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Book of Meme ($BOME), a memecoin launched about two days ago, gained popularity in a short time and, interestingly, managed to exceed the market value of $ 1 billion.
With this rise, the project was listed first on Bybit and then on the spot market on Binance today.
The altcoin, which was launched as a memecoin project on Solana, introduces itself as follows on its official website:
“Introducing BOOK OF MEME: an experimental project set to redefine web3 culture by bringing together memes, decentralized storage solutions and degen shitcoin trading. This experiment attempts to capture the ever-evolving meme culture into a digital compendium, BOOK OF MEME, and ensure that each piece is immortalized on the blockchain.
“With future expansions to $BOME memecoin Solana and Arweave, IPFS as the primary repository of the Book Of Meme, and Bitcoin inscriptions as forever immutable storage, this initiative aims to foster a new dimension of decentralized social media and make memes unstoppable.”
However, the news was not as positive for other memecoins. PEPE, WIF, FLOKI and BONK experienced a sharp decline during the day, losing more than 10% in value.
$BOME's largest investor in the fundraising phase, known as Sundayfunday.sol, is currently $BOME's largest owner. He had initially invested a total of $SOL 420, equivalent to $67,200. The wallet's current unrealized gain amounts to a staggering $34.56 million, with a return rate of 436x. Interestingly, the wallet has not sold any tokens yet.
According to data from Looksonchain, another participant in the $BOME presale managed to sell all 347 million $BOME for 34,647 $SOL, or $6.58 million. This represents a 340x gain. Participant initially spent only 102 $SOL (approximately $19K) to participate in the presale and airdropped 347 million $BOME.
*This is not investment advice.