New 'Politician Meme Coins' Ride Election Hopes and Viral Trends, But Carry High Risks

A new meme coin called "Jeo Boden" (spoofing Joe Biden) is up over 1000% in one day on Solana, sparking a wave of similar "politician" meme coins.

The coin is part of the "Spoderman Politicians" wave inspired by the Spoderman meme character from old Microsoft Paint comics.

Some believe these politician meme coins could become prediction markets for the 2024 US elections.

The trend has extended beyond politicians to coins spoofing other public figures like Vitalik Buterin and Andrew Tate.

As with all meme coins, these are highly volatile and risky - buyers beware.