The satirical Solana-based meme coin Jeo Boden, parodying former U.S. President Joe Biden, jumped 42% in value within 24 hours following public confirmation of his prostate cancer diagnosis. The announcement, made on Sunday by his office, sent trading activity surging as speculators re-entered the volatile token.
According to data from DEXScreener, the token was trading at $0.003578, with a daily volume exceeding $3.7 million.
Sharp Price Moves Triggered by Political Events
WIF has experienced extreme volatility in recent months. After Biden officially announced on July 22 via his X (Twitter) account that he would not seek re-election in 2024, the token plunged over 57% within hours and later crashed by 98.8% from its all-time high of $1.07 (reached on April 11, 2024).
However, following the cancer diagnosis, Jeo Boden saw a brief resurgence. In early Monday trading, its price spiked from below $0.0032 to a session high of approximately $0.0058, representing an 80% intraday gain in less than an hour.
The trading volume also skyrocketed, peaking at over $4 million, up a massive 15,499% compared to the same time last year. Still, the token's market cap remains at $2.5 million, a dramatic drop from its April peak of $648 million — down 25,820%.
After touching the local high, the price dipped below $0.0040 as early buyers took profits. At the time of the latest update, the meme coin was consolidating around $0.003582, hovering near its short-term support of $0.0035.
Biden Withdraws from Election Amid Advanced Prostate Cancer
Biden’s office confirmed that the former president is battling metastatic prostate cancer, which has spread to his bones. The diagnosis came on Friday after he sought medical attention earlier in the week due to worsening urinary issues.
Doctors discovered a suspicious nodule on his prostate, and follow-up tests confirmed a high-grade, aggressive form of cancer with a Gleason score of 9/10.
Biden’s medical team noted the cancer is hormone-sensitive, which could aid in managing pain and limiting progression through targeted therapy. His family is now reviewing treatment options.
Concerns over Biden’s age and mental acuity have circulated throughout his presidency. These intensified after his poor performance in a 2024 debate against Donald Trump and were further amplified by revelations in a newly published book co-authored by CNN's Jake Tapper and Axios journalist Alex Thompson. One anecdote described Biden failing to recognize actor George Clooney at a fundraising event.
World Leaders Show Support
Current U.S. President Donald Trump took to Truth Social to share his message:
“We were saddened to hear of Joe Biden’s diagnosis. Jill and the family have our warmest wishes. We hope for a full and speedy recovery.”
Kamala Harris, who stepped in as the Democratic nominee following Biden’s withdrawal, also expressed support, writing on X.
“Joe is a fighter. I know he’s facing this challenge with the same strength, resilience, and optimism that have defined his leadership.”
UK Prime Minister Keir Starmer joined other global leaders in offering well wishes, saying he was hoping for Biden’s “full and swift recovery.”
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