Book of Meme Surged 2000% In 48 Hrs; What’s Happening?

A 2277.87% hike has pushed Book of Meme into the list of trending cryptocurrencies today. Being launched just 48 hours ago, Book of Meme has already set a tough competition for the rest of the meme coins. So what’s happening? Let’s get into that with this blog.

Book Of Meme Price Analysis

Book of Meme is a newly launched Solana-based meme coin, said to be an experimental project to redefine the web3 industry. It aims to provide a mixture of memes, trading, and gambling options with a decentralized storage solution.

Book of Meme’s native token BOME is currently valued at $0.02255 after a 420% surge in a day, causing the market to jump to $1,230,304,731 and an 81st number position on the Coinmarketcap. It took BOME just two days to go from 0 to 1 Billion in market value.

The increased trading volume has made it easy to understand the hype of this crypto in the market. BOME’s trading volume is currently at $3,448,195,869 after a 280% surge in 24 hours.

Why Book of Meme Surge?

BOME has succeeded in marking its presence in the crypto market. Just three hours ago, a whale sold 25,828,310.48 BOME tokens worth $335,768.03. Many similar large transactions have played a significant role in the increased Book of Meme price surge. But there’s more behind this, including the presale activities and exchange listings.

Success At The Presale

BOME had organized a pre-sale of the token earlier, which became a massive hit. The team expected a collection of 500-600 SOL, but the final calculation came out to be 10,131 SOL. The data indicates that BOME has gained the investor’s attention, especially from China and the United Kingdom.

Later, the BOME pre-sale funds integrated into the liquidity pool, pumping the initial token price to $0.0000496.  The high liquidity of the token, further pushed the price to $0.0012, which was created because of the huge SOL orders.  This helped the token to gain a market cap of $375 Million.

Binance and Bybit Listing

Within two days of launch, BOME has succeeded in getting the community and exchange attention. The bigger exchanges like Binance and Bybit have announced the Book of Meme tokens listing. Though the Binance exchange won’t allow the spot trading of BOME, investors can do it through future transactions. Whereas, in the case of Bybit exchange, it will list BOME in the spot market.

Soon after the listing announcement, Book of Meme had surged above 300%, bringing the value to $0.02255.

Conclusion

In the last few days, meme coins have grown highest in the list of altcoins, indicating the start of meme season. A new meme coin called Book of Meme has taken over the crypto market with an impressive jump of 2000% in such a short span.

Learn More About Why the Crypto Market Crashed Before.