Solana Meme Coin BOOK OF MEME (BOME) Price Skyrockets Amid Major Exchange Listing and Whale Activity

CoinGecko, a leading cryptocurrency data aggregator, reported a significant surge in the market cap of Book of Meme (BOME), a meme-inspired cryptocurrency on the Solana network. Within 48 hours since its launch, BOME soared to rank 138 by market capitalization, having already traded over $1 billion in volume across centralized and decentralized exchanges.

This meteoric rise didn’t go unnoticed by blockchain analytics firm Lookonchain. They highlighted a significant transaction involving the withdrawal of 12,721 SOL (approximately $2.3 million) from Binance, subsequently used to purchase 314 million BOME tokens at $0.0074 within a 30-minute window. This substantial investment prompted speculation that the buyer might possess insider knowledge about an imminent Binance listing.

Binance Confirms BOME Listing

Fueling the speculation, Binance, the world’s largest cryptocurrency exchange, officially announced its decision to list BOME. Consequently, trading pairs for BOME/BTC, BOME/USDT, BOME/FDUSD, and BOME/TRY were introduced, enabling traders to engage with the meme-inspired token.

Additionally, BNB Swap, a decentralized exchange built on the Binance Smart Chain, corroborated the listing, describing BOME as an experimental project aimed at redefining Web3 culture by amalgamating memes and other innovative concepts.

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BOME Price Surge

The excitement surrounding BOME’s listing on Binance has been further amplified by its noteworthy  price performance. According to the latest data from CoinGecko, the price of BOME has skyrocketed by 293.54% in the last 24 hours, trading at $0.01907 at the time of writing.

While the meme-inspired nature of BOME has undoubtedly contributed to its rapid ascent, the potential for a Binance listing has undoubtedly played a pivotal role in fueling investor enthusiasm and driving up the token’s value.

As the crypto community eagerly awaits further developments, the extraordinary rise of BOME serves as a testament to the increasing influence of meme culture and the power of speculation in shaping the ever-evolving cryptocurrency landscape.

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Samuel Munene
Samuel Munene

Samuel is a vesatile and seasoned content editor with a sharp eye for detail and a passion for writing. Web3 techonology is the future! With massive experience in the publishing industry, I specialize in refining and enhancing written material to ensure clarity, coherence, and engaging narratives.