The recent surge of SolanaThe-based memecoin, BOOK OFME (BOME), has caught the attention of investors and traders with its 5000% jump in just one day. The token’s value reached over one billion dollars in just its second day, placing it in the top 100 cryptocurrencies. Its volume has also surpassed $3.5 billion, making it the 5th most popular token.
To add to the excitement, the memecoin’s recent rise of 372% in the last 24 hours has officially propelled it into the top 100 cryptos. This is a remarkable achievement for BOME and a clear indication of its potential in the market.
However, the success of BOME also raises concerns for other top memecoins such as DOGE, SHIB, PEPE, FLOKI, BONK, and WIF. The recent rally of PEPE triggered a surge in mainstream attention, followed by Shiba Inu and Bonk. FlokiDogwifhat (WIF), a newly launched memecoin, has also gained traction and may continue to grow with its listing on popular exchanges.
It’s worth noting that BOME’s price consolidated after Binance announced its listing, a pattern that has been observed with other listed memecoins before. Currently, BOME has fallen by 17% from its previous highs, and it’s expected to remain sideways for some time.
In the world of memecoins, the leaders in the space like Dogecoin, Shiba Inu, PEPE, and Floki are examples of how to get started. However, with the recent surge of BOME, it may soon join their ranks if the bulls continue to show favor towards it. The crypto market is full of surprises, and it’s important to keep an eye out for the next price movement.
