In this rapidly evolving cryptocurrency landscape, the launched “BOOK OF MEME” (BOME) token is gaining massive attention from crypto enthusiasts. Recently, according to a post by an on-chain analytic firm Lookonchain, a trader made $4.3 million by trading BOME meme tokens.
Trader made millions from BOME
According to Lookonchain, this trader initially spent 3,505 SOL worth around $645K and bought 532.45 million of BOME tokens in the presale. As this token opened for trading after 10 hours, this trader sold all his BOME holdings for 26,933 SOL worth around $4.95 million.
With this new Solana-based BOME meme token, this trader made a massive $4.2 million in just 2 days. Additionally, this is not the only trader who made a massive profit in the BOME token; a retailer also made a decent profit of $127K in just 14 hours.
However, since the debut of this token, the price is continuously surging along with its market cap. With its impressive performance, the BOME token has jumped to Rank 138 by market cap in just over 48 hours since its launch. However, BOME has already traded over $1 billion in volume from both CEX and DEX.
What is BOME token?
BOME stands for “Book of Meme” and is based on the Solana network, created by the crypto artist Darkfarms. The main objective of this project is to create a permanent storage library solution for meme coins. However, the BOME project preview was on March 10, 2024, and it was launched on March 12, 2024.
Currently, as of writing, BOME is trading near $0.011, and in the last 24 hours, it experienced a price surge of over 235%. In intraday trading, it also reached a high of over $0.014 and a low of $0.003. However, if we look at its performance following its listing on March 14, 2024, the BOME token was launched and since then it has surged more than 1,230% in upside momentum.
Despite BOME’s solid debut, the overall cryptocurrency market continues to struggle, and the top cryptocurrencies like Bitcoin, Ethereum, Cardano, Dogecoin, and others are continuously falling. Although this might be a price correction or profit booking time before Bitcoin halving.
