Meme coin sensation Book of Meme (BOME) has increased its value by 345% in the last 24 hours, reaching a price of $0.02703.
The coin’s trading volume increased 262% to $3.8 billion, putting it at number 9 on the list of most traded cryptocurrencies on the market today.
Since its market debut on March 14, BOME has experienced a sharp rise from an all-time low of $0.00005848, jumping more than 39,000% in just 48 hours.
This surge brought BOME’s market capitalization to $1.25 billion, putting it in 7th place among the top 100 coins and meme coins by market capitalization.
The current circulating supply of the coin is 55,199,727,655 and the maximum supply is 68,999,659,569.
According to market observers, key drivers of BOME’s success include a presale that far exceeded community expectations, the raising of 10,131 Solana (SOL), and listings on major exchanges such as KuCoin, Gate.io, and Crypto.com.
Binance also decided to join in and announced that it would list BOME on March 16th.
The cryptocurrency exchange offers four spot trading pairs for MEMCOIN, including BOME/BTC, BOME/USDT, BOME/FDUSD, and BOME/TRY.
The performance of meme coins in the market has delighted some cryptocurrency traders, but others have missed out on an opportunity for an even bigger windfall.
As crypto.news reported, one such investor sold BOME tokens a day before the price surge, which would have turned his $8,000 investment into nearly $1 million.
Meanwhile, influencer Moataz Elsayed claims to have seen other traders make astronomical profits, highlighting the volatile but potentially lucrative nature of investing in meme coins.
Behind BOME’s incredible success is the household name art creator Darkfarms. opinion They started the project without foreseeing the huge response it would get.
According to its creators, the next phase of the project will focus on improving liquidity and securing BOME’s position as the center of the meme coin landscape.