šøš„Introducing Book Of Meme (BOME), The Latest $1 Billion Crypto Sensation
Memecoin project Book of Meme (#BOME ) has emerged as the latest shining star in the crypto market over the last few days. Following its official launch this week, #BOME. has attracted much investor interest, acquiring a market cap of $1 billion within 48 hours of trading.
BOMEās sudden emergence can be regarded as a silver lining in the crypto space in the last week amidst Bitcoinās 4% decline, which resulted in the maiden cryptocurrency falling to around $65,345.14. Meanwhile, Ethereum is also down by 10%, while prominent memecoins Dogecoin and Shiba Inu also recorded losses to the tune of 24.23% and 16.69% over the last seven days.
What Is The Book Of Meme?
The Book of Meme was founded by DarkFarms, the creator of another popular memecoin Pepecoin. BOME functions as an experimental project aimed at incorporating memes, decentralized storage solutions, degen shitcoin trading, and gambling on a single platform in a bid to create a novel web3 experience.
Following a successful presale that raised 10,131 SOL, BOME debuted in the crypto market on March 14 with an initial price of $0.0000496. Over the next two days, Book of Meme swiftly rose to a price region of $0.012 while achieving a market cap value of $1 billion.
Unsurprisingly, BOMEās expeditious rise has earned the coin listings on major crypto platforms, including KuCoin, Gate.io, MEXC, HTX, Crypto.com and Binance. In particular, BOMEās listing on Binance on March 16 is believed to have spurred the token to a 243% price gain within a day, allowing the memecoin to gain a peak market cap of $1.55 billion.
In a similar fashion with other highly successful memecoins, some investors have benefitted the most from BOMEās rise. Data from LookonChain reveals that a certain investor already sold all 347 million BOME for 34,647 SOL valued at $6.58 million, recording a 340x gain on 102 ($19,000) investment at the presale.
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