Meme coin project Book of Memes (BOME) has emerged as the latest bright star of the cryptocurrency market in recent days. After the official announcement this week, BOME attracted a lot of investor interest and gained a market cap of $1 billion within 48 hours of trading.
BOME's sudden appearance can be seen as a ray of hope in the crypto industry last week, when Bitcoin fell by 4%, dropping the first cryptocurrency to around $65,345.14. Meanwhile, Ethereum also fell by 10%, while prominent meme coins Dogecoin and Shiba Inu also recorded losses of 24.23% and 16.69% over the past seven days.
What is a meme book?
Book of Meme was founded by DarkFarms, the creators of another popular meme coin, Pepecoin. BOME serves as an experimental project that aims to incorporate memes, decentralized storage solutions, degen shitcoin trading, and gambling into a single platform to create a new Web3 experience.
Following a successful presale that attracted 10,131 SOL, BOME debuted on the cryptocurrency market on March 14th with an opening price of $0.0000496. Over his next two days, Book of Meme quickly rose to his $0.012 price range and his market cap reached his $1 billion mark.
Due to the sudden listing by Binance, MEMECOIN BOME soared 243% in 24 hours, while other MEMECOINs overall plummeted, with PEPE WIF FLOKI BONK dropping over 10%. BOME's current market value is over USD 1.38 billion, which ranks him 7th among MEMECOIN in terms of market.
— Wu Blockchain (@WuBlockchain) March 16, 2024
Naturally, BOME's rapid rise led to the coin being listed on major crypto platforms such as KuCoin, Gate.io, MEXC, HTX, Crypto.com, and Binance. Notably, BOME's listing on Binance on March 16th saw the token's price rise 243% within a day, giving the meme coin a peak market cap of $1.55 billion.
As with other highly successful meme coins, some investors have benefited the most from BOME's rise. According to LookonChain data, an investor has already sold all 347 million BOME for 34,647 SOL worth $6.58 million, recording a profit of 340x on the pre-sale investment of $102 ($19,000). It became clear. Meanwhile, his largest BOME holding personal address known as sundayfunday.sol currently holds 1.242 billion BOME, which makes him worth $29.8 million.
BOME price overview
At the time of writing, Book of Meme is currently trading at $0.02139, up 58.08% in the last day. Meanwhile, the daily trading volume of this coin increased by 125.05% and its value reached $5.18 billion. BOME's current market capitalization is his $1.18 billion, and the meme coin ranks as his 85th largest cryptocurrency.
BOME trading at $0.020112 on the hourly chart | Source: BOMEUSDT chart on Tradingview.com
Featured image from KuCoin, chart from Tradingview
