[BOME rises to the top 5, leaving DOGE and SHIB behind]
The meme token Bonk of Memes (BOME) has skyrocketed recently, becoming one of the top five rising tokens today, surpassing Dogecoin (DOGE), Shiba Inu Coin (SHIB) and Pepe Coin (PEPE). BOME is currently trading at around $0.01047, up 22.75% in the past 24 hours, with trading volume increasing by more than 150% to $293 million. This shows the market’s attention and investment enthusiasm for BOME.
BOME is now the eighth-largest meme coin by market capitalization, behind only POPCAT, which is seventh. Analyst Clifton FX notes that BOME’s price has broken above the upper boundary of a triangle pattern on the daily chart, setting a near-term price target of 160% growth. CNF has also previously highlighted Yoddha’s bullish analysis, anticipating that BOME may rise after forming an inverted head and shoulders pattern. This prediction has come true and the price of BOME continues to grow.
In March, Binance offered generous rewards to whistleblowers of insider trading and launched an investigation into insider trading triggered by the listing of Book of Memes. Continuous monitoring by major exchanges such as Binance underscores the need for transparency and fairness in the cryptocurrency ecosystem to ensure that these increases are based on legitimate market forces.
