Memecoin sensation, the Book Of MEME (BOME), built on the Solana blockchain, has taken the crypto market by storm, as its price recorded an astounding surge of over 145% jump overnight and as high as 220% earlier. Meanwhile, there is a flurry of factors that may have contributed to the recent gains in the BOME price. Notably, the sudden spike in BOME’s value can be largely attributed to a groundbreaking announcement from Binance, shaking up the trading landscape for this burgeoning cryptocurrency.

Binance Unveils USDS-M BOME Perpetual Contract

Binance, a leading crypto exchange, has set the stage for a seismic shift in the trading realm with its latest announcement. Notably, the announcement unveils the launch of the USDS-M BOME Perpetual Contract on Binance Futures, boasting leverage of up to 50x. This move not only expands Binance’s trading offerings but also injects fresh momentum into BOME’s price trajectory.

Meanwhile, the newly introduced perpetual contract, scheduled for launch on March 16, 2024, at 12:30 (UTC), underscores Binance’s commitment to empowering traders with diverse opportunities. With BOME USDT Perpetual Contract set as the underlying asset, traders can leverage up to 50 times their initial investment, amplifying potential gains in the burgeoning cryptocurrency market.

In addition, Binance’s announcement comes hot on the heels of Bybit’s revelation of Spot listing for BOME/USDT pairs on its platform. This dual endorsement from major exchanges further bolsters investor confidence in BOME’s potential, setting the stage for further growth in the near term.