Jeo Boden Price Prediction as On-Chain Data Shows Whales Accumulating BODEN in the Dip – $100 BODEN Possible?

cryptonews.com:

The Jeo Boden (BODEN) price is attempting to recover amid growing chatter that Solana meme coin whales have been accumulating the token in wake of its recent dip.

Jeo Boden the purposefully misspelled meme coin based on US President Joe Biden and was last trading around $0.59.

BODEN fell to $0.42 earlier in the day, taking its losses from recent highs to 60% at the time.

But its recovery from session lows has narrowed its losses from recent highs at $1.06 to under 50%.

Social media chatter about whales stepping in to buy the dip could have helped propel the rebound.

As per on-chain analytics X account @lookonchain, a Solana whale scoped up nearly $300,000 in BODEN. The transaction in question can be seen here.

What did whales buy on #Solana after the market dropped?

We noticed whales bought $SLERF, $BOME and $boden!

4eocFb withdrew 31,916 $SOL($4.56M) from #Kucoin and spent 2,055 $SOL($294K) to buy 500,979 $boden at $0.59.https://t.co/VCPbMHhcHV

9CjKf5 withdrew 15,751 $SOL($2.25M)… pic.twitter.com/xckZB44CWo

— Lookonchain (@lookonchain) April 14, 2024

As per DEXTools, BODEN’s market cap was last around $413 million, with $3.5 million in liquidity.

The token has accumulated an impressive 34,000 holders, with 24-hour trading volumes of around $7 million.

Bulls will be hoping that the Jeo Boden price’s latest bounce confirms that its uptrend remains intact.

Of course, downside risks remain. The broader crypto market remains under pressure as traders weigh up recent negative developments on both the geopolitical and macro fronts.

Tensions between Iran and Israel remain heightened following the former’s attack over the weekend.

Meanwhile, US economic data continues to surprise to the upside, pushing back against Fed rate cut bets.

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