$BOME, a memecoin recently launched by renowned Pepe Meme artist Darkfarms, has witnessed a remarkable surge in its price and market capitalization following a significant announcement from Binance.
Today, Binance revealed its plan to list BOOK OF MEME (BOME) and commence spot trading for this cryptocurrency at 12:30 (UTC) on March 16, 2024. This move by Binance is noteworthy as spot listings typically follow futures listings after a considerable delay.
🚨 NEWSFLASH: #Binance Futures Set to Introduce USDⓈ-M BOME [ $BOME ] Perpetual Contract on March 16, 2024, at 12:30 UTC.
Read More → https://t.co/Ng5Jm49izX pic.twitter.com/BowqhMiy8Z
— CoinEcho (@mycoinecho) March 16, 2024
Earlier in the day, Binance Futures had announced the launch of the USDⓈ-M BOME Perpetual Contract, offering up to 50x leverage, also scheduled for 12:30 (UTC) on March 16, 2024.
According to Coinmarketcap’s data, the price of $BOME surged by over 280% today and an astonishing 2623% in the past 7 days, reaching an all-time high of $0.028.
This surge propelled $BOME into the exclusive club of Solana memecoins with a market capitalization surpassing $1 billion, currently standing at $1.37 billion.
Multiple Whales Continues Radical Massive $BOME Accumulation
On-chain reports from Lookonchain revealed significant activity, with a fresh wallet withdrawing 12,721 $SOL ($2.3 million) from Binance and promptly purchasing 314 million $BOME at $0.0074 in the past 24 hours.Â
A fresh wallet withdrew 12,721 $SOL($2.3M) from #Binance and bought 314M $BOME at $0.0074 in the past 30 mins.
Does He know something we don't?🤔https://t.co/cDrm9SOtOB pic.twitter.com/g6GbCbZb1L
— Lookonchain (@lookonchain) March 15, 2024
Another fresh wallet also entered the fray, spending 14,371 $SOL ($2.69 million) to acquire 715 million $BOME just minutes before Binance’s listing announcement.
Notably, a trader capitalized on the frenzy surrounding $BOME, generating a staggering $4.3 million in profit within just two days.
By initially investing 3,505 $SOL ($645,000) to purchase 532.45 million $BOME shortly after trading commenced, the trader sold the entire holding 10 hours ago for 26,933 $SOL ($4.95 million), resulting in an impressive profit of 23,428 $SOL ($4.3 million).
In just 2 days, this guy made $4.3M by trading $BOME!
He spent 3,505 $SOL($645K) to buy 532.45M $BOME 2 hours after $BOME opened trading and sold it all 10 hours ago for 26,933 $SOL($4.95M).
Earn 23,428 $SOL($4.3M) in just 2 days!https://t.co/8DspndzTol pic.twitter.com/3b5Tc8X7I9
— Lookonchain (@lookonchain) March 16, 2024
The surge in $BOME’s value and the flurry of trading activity underscore the growing interest and excitement surrounding this memecoin, fueled by its listing on Binance and the broader market sentiment toward memecoins.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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