Why did BOOK OF MEME enter the top 100 after being published on Binance
BOOK OF MEME is currently a fever in the market, with huge increases in a few days and especially when listed on the Binance exchange.
The Solana blockchain has become home to many new meme coins and has gained community attention during this bull cycle. Not only does this push up their prices, but the value of SOLs also increases.
The latest craze in the meme coin market is called BOOK OF MEME and was launched earlier this week. It quickly skyrocketed a whopping 2433.48% gain in just a few days and has now entered the top 100 cryptocurrencies by market capitalization after listing on Binance.
Analysts reported earlier that an investor turned 50 SOL into 767 SOL by investing in BOME's presale.
Just a day later, BOME attracted the attention of major cryptocurrency exchanges and the subsequent listing pushed its price to new heights.
In particular, the largest exchange Binanace decided to join the craze by listing four trading pairs starting March 16. With new spot trading pairs: BOME/BTC, BOME/USDT, BOME /FDUSD and BOME/TRY.
Binance has warned its users that BOME is a new token so it will see an increased volatility, especially in the early days of its listing. This has also happened in the last 24 hours and the asset is once again up over 140%.
As a result, BOOK OF MEME now has a market capitalization of over $1.278 billion. This has made it the 85th largest cryptocurrency according to figures from CoinmarketCap, which is an impressive achievement.
