- BOME was already valued at over $1 billion by the time this article went to press.
- Binance recently announced its listing of meme coins on their spot and derivatives trading exchange.
Crypto market appetite for meme coins is unquenchable as new kid in the neighborhood has been making heads turn.
BOME’s Boom
The turn of events was sensational. Solana [SOL]-based BOOK OF MEME [BOME] In the last 24 hour, tokens have soared by 322%.
According to reports, the company has also ranked 100th in terms of market capitalization just 48 hours after its launch. CoinGecko.
At the time of publication, it was estimated that this coin had a market value exceeding $1 billion. The trading price for the coin is currently at $0.02202.
Tracking origins and growth
This token is designed by Darkfarms. They also have a similar token that features frogs. Pepe [PEPE]BOME is a token experiment that attempts to merge memes and solutions for decentralized storage.
It is important to note that the word “you” means “you”. pre-sale Airdrops began on March 13th, and users were required to send SOL to an address designated to receive the tokens.
A total of 10,000 SOLs were collected as part the campaign. They were added later to a liquid pool.
BOME demand has steadily increased since then as buyers have placed massive orders. Several prominent crypto exchanges, including Kucoin Bitget and Gate.io listed memecoin.
AMBCrypto analyzed Santiment data and found that trading volume has exploded, reaching nearly $4 billion as of 16th March.
This is the first listing
When the largest stock exchange in the world, BinanceThe announcement was made by listing BOME Spot Trading Pairs
It is interesting that the BOME listing was made on Binance Futures’ derivatives division, just hours before this notification.
Market watchers were intrigued by an investor who made some intriguing moves.
How Much Are 1,10,100 SOLs worth today?
On-chain data tracking system LookonChainThe whale bought 314,000,000 BOME Tokens using 12.7K Sol, which he had withdrawn from Binance hours before Binance made its announcement.
The influence of whales on the marketplace is significant due to their large wallets. It is therefore not surprising that they have access to information which was previously kept secret.
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Source: ambcrypto.com