Book of Meme has skyrocketed by an astonishing 2277.87% in just two days, making it one of today’s hottest trending cryptocurrencies.
Despite being launched only 48 hours ago, it’s already posing stiff competition for other meme coins. So, what’s causing this surge? Let’s dive into that in this blog.
Introducing Book of Meme: Redefining Web3
A New Solana-Based Meme Coin: Book of Meme emerges as a newly launched meme coin built on the Solana blockchain, touted as an experimental project aiming to reshape the web3 industry. It promises a unique blend of memes, trading, and gambling options, coupled with a decentralized storage solution.
Remarkable Surge in Value: The native token of Book of Meme, BOME, has seen a remarkable surge, currently valued at $0.02255 following a staggering 420% increase in just a day. This surge catapulted the market value to $1,230,304,731, securing the 81st position on Coinmarketcap. Impressively, BOME achieved the remarkable feat of reaching a billion-dollar market value in just two days.
Exploring the Hype: The surge in trading volume sheds light on the hype surrounding this cryptocurrency. BOME’s trading volume has surged by 280% in the last 24 hours, reaching $3,448,195,869. This surge in value and trading activity highlights the immense interest and excitement surrounding Book of Meme within the crypto market.
BOME’s Impact on the Crypto Market
BOME has made a notable mark in the crypto market, evidenced by recent whale transactions. Just three hours ago, a significant sale of 25,828,310.48 BOME tokens valued at $335,768.03 occurred. Several similar large transactions have contributed significantly to the surge in the price of Book of Meme.
Prior to its launch, BOME organized a pre-sale of its tokens, which proved to be immensely successful. Initially expecting to collect between 500-600 SOL, the final tally amounted to an impressive 10,131 SOL. This data underscores the attention BOME has garnered from investors, particularly from China and the United Kingdom.
The funds generated from the pre-sale were integrated into the liquidity pool, leading to a substantial increase in the initial token price to $0.0000496. The token’s high liquidity, coupled with significant SOL orders, further propelled the price to $0.0012. This surge in value enabled the token to achieve a market capitalization of $375 million.
Binance and Bybit Listing Announcement
Community and Exchange Attention:Within just two days of its launch, BOME has managed to capture both community and exchange attention. Major exchanges such as Binance and Bybit have announced the listing of Book of Meme tokens.
Binance’s Approach: While Binance will not permit spot trading of BOME, investors can engage in futures transactions involving the token. This move opens up opportunities for investors to participate in BOME trading through futures contracts on the Binance platform.
Bybit’s Listing: In contrast, Bybit will list BOME on its spot market. This means that investors will have the option to directly trade BOME tokens on the Bybit exchange’s spot market, providing a different avenue for engagement with the token.
In Summary
In recent days, meme coins have surged to the top of the list of alternative cryptocurrencies, signaling the beginning of what’s being called the “meme season.” Among these, a newcomer called Book of Meme has rapidly gained prominence in the crypto market, boasting an astonishing 2000% increase in value within a remarkably short period.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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