Book of Meme (BOME) was all everyone was talking about at the start of the week. This project that works on Solana showed up out of nowhere and instantly caught everyone's attention with a trading volume of up to $1 billion. But, there were signs that something might not be right.
BOME got listed on Binance, HTX, and Bybit super fast, which is odd because it usually takes a long time for new meme coins to get listed.
This raised eyebrows because listings like these typically happen if the project team holds a big portion of the tokens in a digital wallet. This situation sparked speculation about insider wallets controlling most of the BOME supply.
Blockchain data analysis supports these suspicions. A wallet named Sundayfunday.sol that bought 420 SOL during the presale then sold 430 million tokens in seven big transactions when the price was at its peak, making a profit of $3.6 million. As a result, the price of BOME plummeted dramatically.
