BODEN Token Up Over 10%, TREMP Gains 5% After Kraken Lists Solana PoliFi Duo

As an experienced analyst, I see Kraken’s announcement as a significant development for the PoliFi tokens BODEN and TREMP. This listing marks the first time these political meme coins are available on a major U.S. exchange, providing greater accessibility to American traders.

Today, Kraken revealed that it has added the PoliFi tokens BODEN and TREMP to its advanced trading platform, Kraken Pro, marking a first for major exchanges in making these tokens accessible to US residents.

For those unfamiliar, PoliFi tokens represent meme coins carrying political undertones, serving as a creative outlet for individuals to showcase their candidate allegiance. The initial PoliFi tokens include MAGA, BODEN, and TREMP, all available on the Solana network. Notably, BODEN and TREMP feature caricatures of politicians inspired by Donald Duck, with an altered demeanor named Doland, adding to their growing popularity.

As an analyst, I’ve observed that U.S residents recently gained access to trade two significant PoliFi tokens on a prominent retail exchange. Previously, these tokens were only accessible on offshore centralized exchanges or decentralized exchanges. Among these options, BODEN seems to be the preferred choice.

Based on information from CoinGecko, the Joe Biden token experienced a surge of more than 13% directly following the listing announcement. Over the past day, this digital asset has seen a growth of 10%, whereas TREMP has only gained 5%.

As a researcher, I’ve observed that according to CoinGecko, the daily trading volume for BODEN is approximately $10 million, while TREMP boasts a slightly higher volume of around $12 million. However, it’s important to note that Kraken, a well-known cryptocurrency exchange, has yet to report its trading volume data for these assets.

As a researcher studying the cryptocurrency market, I’ve observed that the trading volume for some tokens is relatively low compared to the overall market size. For example, Dogewhats experiences trading volumes in the ballpark of $400 million during comparable timeframes.

Among the users on Predictit, a platform accessible to Americans, Trump holds a lead of more than 4 percentage points over Biden. This advantage is greater than the combined poll data assembled by 270 to Win, which currently shows Trump barely in the lead with a margin of less than 1 percentage point.

As a market analysis specialist, I can tell you that while Polymarket, which does not allow participation for US residents, boasts the largest spread between prices, Trump currently holds a significant lead over Biden with a commanding 56% compared to Biden’s 38%.