Crypto exchange Binance recently launched a Solana-based meme coin. BOME announced that it has launched a detailed investigation into the allegations regarding the incident.
This move comes in response to allegations of insider trading and community controversy. The exchange made an official statement on the X platform by publishing He emphasized his commitment to market fairness and transparency. In this context, he stated that an internal investigation was immediately launched following these allegations.
BinanceAccording to ‘s statement, the investigation stemmed from concerns about potential insider trading related to BOME. The aim was to determine whether any Binance personnel were involved. However, Binance’s preliminary investigation findings reported that the person in question had no involvement with the exchange.
The exchange also invited anyone with information about insider trading or any fraud related to exchange listings to report such incidents. The exchange has pledged to offer rewards of $100,000 to $5 million for verified reports, while protecting the anonymity of whistleblowers.
Additionally, the exchange reiterated its commitment to conducting thorough investigations into allegations of misconduct related to insider trading and stated that it is open to feedback from its user community.
This development comes right after Binance announced its decision to list select spot trading pairs such as BOME/BTC, BOME/USDT, BOME/FDUSD and BOME/TRY starting March 16. In particular, this meme coinSupport for ‘s inclusion on the platform was demonstrated by setting the listing fee at 0 BNB.
Binance also introduced the USDS-M BOME Perpetual Contract with up to 50x leverage options on the Futures platform. Following the listing announcement, BOME’s value increased by 345% to $0.02703 on March 16. Additionally, transaction volume increased by 262% to $3.8 billion. This caused BOME to rank ninth among the most traded cryptocurrencies. Since its launch on March 14, BOME has surged a remarkable 39,000% from its all-time low.
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