A meme coin, fashioned after U.S. President Joe Biden and humorously dubbed Jeo Boden (BODEN), has experienced a staggering surge of over 70% today, catapulting its market capitalization to a hefty $324 million.

Jeo Boden, residing on the Solana blockchain, serves as a satirical take on Biden's public image and political stances. Sporting a website adorned with caricatures of the U.S. president and employing the Comic Sans font liberally, the coin integrates various memes into its presentation. Notably, it boasts a Trump-inspired counterpart named Doland Tremp (TREMP).

Introduced to the market nearly a month ago, BODEN has witnessed a meteoric rise of nearly 2,000% since its inception, primarily fueled by the fervor surrounding the impending U.S. Presidential election and the pervasive meme coin phenomenon gripping social media platforms.

Similar to its TREMP counterpart, BODEN tends to rally whenever significant developments occur in the U.S. electoral landscape. Today's surge is largely attributed to reports indicating Donald Trump's lead over Joe Biden in six states, as per the latest polling data. It's worth noting that Biden had previously clinched a majority of the swing states during the 2020 election.

In the wake of this revelation, the TREMP meme coin also saw a notable uptick of over 23% today. Market indicators suggest that enthusiasts of meme coins are likely to continue wagering on these tongue-in-cheek tokens until the U.S. election unfolds in November.

With this recent rally, BODEN emerges as the standout performer in the meme coin market, while other leading tokens witness ongoing liquidation.