The recent surge in meme coins has reached a new level, with the Solana (SOL) network leading the charge. During the period when Bitcoin prices soared above $70,000, the network first saw incredible rises in the prices of WIF and BONK. The real excitement started at this point. One after another, meme coins emerged and made significant noise in the market. Among them, BOME, which appeared about 3 days ago, attracted all the attention.
Binance Lists BOME
In recent hours, Binance announced it would add Book of Meme (BOME) to its Futures trading and shared the news that it would directly list BOME for trading. Trading for BOME will start on Saturday at 15:30 Turkey time.
The announcement was as follows:
Dear Binancians,
Binance will list Book of Meme (BOME) and open trading for these spot pairs on 2024-03-16 at 12:30 (UTC).
New Spot Trading Pairs: BOME/BTC, BOME/USDT, BOME/FDUSD, and BOME/TRY.
Users can now start depositing BOME in preparation for trading.
Withdrawals will be opened on 2024-03-17 at 12:30 (UTC).
BOME Listing Fee: 0 BNB.
Smart Contract: Solana
BOME and SOL Price Outlook
As the week ends, BOME has caught the attention of the world’s largest exchange by volume. Meanwhile, BOME’s price continued its ascent. In the last 3 days, BOME’s price increased by 1717%, and following the listing news, it quickly rose from $0.014 to $0.017, drawing attention once again before experiencing a rapid pullback.
While all this was happening, the price of Solana (SOL) was also on the rise. SOL’s price increased by 12% in the last 24 hours, reaching $194, which is only 25% below its all-time high (ATH), suggesting that the end for Solana was not as near as some thought.
Solana’s market cap also rose by 12%, reaching $86 billion. However, Solana’s trading volume decreased by 11%, which could indicate that investors have acquired enough SOL and are now turning their attention to meme coins within the ecosystem.
Lastly, according to a report that emerged yesterday, a Turkish user turned 3 SOL worth of BOME purchased in a presale into approximately 180 SOL, though it was unclear whether the user had sold the holdings.
As a cautionary note, it’s important to mention that investors should be aware of the speculative nature of meme coins and exercise caution. With the hype increasing on the Solana network, new meme coins are being introduced every minute, and investors should be vigilant.
