A Trader Lost Millions In Jeo Boden (BODEN) Meme Coin Gamble
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 24 2024Trader's Loss on Meme Coin: An anonymous trader lost nearly $8 million after investing in the Joe Biden-themed meme coin, Jeo Boden (BODEN), which has since plummeted by about 99% in value, leaving their investment worth approximately $85,000.
Market Trends and Speculation: While Biden-linked meme coins have declined over 60% since his withdrawal from the presidential race, other meme coins like Mogcoin are surging, leading to speculation about a potential upcoming altcoin season.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
