Solana meme coins TREMP, BODEN rise after Donald Trump’s pro-crypto stance

Source Fxstreet
  • Solana-based meme coins TREMP and BODEN post nearly 125% and 7% gains on Thursday. 
  • Former US President Donald Trump says his campaign will likely accept crypto donations. 
  • Trump’s pro-crypto stance is likely catalyzing gains in the Solana-based meme coin TREMP, pushing it to $0.7440. 

A Solana-based meme coin Doland Tremp (TREMP) posted over 100% gains on Thursday, before pulling back to $0.6750. The price rally likely occurred after former US President Trump asked pro-crypto voters to vote for him and said his presidential campaign will accept crypto donations. 

TREMP and BODEN soar ahead of US elections

US elections have shifted market participants' focus to Solana-based meme coins Doland Tremp (TREMP) and Jeo Boden (BODEN), two meme coins inspired by the names of the two candidates. The rally happened after several videos of Donald Trump were posted by Frank Degods, an NFT creator and crypto proponent. 

Trump is quoted as saying:

If you can’t, I’ll make sure you can. Can we donate to the Trump campaign using crypto? I believe the answer is yes.

The former US President said that President Joe Biden “doesn’t know” what cryptocurrency is and called crypto market participants to vote for him. “If you like crypto in any form, and it comes in a lot of different forms, if you are in favor of crypto, you better vote for Trump,” he said.

TREMP price is $0.7056 at the time of writing, up over 124% in a day. BODEN price is up 7% on Thursday. TREMP surged to a peak of $0.7440 on Thursday as market participants responded to the former US President’s pro-crypto stance. 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bulls Rout. Bitcoin Slumps Over 16% in a Week to Hit Bottom, Cryptocurrency Market Faces "Serial Liquidations"During the Asian trading session on June 5, Bitcoin extended its recent slump, falling more than 3.5% within 24 hours. It briefly broke below $62,000, hitting a low of $61,100, bringing i
Author  TradingKey
Yesterday 10: 01
During the Asian trading session on June 5, Bitcoin extended its recent slump, falling more than 3.5% within 24 hours. It briefly broke below $62,000, hitting a low of $61,100, bringing i
placeholder
Gold declines below $4,500 on stalled US-Iran ceasefire talks, US NFP data loomsGold price (XAU/USD) edges lower to near $4,470 during the early Asian session on Friday. The precious metal remains volatile amid ongoing geopolitical turmoil. Traders will closely monitor the developments surrounding the US-Iran peace deal and the US May employment report later on Friday. 
Author  FXStreet
Yesterday 01: 25
Gold price (XAU/USD) edges lower to near $4,470 during the early Asian session on Friday. The precious metal remains volatile amid ongoing geopolitical turmoil. Traders will closely monitor the developments surrounding the US-Iran peace deal and the US May employment report later on Friday. 
placeholder
Bitcoin Suffers Year’s Strongest Waterfall-Style Decline. Will It Next Drop to the $60,000 Mark?During the Asian trading session on June 4, Bitcoin continued its multi-day slump, briefly dropping below the $62,000 mark to $61,338. As of press time, Bitcoin was trading at $63,844, wi
Author  TradingKey
Jun 04, Thu
During the Asian trading session on June 4, Bitcoin continued its multi-day slump, briefly dropping below the $62,000 mark to $61,338. As of press time, Bitcoin was trading at $63,844, wi
placeholder
Bitcoin drops below $65K amid reinforced bear market signalsBitcoin (BTC) dipped further below $65,000 on Wednesday, with onchain data from Glassnode signaling a market firmly in a bear phase. The decline has pushed prices back into a key valuation range between the Realized Price and the True Market Mean.
Author  FXStreet
Jun 04, Thu
Bitcoin (BTC) dipped further below $65,000 on Wednesday, with onchain data from Glassnode signaling a market firmly in a bear phase. The decline has pushed prices back into a key valuation range between the Realized Price and the True Market Mean.
placeholder
Forex Today: US Dollar stays resilient ahead of key US dataHere is what you need to know on Wednesday, June 3:
Author  FXStreet
Jun 03, Wed
Here is what you need to know on Wednesday, June 3:
Related Instrument
goTop
quote