Crypto News

$BOME Memecoin Surges After Binance Listing Announcement

$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.

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. 

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).

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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