s Valuation
Amidst the meme coin frenzy, the Solana-based token Dogwifhat (WIF) recorded a 55% increase within 24 hours, outpacing its peers and significantly contributing to Solana’s market valuation. Technical indicators suggest that SOL pushing past the $130 resistance could herald a move towards $150, with potential sights set on $200. However, a reversal could retrace SOL to $125 or even $110, reflecting the inherent market volatility.
BODEN & TRUMP: A Tale of Meme Coin Mania
The recent surge of BODEN by 1,597% in the last 24 hours, with a trading volume of $34.50 million on decentralised exchanges like Raydium and Orca, highlights the growing interest in meme cryptocurrencies associated with public figures. TRUMP token’s 400% increase over 30 days has paralleled this trend, underscoring the meme coin’s influence on market dynamics. Amidst a surge in meme tokens, BODEN traded at $0.0518 as of 3:00 p.m. ET on March 6, 2024, while TRUMP has seen a 69,850% increase against the U.S. dollar since its debut, reflecting the volatile yet captivating nature of the cryptocurrency market.