The Surprising Binance Listing of Book of Meme (BOME)

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Binance, one of the leading cryptocurrency exchanges, made an unexpected move by listing Book of Meme (BOME) for spot trading on March 16, 2024, at 12:30 (UTC). This action by Binance is notable due to the rarity of spot listings following futures, which typically take longer to materialize. The sudden listing of BOME led to a significant surge in its value, with the MEMECOIN experiencing a remarkable 243% increase in 24 hours.

A Surge in Value

Binance, one of the leading cryptocurrency exchanges, made an unexpected move by listing Book of Meme (BOME) for spot trading on March 16, 2024, at 12:30 (UTC). This action by Binance is notable due to the rarity of spot listings following futures, which typically take longer to materialize. The sudden listing of BOME led to a significant surge in its value, with the MEMECOIN experiencing a remarkable 243% increase in 24 hours. Conversely, other MEMECOINs, such as PEPE, WIF, FLOKI, and BONK, witnessed substantial declines, with drops exceeding 10%.

As a result of this surge, the market capitalization of BOME has surpassed $1.38 billion, securing its position as the seventh-largest MEMECOIN by market value. Notably, the top holder of BOME, identified as sundayfunday.sol, emerged as the largest investor during the fundraising stage, investing a total of 420 SOL ($67,200). The unrealized gain for this investor has soared to $34.56 million, marking an impressive return rate of 436x from the initial investment of 420 SOL to 183,860 SOL. Remarkably, sundayfunday.sol has yet to sell any tokens.

A Cashing Out

Additionally, according to Looksonchain, a participant in the BOME pre-sale capitalized on the surge in value by selling all 347 million BOME tokens for 34,647 SOL ($6.58 million), yielding a staggering gain of 340x. This participant had initially spent only 102 SOL ($19,000) to participate in the pre-sale and subsequently received the airdrop of 347 million BOME tokens.

This sudden listing of BOME on Binance, coupled with the extraordinary gains experienced by investors, underscores the volatile nature of cryptocurrency markets and the potential for big returns. As BOME continues to garner attention within the MEMECOIN ecosystem, its performance will be closely monitored by investors and analysts alike.

Author: Grace

Grace likes gardening. She holds some BTC and ETH.