The price of $BOME dropped significantly after a major holder sold 340 million tokens for $3.6 million. This sale represented a large portion of BOME's total supply. The seller initially acquired 1.43 billion BOME by spending 421 SOL and then sold 190 million BOME for $3.66 million, retaining $26.57 million worth of 1.24 billion $BOME .

This substantial sale likely contributed to the price decline. While the direct consequences of this market crash are not explicitly stated, it appears to have eroded confidence in the market due to disruptions in token supply and demand. Despite this, the coin experienced a spike in the past 24 hours, reaching $0.0198, attributed to factors like being listed on multiple cryptocurrency markets and the availability of perpetual contracts on Binance.

Trading for BOME has shown significant daily volatility, with bulls aiming to push the price above $0.030 and bears potentially causing it to drop below $0.020. With a market capitalization of $1.01 billion, BOME ranks among the top 100 cryptocurrencies.

While details on trading strategies and opportunities for token holders are lacking, there is hope for a possible recovery. #BOME #BOMEmania #bomecoin