This week, the meme economy on Solana has surged with the rise of memecoins inspired by political and cultural figures. Leading the pack is Jeo Boden ($BODEN), a humorous nod to President Joe Biden, which has skyrocketed nearly 130,000% since its March 4 launch, boasting a market cap exceeding $26.9 million.

Fueling this frenzy, a trader named “barkery” shared a portfolio screenshot showcasing a jaw-dropping profit from $260 to nearly $433,000 with $BODEN, igniting viral attention on X (formerly Twitter) and spawning numerous imitators.

Enter Doland Tremp ($TREMP) and Danold Tromp ($DANOLD), along with a slew of misspelled political figures like Berik Obema and Vlademer Poten, expanding into cultural icons such as Lianel Massi and Wandrew Tate. This trend harkens back to Spoderman, a character from the “Dolan” comic series, popularized in 2012, known for its crude style and letter interpolation.

While initial hype propelled $BODEN, $TREMP, and $DONALD to new heights, their prices have since dipped. The question remains whether these memes can sustain momentum, especially with a looming general election season and the recent departure of Republican primary challenger Nikki Haley. The State of the Union address tonight could serve as a litmus test for their endurance.

As always, investing in memecoins carries substantial risk, given their speculative nature, unverified contracts, and susceptibility to sudden crashes.