BOME - A somewhat awkward star meme coin on Binance

Bome's wash trading situation: After being listed on Binance, it underwent over half a year of wash trading, only dropping by half, and it hasn't really been washed. Just look at how Slerf Rats Sats was washed, dropping directly by ten times, and Ordi also dropped by four times. A coin that doesn't drop much is friendly to retail investors, but not to the big players.

The question arises: why doesn't this coin drop?

In my view, after being listed on Binance, at the bottom, its market cap was 380 million USDT. This indicates that being listed on Binance, with a high-interest meme, it is difficult for the market cap to drop below 300 million USDT, leaving little room for decline.

So, is there accumulation by big players at the bottom for Bome?

I feel there is accumulation, but the volume is not large, only about five times the previous volume; generally, the volume for accumulation at the bottom is more than ten times the previous volume. Because it hasn't dropped much, retail investors don't need to cut losses, so they can't pick up the coins.

So why is Bome currently stuck in a rut?

The wash trading is insufficient; it can't go up or down. Coins listed on Binance don't drop randomly. If it drops too much, someone will seize the chips, and the big players won't have the chance to buy. It's not to say that Bome won't rise; when the market comes, everything will rise. Additionally, Bome's burden is still somewhat heavy. #AVA突破3美元 #SUI再创新高 #VELODROME将上线币安 #币安LaunchpoolVANA #纳斯达克100指数宣布纳入微策略