Memecoin undertaking Book of Meme (BOME) has emerged as the newest shining star within the crypto market over the previous few days. Following its official launch this week, BOME has attracted a lot investor curiosity, buying a market cap of $1 billion inside 48 hours of buying and selling.
BOME’s sudden emergence will be thought to be a silver lining within the crypto area within the final week amidst Bitcoin’s 4% decline, which resulted within the maiden cryptocurrency falling to round $65,345.14. In the meantime, Ethereum can also be down by 10%, whereas distinguished memecoins Dogecoin and Shiba Inu additionally recorded losses to the tune of 24.23% and 16.69% during the last seven days.
What Is The Book Of Meme?
The Book of Meme was based by DarkFarms, the creator of one other standard memecoin Pepecoin. BOME capabilities as an experimental undertaking aimed toward incorporating memes, decentralized storage options, degen shitcoin buying and selling, and playing on a single platform in a bid to create a novel web3 expertise.
Following a profitable presale that raised 10,131 SOL, BOME debuted within the crypto market on March 14 with an preliminary worth of $0.0000496. Over the following two days, Book of Meme swiftly rose to a worth area of $0.012 whereas reaching a market cap worth of $1 billion.
As a result of sudden itemizing by Binance, MEMECOIN BOME rose sharply by 243% in 24h, however different MEMECOINs usually fell sharply, PEPE WIF FLOKI BONK fell by greater than 10%. The present market worth of BOME has exceeded US$1.38 billion, rating seventh in MEMECOIN when it comes to market…
— Wu Blockchain (@WuBlockchain) March 16, 2024
Unsurprisingly, BOME’s expeditious rise has earned the coin listings on main crypto platforms, together with KuCoin, Gate.io, MEXC, HTX, Crypto.com and Binance. Specifically, BOME’s itemizing on Binance on March 16 is believed to have spurred the token to a 243% worth achieve inside a day, permitting the memecoin to achieve a peak market cap of $1.55 billion.
Similarly with different extremely profitable memecoins, some traders have benefitted essentially the most from BOME’s rise. Data from LookonChain reveals {that a} sure investor already offered all 347 million BOME for 34,647 SOL valued at $6.58 million, recording a 340x achieve on 102 ($19,000) funding on the presale. In the meantime, the biggest BOME holding private handle generally known as sundayfunday.sol at the moment holds 1.242 billion BOME, valued at $29.8 million.
BOME Value Overview
On the time of writing, Book of Meme at the moment trades at $0.02139 with a 58.08% achieve on the final day. In the meantime, the coin’s day by day buying and selling quantity is up by 125.05% and is valued at $5.18 billion. BOME’s present market cap stands at $1.18 billion, permitting the memecoin to rank because the eighty fifth largest cryptocurrency.
BOME buying and selling at $0.020112 on the hourly chart | Supply: BOMEUSDT chart on Tradingview.com
Featured picture from KuCoin, chart from Tradingview
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