Book of Meme (BOME), the new Solana-based meme coin, has hit the market explosively. In just 48 hours, BOME’s meteoric rise has captured the attention of the crypto world.
So, here are some events that caused this price explosion.
Book of Memes – New Meme Coin Based on Solana
Book of Meme is reported to be the latest product to enter the meme coin arena launched on the Solana blockchain. BOME is unique because it offers users a mix of meme and trading options, as well as decentralized storage.
The Remarkable Rise of Book of Meme and Why?
Nelly’s meme coin Book of Meme, launched on March 10, 2024, witnessed a notable 420% increase in its value, skyrocketing its price to $0.02255. With a market value of $1,230,304,731, BOME quickly rose to the 81st place on Coinmarketcap in just two days, reaching a billion-dollar market value.
The trading volume of Meme coin BOME increased by 280% in the last 24 hours to $3,448,195,869. Analysts believe that this increase is mainly due to the heated excitement surrounding the meme coin. It is reported that big whale transactions have significantly fueled BOME’s price increase, such as the recent sale of 25,828,310.48 BOME tokens worth $ 335,768.03.
The recently popular meme coin Book of Meme tokens has achieved a successful pre-sale even before its launch. The pre-sale of Book of Memes raised 10,131 SOLs, demonstrating widespread investor interest, particularly from China and the United Kingdom.
We believe that many crypto members who missed the opportunity to profit from the popular dogwifhat meme coin do not want to miss out on another potential meme coin. Thus, FOMO leads to overselling and a 2000% increase.
The second possible reason is Binance and Bybit listing announcements –
Binance and Bybit, two of the most popular crypto exchanges, announced the listing of Book of Meme (BOME) tokens. Binance is expanding investment avenues by allowing futures trading containing BOME. On the other hand, Bybit allows direct token trading by listing BOME on the spot market.
Binance’s listing increases reliability, while Bybit’s spot trading improves liquidity and accessibility.
The price rise of Book of Meme is reported to represent the excitement in the market surrounding the meme coin, reaching $3,448,195,869, an increase of 280% in the last 24 hours. With its unprecedented rise and widespread interest, BOME has firmly established itself as a major player in the market and sparked curiosity and interest among investors worldwide. However, the prices of meme coins are very volatile and may cause loss of your investments, so do your detailed research before making any transaction.
