BOOK OF MEME (COIN: $BOME), a Solana-based meme-coin, has attracted many crypto investors and traders in the last couple of days due to its price surge. BOME has become one of the top ten meme coins in cryptocurrency in just three days.
Moreover, the token was developed by DarkFarms, who was also the creator of a popular meme coin, PEPE Coin. BOME is an experimental initiative striving to merge memes, decentralized storage solutions, speculative cryptocurrency trading, and gambling into one platform to pioneer a unique web3 experience.
Why BOME Is So Popular
One of the reasons is that it is a Solana-based meme coin, which tends to have the potential to skyrocket like BONK and WIF.
The token was launched on March 14, 2024, and surged significantly. It was launched on the biggest exchange, Binance, which also fueled the price gain. The initial price of the token was $0.0000496 and quickly soared by 1650%, reaching the price of $0.012 just 24 hours after the launch.
BOME market capitalization has surpassed $1 billion, ranking 119 out of all active cryptocurrencies on CoinMarketCap and 7 amongst meme coins.
The token is also available on other big exchanges like KuCoin, MEXC, BitMart, and HTX. This sudden increase in popularity and a big rise in trading activity shows that BOME is gaining a lot of attention in crypto circles. .
The price surge was also supported by significant support from the Sino-British community as it gained popularity there, exceeding DarkFarms’s original forecast of 500 to 600 SOL by a considerable margin; the presale unexpectedly raised 10,131 SOL. Â
The creator Darkfarm said in an X tweet that, “BOOK OF MEME is here to capture the current meme meta, memecoin on most degen chain, data stored on arweave/IPFS/inscriptions, this concept even can be used as social platform with storage across the chains but mainly its a book that i can update and keep adding new memes in new styles that could differ from my main collection here.”
Trader Earned 767 $SOL In 14-hours with $BOME
According to Lookonchain, a trader named Shatter.sol saw a return of 767 $SOL by investing 50 $SOL into BOME tokens in just 14 hours. They stated on their X that, “Invest 50 $SOL and get back 767 $SOL, earn 717 $SOL($123K) in just 14 hours! shatter.sol spent 50 $SOL to join the presale of $BOME and received 170.25M $BOME. Then he sold all 170.25M $BOME for 767 $SOL.”
$BOME Price Performance
At the time of writing, $BOME is trading at $0.01288 at a discount of 52.13% to its ATH of $0.02805. The token is 1314.87% from its launch price but down 26.09% in the past 24 hours as initial investors take profit. The token’s market cap is currently at $705 million, with a 24-hour trading volume of $2.1 billion.
Should You Buy $BOME?
The market cap and volume of the $BOME token have swung significantly in the past 24 hours. As is the case with most meme coins, it is highly volatile. The current volatility is being driven by Whale activity as they seek to cash out their initial gains. However, it has a huge upside potential due to the backing of the massive Solana community, and the name recognition of its founder.Â
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