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
Japanese Yen rallies to February 18 high as upbeat wage data and GDP lift BoJ hike betsThe USD/JPY pair declines for the second straight day – also marking the fourth day of a fall in the previous five – and sinks to its lowest level since February 18, around mid-153.00s during the Asian session on Tuesday.
Author  FXStreet
Sep 08, Tue
The USD/JPY pair declines for the second straight day – also marking the fourth day of a fall in the previous five – and sinks to its lowest level since February 18, around mid-153.00s during the Asian session on Tuesday.
placeholder
Gold slumps to near $4,350 amid oil-driven inflation fears, US inflation data in focusGold price (XAU/USD) falls to near $4,350 during the early Asian session on Wednesday. The precious metal faces some selling pressure as rising oil prices fueled inflation ‌concerns and boosted expectations for a rate hike by the Federal Reserve (Fed) in September.
Author  FXStreet
Sep 09, Wed
Gold price (XAU/USD) falls to near $4,350 during the early Asian session on Wednesday. The precious metal faces some selling pressure as rising oil prices fueled inflation ‌concerns and boosted expectations for a rate hike by the Federal Reserve (Fed) in September.
placeholder
US August PPI Preview: Producer Inflation May Reaccelerate, How Will US Stocks, Dollar, and Gold React?The U.S. Bureau of Labor Statistics will release the August Producer Price Index (PPI) at 8:30 a.m. ET on September 10. Against the backdrop of U.S. August non-farm payrolls significantly
Author  TradingKey
Sep 09, Wed
The U.S. Bureau of Labor Statistics will release the August Producer Price Index (PPI) at 8:30 a.m. ET on September 10. Against the backdrop of U.S. August non-farm payrolls significantly
placeholder
Over 140,000 Traders Liquidated as Bitcoin Nears $78,000 in Four-Day Drop, Altcoins Broadly SlumpOver 140,000 traders liquidated in crypto market as BTC drops for fourth straight day to test $78,000 level; altcoins crash.On September 10, the cryptocurrency market experienced a new ro
Author  TradingKey
Yesterday 01: 39
Over 140,000 traders liquidated in crypto market as BTC drops for fourth straight day to test $78,000 level; altcoins crash.On September 10, the cryptocurrency market experienced a new ro
placeholder
Brent holds above $100 as tanker attacks tighten supply — but four forces are capping the rallyBrent crude is holding above $100 a barrel for a second session, its first close above the level since late July, as tanker attacks near the Strait of Hormuz squeeze an already tight physical market. Yet the rally has been gradual: 8.3 mb/d of Gulf output is still shut in, diesel is at a record, and forecasts now range from $74 to $100.
Author  Irene Q.
22 hours ago
Brent crude is holding above $100 a barrel for a second session, its first close above the level since late July, as tanker attacks near the Strait of Hormuz squeeze an already tight physical market. Yet the rally has been gradual: 8.3 mb/d of Gulf output is still shut in, diesel is at a record, and forecasts now range from $74 to $100.
Related Instrument
goTop
quote