Introducing Book Of Meme (BOME), The Latest $1 Billion Crypto Sensation
March 17 2024 - 8:00AM
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Memecoin project Book of Meme (BOME) has emerged as the latest
shining star in the crypto market over the last few days. Following
its official launch this week, BOME has attracted much investor
interest, acquiring a market cap of $1 billion within 48 hours of
trading. BOME’s sudden emergence can be regarded as a silver lining
in the crypto space in the last week amidst Bitcoin’s 4% decline,
which resulted in the maiden cryptocurrency falling to around
$65,345.14. Meanwhile, Ethereum is also down by 10%, while
prominent memecoins Dogecoin and Shiba Inu also recorded losses to
the tune of 24.23% and 16.69% over the last seven days.
Related Reading: Solana’s Biggest Memecoin Gains Over $680,000 In 3
Days As Investors Bet On Its Popularity What Is The Book Of Meme?
The Book of Meme was founded by DarkFarms, the creator of another
popular memecoin Pepecoin. BOME functions as an experimental
project aimed at incorporating memes, decentralized storage
solutions, degen shitcoin trading, and gambling on a single
platform in a bid to create a novel web3 experience.
Following a successful presale that raised 10,131 SOL, BOME debuted
in the crypto market on March 14 with an initial price of
$0.0000496. Over the next two days, Book of Meme swiftly rose to a
price region of $0.012 while achieving a market cap value of $1
billion. Due to the sudden listing by Binance, MEMECOIN BOME
rose sharply by 243% in 24h, but other MEMECOINs generally fell
sharply, PEPE WIF FLOKI BONK fell by more than 10%. The current
market value of BOME has exceeded US$1.38 billion, ranking seventh
in MEMECOIN in terms of market… — Wu Blockchain (@WuBlockchain)
March 16, 2024 Unsurprisingly, BOME’s expeditious rise has earned
the coin listings on major crypto platforms, including KuCoin,
Gate.io, MEXC, HTX, Crypto.com and Binance. In particular, BOME’s
listing on Binance on March 16 is believed to have spurred the
token to a 243% price gain within a day, allowing the memecoin to
gain a peak market cap of $1.55 billion. In a similar fashion
with other highly successful memecoins, some investors have
benefitted the most from BOME’s rise. Data from LookonChain reveals
that a certain investor already sold all 347 million BOME for
34,647 SOL valued at $6.58 million, recording a 340x gain on 102
($19,000) investment at the presale. Meanwhile, the largest BOME
holding personal address known as sundayfunday.sol currently holds
1.242 billion BOME, valued at $29.8 million. Related Reading:
Dogecoin Open Interest Maintains Record Highs, Is A Crash Coming?
BOME Price Overview At the time of writing, Book of Meme currently
trades at $0.02139 with a 58.08% gain on the last day. Meanwhile,
the coin’s daily trading volume is up by 125.05% and is valued at
$5.18 billion. BOME’s current market cap stands at $1.18 billion,
allowing the memecoin to rank as the 85th largest
cryptocurrency. BOME trading at $0.020112 on the hourly chart
| Source: BOMEUSDT chart on Tradingview.com Featured image from
KuCoin, chart from Tradingview
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