Joe Biden Solana memecoin is up 42% after his cancer diagnoses

Former US President Joe Biden’s Solana-based memecoin Jeo Boden has surged 42% in the last 24 hours after his office broke the news of his prostate cancer diagnosis on Sunday. According to market tracker DEXScreener, the token trades at $0.003578, with an intraday volume of $3.7 million.

The satirical nod to US President Joe Biden experienced a sudden price breakout in the early hours of Monday, followed by a price correction after speculative traders rushed in and out of the market. 

Several BODEN holders let go of the coin following the president’s official announcement that he would not seek re-election in the 2024 race. The news, shared via Biden’s X account on July 22, caused the Biden-themed token to nosedive by over 57% in the immediate aftermath, and later on 98.8% from its all-time high of $1.07.

Joe Biden token recovers some losses

Data from DEXScreener shows the token spiked dramatically from under $0.0032 to a session high of approximately $0.0058, an intraday gain of nearly 80% in under an hour.

The rally was accompanied by a surge in trading volume, surpassing $4 million at one point today, 15,499.60% more than its level 12 months ago. Its market cap now stands at $2.5 million, 25,820% below its peak at $648 million on April 11, 2024.

After topping out near its local high, BODEN retraced as early buyers took profits, sending the token tumbling back below the $0.0040 mark. 

As of the latest trading session, the memecoin is hovering around $0.003582, showing signs of stabilization near an intraday support level at $0.0035. Market momentum has cooled, and the token appears to be entering a phase of horizontal consolidation.

Biden cancer forced him to step down in the 2024 elections

Joe Biden’s prostate cancer has metastasized to his bones, according to a statement released by his office on Sunday. The diagnosis was confirmed on Friday after Biden sought medical attention earlier in the week for increasing urinary symptoms. 

Doctors discovered a prostate nodule, and subsequent evaluation revealed a high-grade cancer with a Gleason score of 9 out of 10, which they termed a “fast-growing and aggressive disease.”

Biden’s team told reporters that the cancer is “hormone-sensitive,” which could help the 82-year-old manage the pain and spread through targeted therapies. The former president and his family are currently reviewing treatment options.

As the oldest president in US history, Biden’s physical and cognitive fitness became an issue during his tenure, which naysayers picked up after his faltering debate performance against Donald Trump in June 2024. 

His readiness to serve another term came into question, amplified by subsequent revelations in a new book co-authored by CNN’s Jake Tapper and Axios journalist Alex Thompson.

One anecdote describes a moment at a June 2024 fundraiser where Biden reportedly failed to recognize actor George Clooney.

Trump issues words of encouragement

Sitting US President Donald Trump extended well wishes via Truth Social, writing, “We are saddened to hear about Joe Biden’s recent medical diagnosis. We extend our warmest and best wishes to Jill and the family. We wish Joe a fast and successful recovery.”

Former Vice President Kamala Harris, who took up Biden’s democratic party ticket to vie in the 2024 elections after he stepped down, said she and her husband Doug Emhoff are praying for the Biden family. 

“Joe is a fighter, and I know he will face this challenge with the same strength, resilience, and optimism that have always defined his life and leadership,” she wrote on X.

UK Prime Minister Keir Starmer joined international voices in offering support, wishing Biden’s family “all the very best, and a swift and successful treatment.”

Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More