BOME - A somewhat awkward star meme coin on Binance

Bome's wash trading situation: After being listed on Binance for more than half a year, it only dropped by half, and there hasn't been much washing at all. Just look at how Slerf Rats Sats is washed, it directly dropped by 10 times, and Ordi also fell by 4 times. A coin that doesn’t drop much is friendly to retail investors but not to big players.

The question arises: why doesn’t this coin drop?

My view is that after being listed on Binance, at the bottom, the market cap was 380 million USD. This indicates that once listed on Binance, a popular meme coin with high heat has a market cap that is hard to fall below 300 million USD. Now, let’s look at Act, which currently has a market cap of around 400 million USD. What does this indicate? There isn’t much room for decline.

So, is there accumulation by big players at the bottom for Bome?

I feel there is accumulation, but the volume isn’t large, only about 5 times the previous volume; generally, the volume for accumulation at the bottom is more than 10 times the previous volume. Because it hasn’t dropped much, retail investors don’t need to cut their losses, so they can’t grab the coins.

So why is Bome currently neither up nor down?

The wash trading isn’t sufficient, so it can’t go up or down. Coins listed on Binance won’t drop randomly. If it drops too much, there will be people snapping up the chips, and it won’t be the turn of the big players to buy. It doesn’t mean that Bome won’t rise; when the market comes, everything will rise. Additionally, Bome's burden is still a bit heavy.

Now, take a look at Dogs, this trash VC coin, actually not many people are optimistic about it, and its burden is lighter later, so it’s estimated that it will be much better when it rises. Dogs clearly has big players and project parties involved. The market cap of Dogs has dropped to a minimum of 260 million, which looks quite good, considering it’s listed on the spot. Overall, I would feel that Dogs scores higher than Bome.

From the analysis of chip structure, I believe BOME is not an exceptionally outstanding coin, but that doesn’t mean it won’t rise later. When big funds come in, it will rise significantly. The inscriptions have been washed thoroughly, yet it still hasn’t risen. We still wait for the favorable wind to come.