Meme coin sensation Book of Meme (BOME) witnessed an extraordinary 345% surge in value within the past 24 hours, driving its price to $0.02703.
The coin’s trading volume also experienced a remarkable upswing, skyrocketing by 262% to hit $3.8 billion. This surge propelled BOME to the ninth position among the most-traded cryptocurrencies in the current market.
Since its market debut on March 14, BOME has undergone a meteoric ascent from its all-time low of $0.00005848, marking an exponential increase of over 39,000% within just 48 hours.
This surge has catapulted BOME’s market capitalization to a staggering $1.25 billion, enabling it to secure a spot among the top 100 largest coins by market cap and the seventh largest among meme coins.
The circulating supply of BOME stands at 55,199,727,655, against a maximum supply of 68,999,659,569.
Key factors contributing to BOME’s success include its pre-sale, which exceeded community expectations by raising 10,131 Solana (SOL), and its listings on major exchanges such as KuCoin, Gate.io, and Crypto.com. Notably, Binance has also joined the trend, announcing its listing of BOME on March 16.
Binance offers four spot trading pairs for the meme coin, including BOME/BTC, BOME/USDT, BOME/FDUSD, and BOME/TRY.
While some crypto traders celebrate BOME’s market performance, others regret missing out on potentially larger gains. Reports indicate that one investor sold their BOME tokens a day before the significant price surge, missing out on turning their $8,000 investment into nearly $1 million.
Influencer Moataz Elsayed highlights the volatile yet potentially lucrative nature of meme coin investments, observing other traders making astronomical gains.
Behind BOME’s remarkable success is Darkfarms, a pseudonymous art producer who launched the project without anticipating its overwhelming response. The project’s next focus will be on enhancing liquidity and solidifying BOME’s position in the meme coin landscape.
