How long does it take to create a great disk? BOME’s answer is three days.
Three days after its birth, the market value of BOME has exceeded 1.1 billion US dollars, and the peak was close to 1.5 billion US dollars. Affected by the BOME craze, the number of newly issued memes on the Solana network has surged in the past two days, and the number of active addresses on the Solana network has reached a peak in nearly a month.
BOME's full name is BOOK OF MEME, and its image is a pepe holding a meme book. The founder @Darkfarms1 is a very influential pepe meme artist in the crypto art circle. He donated more than 10,000 SOL in 24 hours, and his grand plan of adding all the raised funds to the pool was praised by the community, and eventually, driven by various factors, it formed an explosive rise.
Who is not an artist? How long does it take for a meme coin to be listed on a top CEX trading platform? Shib took several years, Bonk half a year, Pepe 2 months, WIF 1 month, and BOME broke this record, taking only 3 days to be listed on the first exchange.
The speed at which BOME was listed on the first exchange “overwhelmed” many crypto projects, which had worked hard for several years but still failed to go online, but BOME did it in just three days.
Although BOME was not the first person to pre-sell memes, its success undoubtedly ignited the pre-sale craze. The once popular "Chinese Dog Coin" POGAI began to follow the pre-sale model, and the 24-hour pre-sale event reached the recharge limit in just a few hours.
At the same time, after BOME, the “old artists” in the cryptocurrency circle could no longer sit still overnight and wanted to complete “re-employment” and create a second spring in their careers through similar pre-sale methods.
However, some old KOLs and community members found that some "artists" who had run away in the past also joined in the fun, including Wombat, who was denounced by the community for his "bad record" and for having issued many zero-coins.
Many netizens even played with memes, posting their wallet addresses on social media to imitate the "pre-sale" format, jokingly saying "Who is not an artist?"
At the same time, many projects that were previously RUG PULL have revived on Solana. Take the Stepn clone 5km as an example. This project was launched after Stepn became popular in the last cycle. It was RUG PULL after less than a year of operation and the project was immediately suspended. After its official social media had not been updated for a year, it released the Solana address today (now deleted).
As someone who hasn’t gotten on the BOME train yet, I just want to “go back home and find my mom.” “Can I still get on the train now?” This is the slogan of every bull market.
BOME is an arrow that pierces the clouds. Its growth along the way makes it hard not to think of the original inscription ecology, "If you are prejudiced, let the Bitcoin ecology grow until you have no prejudice."
The same goes for BOME, which has been rising like a rocket. The magnitude and strength of the increase has made many people eager to buy it.
According to the information on the chain, the address with the largest personal holding of BOME bought BOME in batches, and its purchase cost is expected to be in the range of 0.0045 US dollars. Based on the BOME price of 0.02 US dollars, the address is expected to have made a floating profit of about 22 million US dollars. There is also a "get rich myth" in the community that "a 16-year-old college student paid tuition and bought a house by buying BOME."
Those who are making money are numb, while those in the cryptocurrency circle who haven’t gotten on the train are really anxious. There are endless self-deprecating jokes such as "Those who are afraid of heights are miserable people" and "BOME has gone through the lives of Pepe and Shibi in three days."
"To be honest, when I first saw it online, my reaction was Pixiu," some old crypto investors who didn't get on board couldn't help but complain. BOME has been rising all the way, and there was almost no sharp drop before it was listed on the first exchange. At first glance, it does look like a "Pixiu plate."
In sharp contrast to the old hands, the newbies in the cryptocurrency circle don’t know what a “Pi Xiu Plate” is; they only know how to rush.
This may be the biggest difference between new and old investors. Novice investors are often brave and fearless, full of curiosity about the market. However, experienced investors, after experiencing the ups and downs and tests of the market, gradually develop respect and awe for the market. They are more cautious, especially after experiencing the volatility of the bear market, and often withdraw quickly after a small profit.
Therefore, when a new ecosystem emerges, there are often only old investors who miss out, but no new investors. This is also why new investors often have a novice protection period.
However, this time, because BOME has been rising all the way, it has also taught a vivid lesson to many elderly people who are "afraid of heights" that they must learn to chase high prices in a bull market.
After the pullback, how much room does BOME have? From the price, we can see that after listing on Binance, the price of BOME has retreated 50% from its high point, and it is expected to continue to experience a series of pullbacks in the next few days.
We can also see some directions from the dissemination channels of BOME. We can see that BOME has already been popular on Douyin. If there is more continuous exposure, it may attract more people outside the circle in the next stage, just like Dogecoin did before.
The rapid rise of BOME reminded KOL 0xSea of last year’s Silly, which was also born in the Solana ecosystem and received many calls from co-founder Toly. BOME was born at a better time, and its increase is much greater than Silly.
Regarding the future direction of BOME, 0xSea also raised a more profound question: "As a meme coin, what is the inner spiritual core of BOME?" Although it is a bit disappointing to ask this question during a big rise, he believes that this is an extremely important issue for the long-term development of meme coins.
Although BOME has risen very smoothly all the way, if it wants to go further and surpass PEPE, SHIBI or even Dogecoin, it still needs to go through multiple stages, perhaps including deeper crashes and longer wash-out stages.
BOME must also give its own answer as to how it can gain a more lasting community consensus and what spiritual core it can use to sustain its progress.
