During the weekend, people in the cryptocurrency circle were even busier than those working overtime on weekdays. A MEME project called BOME completely confused Web3.0 value investors within three days.
The general story goes like this: On March 14, Pepe Meme artist Darkfarm tweeted that he wanted to raise some funds to launch a project called BOOK OF MEME ($BOME) on the Solana chain.
Darkfarms explained that "BOOK OF MEME" is not just an eye-catching shitcoin, it is a digital magazine that can be updated in real time, a meme production platform with unlimited creativity, and a gallery of endless CC0 meme images with links to all JPEG images that have not yet been minted.
With zero pre-publicity, zero risk investment support, zero airdrop activities, zero token generation activities (TGE), and zero whitelist activities, the market value increased from 2 million US dollars to 1.5 billion US dollars in just three days. What's even more outrageous is that it was listed on a certain exchange for contract trading on Saturday morning and spot trading in the afternoon, becoming the fastest MEME coin to be listed on a certain exchange in history.
The project initiator Darkfarms recently summarized his views in X: Meme is art, art is Meme; Meme is life, life is Meme; Meme is the Internet, the Internet is Meme. He believes that whoever controls Meme controls the universe.
BOME's bold move made many Web3 startup friends sigh that they had worked hard for half their lives, but others had finished it in just three days.
However, at this time, the market began to weaken continuously, making it impossible for the main force to operate even if it wanted to. Therefore, the only way was to smash the market downwards and clean up the market, which led to the clearing of all the profit orders before the listing of a certain security.
Is the hype around BOME over? What to do if you are stuck?
From a technical perspective, we can observe that the most concentrated area of BOME chips is around 0.0108. This shows that in this round of market, the main force is accumulating chips around this position. However, it is worth noting that only when the market stabilizes, if the increase does not reach more than 50%, it is difficult for the main force to make a large profit.
For spot holders, now may be a time to hold with peace of mind. At this time, patience will be the key to victory. Once meme coins start to make markets, their gains will be unpredictable. Therefore, for those investors who have not yet deployed spot, it may be a wise choice to deploy at a low point.
However, investors must remain vigilant about meme coins such as BOME. Although it may bring huge gains, it also comes with huge risks. In the cryptocurrency market, prices fluctuate violently and unpredictable changes may occur in the short term. Therefore, for investors, they should fully consider their risk tolerance and investment goals and treat such investment opportunities rationally.
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