Memecoin undertaking Book of Meme (BOME) has emerged as the newest shining megastar within the crypto marketplace over the previous few days. Following its reputable release this week, BOME has attracted a lot investor passion, obtaining a marketplace cap of $1 billion inside of 48 hours of buying and selling.

BOME’s surprising emergence may also be considered a silver lining within the crypto house within the closing week amidst Bitcoin’s 4% decline, which resulted within the maiden cryptocurrency falling to round $65,345.14. Meanwhile, Ethereum could also be down by means of 10%, whilst distinguished memecoins Dogecoin and Shiba Inu additionally recorded losses to the song of 24.23% and 16.69% over the past seven days. 

What Is The Book Of Meme?

The Book of Meme used to be based by means of DarkFarms, the author of every other widespread memecoin Pepecoin. BOME purposes as an experimental undertaking geared toward incorporating memes, decentralized garage answers, degen shitcoin buying and selling, and playing on a unmarried platform in a bid to create a unique web3 enjoy. 

Following a a hit presale that raised 10,131 SOL, BOME debuted within the crypto marketplace on March 14 with an preliminary value of $0.0000496. Over the following two days, Book of Meme hastily rose to a value area of $0.012 whilst attaining a marketplace cap worth of $1 billion. 

Due to the surprising record by means of Binance, MEMECOIN BOME rose sharply by means of 243% in 24h, however different MEMECOINs in most cases fell sharply, PEPE WIF FLOKI BONK fell by means of greater than 10%. The present marketplace worth of BOME has exceeded US$1.38 billion, score 7th in MEMECOIN with regards to marketplace…

— Wu Blockchain (@WuBlockchain) March 16, 2024

Unsurprisingly, BOME’s expeditious upward thrust has earned the coin listings on main crypto platforms, together with KuCoin, Gate.io, MEXC, HTX, Crypto.com and Binance. In explicit, BOME’s record on Binance on March 16 is assumed to have spurred the token to a 243% value achieve inside of an afternoon, permitting the memecoin to achieve a height marketplace cap of $1.55 billion. 

In a identical model with different extremely a hit memecoins, some traders have benefitted essentially the most from BOME’s upward thrust. Data from LookonChain finds {that a} sure investor already bought all 347 million BOME for 34,647 SOL valued at $6.58 million, recording a 340x achieve on 102 ($19,000) funding on the presale. Meanwhile, the most important BOME retaining private deal with referred to as sundayfunday.sol these days holds 1.242 billion BOME, valued at $29.8 million. 

BOME Price Overview

At the time of writing, Book of Meme these days trades at $0.02139 with a 58.08% achieve at the closing day. Meanwhile, the coin’s day-to-day buying and selling quantity is up by means of 125.05% and is valued at $5.18 billion. BOME’s present marketplace cap stands at $1.18 billion, permitting the memecoin to rank because the eighty fifth greatest cryptocurrency. 

BOME buying and selling at $0.020112 at the hourly chart | Source: BOMEUSDT chart on Tradingview.com

Featured symbol from KuCoin, chart from Tradingview

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