The massive increase following the pre-sale has placed Book of Meme at the top of today’s trend list, drawing the attention of all cryptocurrency exchanges. Just 48 hours ago, Book of Meme emerged, exerting significant pressure on other meme coins and has already established itself as a formidable competitor. So, what’s happening in BOME after 48 hours?
Book Of Meme Price Analysis
Book of Meme is known as a Solana-based meme coin that hit the market just 48 hours ago, positioned with the aim of redefining the web3 industry and described as an experimental project.
Book of Meme (BOME) experienced a 420% increase in one day, and its market value subsequently rose to $1,230,304,731, securing the 81st spot on Coinmarketcap. Following this, the project received a Binance listing and soared to $0.024. The rise of BOME’s market value from zero to 1 billion happened in a short span of just two days.
The increasing trading volume on the other hand, also helped to understand the excitement this cryptocurrency has created in the market. The volume of transactions in BOME saw a 284% increase in the last 24 hours and was above $3.8 billion at the time of writing.
Comments on BOME
BOME continues to strengthen its position in the crypto market every moment. Just three hours ago, a whale executed a sale of 25,828,310.48 BOME tokens worth $335,768.03. Many such large transactions played a significant role in the price increase of Book of Meme. However, exchange listings are thought to be behind this situation.
It is known that BOME had previously conducted a pre-sale for the token, which met with investors as a significant event. While the team was considering creating a token worth 500-600 SOL, it turned out they ended up with 10,131 SOL. Data shows that BOME particularly attracted the attention of investors from China and the United Kingdom.
Later, BOME integrated the funds obtained from the pre-sale into the liquidity pool and raised the token price to $0.0000496. The token’s high liquidity, following large SOL purchases, increased to $0.0012. This situation helped a market value of $375 million to emerge in the first phase.
Binance and Bybit Listing
BOME managed to attract the attention of the community and the exchange within two days of its launch. Larger exchanges such as Binance and Bybit announced the listing of the Book of Meme token. Binance exchange announced this morning that BOME futures trading would be available, and in the past hours, it released another piece of news, announcing that BOME would also be listed for spot trading, which happened at 15:30 Turkey time.
Following all these listing announcements, Book of Meme showed an increase of over 300%, raising its value to $0.02642. As of the time of writing, BOME is trading at $0.023.
