The cryptocurrency market has witnessed yet another sensational debut, with the launch of BOOK OF MEME (BOME), a new Solana-based meme coin. Within a day of its introduction, BOME’s price skyrocketed by an astonishing 5,000%, capturing the attention of investors and enthusiasts alike.
TLDR
- BOOK OF MEME (BOME), a new Solana-based meme coin, experienced a remarkable 5,000% price increase within a day of its launch.
- One trader invested 50 SOL (approximately $8,500) in the BOME presale, received 170.25 million tokens, and sold them for a profit of 717 SOL (approximately $123,000) in just 14 hours.
- Another investor spent 421 SOL (around $72,000) to acquire 1.43 billion BOME tokens during the presale, becoming the largest holder with an unrealized profit of $1.45 million.
- BOME’s rise demonstrates the attraction of meme coins in the cryptocurrency market, similar to the recent successes of other meme coins like WIF, PEPE, and DOGE.
One savvy trader, known as “shatter.sol,” recognized the potential of BOME early on and invested 50 SOL (approximately $8,500) in the presale.
In return, the trader received 170.25 million BOME tokens. As the coin’s value surged, the trader capitalized on the opportunity and sold their entire holdings for 767 SOL, realizing a remarkable profit of 717 SOL (approximately $123,000) in a mere 14 hours.
Invest 50 $SOL and get back 767 $SOL, earn 717 $SOL($123K) in just 14 hours!
shatter.sol spent 50 $SOL to join the presale of $BOME and received 170.25M $BOME.
Then he sold all 170.25M $BOME for 767 $SOL.https://t.co/HU8Or5Eyan pic.twitter.com/odYPc9zDqW
— Lookonchain (@lookonchain) March 14, 2024
Another investor took an even bolder approach, spending 421 SOL (around $72,000) to acquire 1.43 billion BOME tokens during the presale. As BOME’s value soared to $1.5 million, this investor became the largest holder of the meme coin, sitting on an unrealized profit of $1.45 million.
The same investor further increased their exposure to the rapidly appreciating asset by purchasing an additional 128.37 million BOME tokens through another wallet for 231 SOL (approximately $40,000).
BOME’s meteoric rise, which saw a staggering 2,600% increase since its launch, exemplifies the unwavering allure of meme coins in the cryptocurrency market. Similar to the recent successes of other meme coins like WIF, PEPE, and DOGE, BOME’s ascent has captivated investors seeking to capitalize on the unprecedented hype and volatility surrounding these assets.
The explosive start of BOME has not gone unnoticed by industry players, with the popular crypto exchange Bitrue already listing the meme coin on its platform via the trading pair BOME/USDT.
???? New listing $BOME is coming to #Bitrue Spot in the #Meme sector. @Darkfarms1
???? Deposits open now (Solana)
???? BOME/USDT trading: 10:00 UTC, 15 March???? Details: https://t.co/ou3q9WtXNm pic.twitter.com/uZCqAXVjVv
— Bitrue (@BitrueOfficial) March 15, 2024
As more exchanges and investors embrace the token, its valuation may continue to rise in the near future.
While the potential for substantial profits in the meme coin market is undeniable, it is crucial for investors to recognize the inherent risks associated with these volatile meme assets.
