{"id":20058,"date":"2024-05-09T09:15:32","date_gmt":"2024-05-09T09:15:32","guid":{"rendered":"https:\/\/coinengineer.io\/?p=20058"},"modified":"2024-05-09T06:15:46","modified_gmt":"2024-05-09T06:15:46","slug":"trumps-words-propel-jeo-boden-token-as-cryptocurrency-donation-door-opens","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/trumps-words-propel-jeo-boden-token-as-cryptocurrency-donation-door-opens\/","title":{"rendered":"Trump&#8217;s Words Propel &#8220;Jeo Boden&#8221; Token as Cryptocurrency Donation Door Opens"},"content":{"rendered":"<p>The offhand comment by the former U.S. President Donald Trump about the <strong>&#8220;Jeo Boden&#8221;<\/strong> token\u2014a crypto token created to poke fun at his rival Joe Biden\u2014sparked a frenzy that shook the crypto world. In Trump\u2019s NFT Gala in Palm Beach, Florida, right, Trump disclosed his dissatisfaction with the token that shockingly gained up in value following the comment.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/trumps-words-propel-jeo-boden-token-as-cryptocurrency-donation-door-opens\/#Former_President_Trumps_Remark_Sparks_Surge_in_BODEN_Token\" title=\"Former President Trump&#8217;s Remark Sparks Surge in BODEN Token\">Former President Trump&#8217;s Remark Sparks Surge in BODEN Token<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/trumps-words-propel-jeo-boden-token-as-cryptocurrency-donation-door-opens\/#Trump_Signals_Openness_to_Cryptocurrency_Donations_at_the_Mar-a-Lago_Gala\" title=\"Trump Signals Openness to Cryptocurrency Donations at the Mar-a-Lago Gala\">Trump Signals Openness to Cryptocurrency Donations at the Mar-a-Lago Gala<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Former_President_Trumps_Remark_Sparks_Surge_in_BODEN_Token\"><\/span>Former President Trump&#8217;s Remark Sparks Surge in BODEN Token<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&#8220;I don&#8217;t like this investment,&#8221; he shrugged casually during his spontaneous Q&amp;A section at the gala, where he was publicizing cryptocurrency donations. <strong>BODEN<\/strong>, a cryptocurrency that was mistakenly named after Biden, <strong>gained 25%<\/strong> immediately following Trump&#8217;s accusatory statement buzzing around the room.<\/p>\n<p>The gala, held at Trump&#8217;s Mar-a-Lago estate, was attended by hundreds of guests ready to embark on the soiree of <a href=\"https:\/\/coinengineer.net\/blog\/mev-bots-surge-on-solana-network-as-interest-in-nfts-wanes\/\">NFTs<\/a>. In the midst of talks regarding the digital collectibles featuring his image, the property developer indicated that further information regarding his contributions to cryptocurrency will be shared soon.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trump_Signals_Openness_to_Cryptocurrency_Donations_at_the_Mar-a-Lago_Gala\"><\/span>Trump Signals Openness to Cryptocurrency Donations at the Mar-a-Lago Gala<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>So far, Trump\u2019s presidential campaign is not taking crypto donations, but nonetheless, he is telling his followers that he will follow this route. A response to a question about crypto contributions led Trump to wittily say, <strong>&#8220;If you cannot, do not worry. I will make sure you can!&#8221;<\/strong><\/p>\n<p>The significance of Trump&#8217;s speech transcended the event, reverberating over the cryptocurrency prediction market. Recently on Polymarket, where traders speculate on future events, there was no movement at all with regard to the \u2018Will Trump mention $boden before July?\u2019 contract, despite all the attention that the press gives to the president\u2019s words.<\/p>\n<p>The contract, where a mention is defined as any reference to the cryptocurrency in speech or through official communication channels, has so far been unaltered. Investments in the &#8220;buy yes&#8221; option, which provides payment in the case of &#8220;Boden&#8221; being brought up by Trump as early as July, registered an increase of just 5% (experts estimate its opportunity in the low single-digit).<\/p>\n<p>Although the BODEN token is not by far approved by now President Trump, the rise in its price following his comment is a clear illustration of the volatile nature of memecoins, which can quickly take a ride of even short-lived publicity. There is great interest in Trump&#8217;s changing stances on digital assets&#8217; donations due to the colliding of politics and cryptocurrencies, implying a possible shift in campaign finance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The offhand comment by the former U.S. President Donald Trump about the &#8220;Jeo Boden&#8221; token\u2014a crypto token created to poke fun at his rival Joe Biden\u2014sparked a frenzy that shook the crypto world. In Trump\u2019s NFT Gala in Palm Beach, Florida, right, Trump disclosed his dissatisfaction with the token that shockingly gained up in value<\/p>\n","protected":false},"author":6,"featured_media":20059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-genel"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump&#039;s Words Propel &quot;Jeo Boden&quot; Token as Cryptocurrency Donation Door Opens - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Former President Trump&#039;s critique of a Biden-mocking token triggers surge, hints at crypto donations. Impact echoes in prediction markets. 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