Book of Meme has skyrocketed by an astonishing 2277.87% in just two days, making it one of today’s hottest trending cryptocurrencies.
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Despite being launched only 48 hours ago, it’s already posing stiff competition for other meme coins. So, what’s causing this surge? Let’s dive into that in this blog.

Introducing Book of Meme: Redefining Web3

A New Solana-Based Meme Coin: Book of Meme emerges as a newly launched meme coin built on the Solana blockchain, touted as an experimental project aiming to reshape the web3 industry. It promises a unique blend of memes, trading, and gambling options, coupled with a decentralized storage solution.

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Remarkable Surge in Value: The native token of Book of Meme, BOME, has seen a remarkable surge, currently valued at $0.02255 following a staggering 420% increase in just a day. This surge catapulted the market value to $1,230,304,731, securing the 81st position on Coinmarketcap. Impressively, BOME achieved the remarkable feat of reaching a billion-dollar market value in just two days.
Exploring the Hype: The surge in trading volume sheds light on the hype surrounding this cryptocurrency. BOME’s trading volume has surged by 280% in the last 24 hours, reaching $3,448,195,869. This surge in value and trading activity highlights the immense interest and excitement surrounding Book of Meme within the crypto market.
BOME’s Impact on the Crypto Market
BOME has made a notable mark in the crypto market, evidenced by recent whale transactions. Just three hours ago, a significant sale of 25,828,310.48 BOME tokens valued at $335,768.03 occurred. Several similar large transactions have contributed significantly to the surge in the price of Book of Meme.

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Prior to its launch, BOME organized a pre-sale of its tokens, which proved to be immensely successful. Initially expecting to collect between 500-600 SOL, the final tally amounted to an impressive 10,131 SOL. This data underscores the attention BOME has garnered from investors, particularly from China and the United Kingdom.

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The funds generated from the pre-sale were integrated into the liquidity pool, leading to a substantial increase in the initial token price to $0.0000496. The token’s high liquidity, coupled with significant SOL orders, further propelled the price to $0.0012. This surge in value enabled the token to achieve a market capitalization of $375 million.
Binance and Bybit Listing Announcement
Community and Exchange Attention:Within just two days of its launch, BOME has managed to capture both community and exchange attention. Major exchanges such as Binance and Bybit have announced the listing of Book of Meme tokens.
Binance’s Approach: While Binance will not permit spot trading of BOME, investors can engage in futures transactions involving the token. This move opens up opportunities for investors to participate in BOME trading through futures contracts on the Binance platform.

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Bybit’s Listing: In contrast, Bybit will list BOME on its spot market. This means that investors will have the option to directly trade BOME tokens on the Bybit exchange’s spot market, providing a different avenue for engagement with the token.
In Summary
In recent days, meme coins have surged to the top of the list of alternative cryptocurrencies, signaling the beginning of what’s being called the “meme season.” Among these, a newcomer called Book of Meme has rapidly gained prominence in the crypto market, boasting an astonishing 2000% increase in value within a remarkably short period.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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The Book of Meme became a hot topic as the price of BOME surged by over 25%, grabbing everyone’s attention. This sudden rise was accompanied by a significant increase in its open interest, sparking even more interest in the cryptocurrency.
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Book of Meme (BOME), a new meme coin on the Solana network, has gained a lot of attention due to its sudden price surge. Today, the price of BOME jumped by more than 25%, attracting a lot of interest from investors. Additionally, the open interest for this Solana meme coin also saw a considerable increase, adding to its growing popularity.

Book of Meme Crypto Sees Dramatic Price Surge and Market Activity
The price of the Book of Meme crypto (BOME) experienced a remarkable surge of over 42%, soaring from a low of $0.0118 to a high of $0.01681 on Friday, March 22. As of the latest update, BOME’s price has risen by 25.06% to $0.01494, with a market cap of $825.06 million. Notably, the 24-hour trading volume for BOME surged by an impressive 100.10% to $1.90 billion.

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Furthermore, the open interest for the Book of Meme surged by 11.76% to $156.16 million, indicating a growing interest among derivatives traders. Additionally, the derivatives volume skyrocketed by an astonishing 111.96% to $3.51 billion.
The surge in BOME’s open interest played a significant role in today’s price surge, alongside the impact of a short squeeze. Coinglass reported approximately $2.54 million in short liquidations over the past 24 hours, with expectations that short traders will repurchase their positions, potentially driving the BOME price even higher before a major correction. Long liquidations were also significant, with nearly $2.30 million recorded for BOME.
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Binance Investigates Book of Meme Amid Allegations
However, despite its surging popularity, the Book of Meme crypto has drawn scrutiny from Binance, the world’s largest cryptocurrency exchange. On March 18, Binance launched an investigation into allegations surrounding the Book of Meme following discussions within the community regarding a “BOME rat warehouse” incident.

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These allegations raised concerns about potential insider trading practices within the project, contributing to the unprecedented volatility in BOME’s price. In response, Binance swiftly initiated an internal inquiry to address the situation. Additionally, Binance announced rewards of up to $5 million for tips related to the BOME insider trading case.
Book of Meme 2.0 (BOME2) Listing on LBank
Book of Meme 2.0 (BOME2) is gearing up for its debut on the renowned crypto exchange LBank. The listing is scheduled for 08:00 a.m. on March 23, 2024 UTC, with trading set to commence promptly. Traders will have the opportunity to engage in BOME2/USDT spot pairs within the MEME Zone, starting from 08:00 on March 23.

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To facilitate the trading frenzy, deposits for BOME2 will open at 06:00 a.m. on March 22, 2024 UTC, providing users with ample time to prepare for the launch. Withdrawals, on the other hand, will be enabled from 06:00 a.m. on March 24, 2024 UTC.
It’s essential for traders to take note of an additional transaction fee of 3%, applied on top of the standard LBank fee, for each transaction. This fee will contribute to supporting the project team, ensuring the sustainability and development of BOME2. As the second iteration of the renowned Book of Meme project, BOME2 offers a second chance for those who missed out on its predecessor.
Also Read:   BTC Price Forecast: Expected Level in 3 Months

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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