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Roger Stone, a seasoned Republican political strategist, lobbyist, and former adviser to Donald Trump’s campaign, has endorsed the meme coin TRUMP on X, sparking a 17% increase in its value amid a wider downturn in the cryptocurrency market. Meanwhile, the meme token BODEN experienced a 9% uptick against the U.S. dollar over the last 24 hours.
The meme coin known as maga (TRUMP) climbed 17% against the dollar on Wednesday, despite the overall crypto market shedding 2.3% of its value. This rise is credited to Roger Stone’s public endorsement of the meme coin on Twitter, where he announced a partnership.
“I wanted the same Memecoin that’s the largest holding in Donald Trump’s crypto wallet,” Stone wrote on X. “That’s why I partnered with @MAGAMemecoin,” he added.
Stone also posted a link to the TRUMP meme coin’s website beneath his tweet and included the hashtag “crypto.” Initially an adviser to Donald Trump‘s 2016 presidential run, Stone and Trump parted ways in 2015 after clashing over campaign strategies. However, Stone remained within Trump’s circle, continuing to offer informal advice.
As TRUMP rose by 17%, another memecoin named after Joe Biden, geo boden (BODEN), saw a 10% increase in the same period. Trump currently possesses $2.9 million in TRUMP meme coins, received through an airdrop gift of 579,290 tokens to his address. Although he has not sold any TRUMP tokens, he has spent ETH from his NFT sales in the past.
