A memecoin, BOOK OF MEME (BOME), has just entered the Top 100 most capitalized cryptocurrencies after just 2 days in existence. Launched on the Solana blockchain, BOME has seen its price explode by over 50,000% from launch to today.

BOOK OF MEME (BOME), the new memecoin of the moment

The recent fall in Bitcoin’s price, which sent the overwhelming majority of the Top 100 cryptocurrencies into the red, will have had no impact on the success of memecoins launched on the Solana blockchain.

With Dogwifhat (WIF) at the forefront – a project that will be appearing for a week on the Las Vegas Sphere – countless memecoins are being created daily on Solana, with investors looking to make huge capital gains in record time.

These tokens, which are of no use whatsoever, are purely speculative objects. Naturally, the losses are proportional to the potential gains on this type of altcoin, and many people lose money.

However, some of these altcoins sometimes stand out, as has been the case over the past 2 days with the launch of the BOOK OF MEME (BOME) token, which has performed +58,000% from launch to its highest price, reached today at around 3 p.m.

 

Incredible as it may seem, memecoin has even broken into the Top 100 most capitalized cryptocurrencies. At the time of writing, BOME boasts a market capitalization of $1.5 billion. And this, we remind you, in just 2 days of its existence on the crypto market.

What explains this success?

Unlike the random memecoins launched here and there on Solana, it’s worth pointing out that the BOME was born of a community initiative launched by Darkfarms on X on March 12. Specifically, Darkfarms invited those interested to send SOLs, Solana’s token, to an address in order to benefit from a BOME allocation at launch.

The day after the announcement, while only expecting to receive 500 or 600 SOL, Darkfarmers found itself with over 10,131 SOL on the given address, resulting in a very large distribution. Launched on March 15, the BOME quickly attracted the interest of many investors, causing its share price to rise rapidly and increasing the token’s liquidity.

From its launch to 3pm today, BOME’s share price has risen steadily, with many investors jumping on the bandwagon in a bid to generate substantial gains.

But investors weren’t the only ones keen to capitalize on the memecoin craze. Numerous cryptocurrency exchanges, including BingX, MEXC, Poloniex, HTX and more recently Binance, have announced that they will be listing the BOME. In the case of Binance, BOOK OF MEME is listed on perpetual contracts with leverage up to a multiplier of 50.

How far will the BOME go after such performance? We’ll soon find out.

 

What do you think?