BOBO Coin (ETH: $BOBO) is a meme coin based on the popular Bobo The Bear meme, which is used to satirize bad investment decisions. It is also an expression of pessimism with the crypto and the traditional financial markets.
Origins Of BOBO
It was launched by rekt_teka$hi, a meme artist who has been creating Bobo The Bear content since it first went viral in 2018. During a recent discussion on the meme coin on X, rekt_teka$hi stated that it is a meme coin for people who like to trade.
The project has continued to flourish since it first went live in May 2023. On Saturday, December 7, 2024, the developer team announced a collaboration with Kreaitor AI to launch a telegram bot. The bot allows anyone to create Bobo the Bear memes.
BOBO Coin Tokenomics
It has a total supply of 69 trillion BOBO, with zero sales tax. The project’s contract has been renounced, and the liquidity burned. Of the total token supply, 8% is reserved for centralized exchange listing, with the rest distributed to the community.
Market Cap Soars
BOBO has experienced an explosion in the past 12 months, rising 2769.5% YTD. In the past week, the token’s price has risen 37.8% to $0.000001687, with a market cap of $111.44 million.
Since its all-time high of $0.000003434 on June 13, 2024, the token has fallen 50.9%. However, it is up 21267% since its all-time low of $0.000000007892, which it hit on Jun 2, 2023. The token is available on Uniswap, Bitget, XT, MEXC, Gate, Ourbit, LBank, and CoinEx. It has a 24-hour trading volume of $4,609,542.
Social Media Following
Since it went live in 2023, BOBO has built up a large following. On X, the project has 81.3K followers, 13,224 members in its Telegram group, and 118 members on Reddit.
Is BOBO A Great Coin To Invest In?
BOBO is a purely a meme coin that satirizes market activity, which is something that many people inside, and outside of the crypto world identify with. Additionally, Bobo The Bear is already quite popular, which has played a role in helping its community grow.
On-chain data shows a high level of activity, with 25,077 holders as of December 12, 2024, and over 453,678 transfers to date. The project has benefited greatly from rekt-teka$hi, who is popular in the meme world for his satirical content. His continued hyping up of BOBO ensures that it will continue holding its value for years to come.
While most meme coins have already hit a new all-time high in the final quarter of 2024, BOBO is still trading at a 50% discount to its last ATH. That signals there is still room for new ATHs. Based on its current performance and the support of a huge online community, adding BOBO now could potentially lead to gains in the coming months.
Click Here For Updates on BOBO – It’s FREE to Sign Up for Text Message Notifications!
Disclaimer: This website provides information about cryptocurrency and stock market investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. This website is for educational and informational purposes only. The owner of this website is not a registered investment advisor and does not offer investment advice. You, the reader / viewer, bear responsibility for your own investment decisions and should seek the advice of a qualified securities professional before making any investment.