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.