The Book of Meme (BOME) token, created by Darkfarms—the artist behind Pepe—has skyrocketed 20 times in just three hours. This dramatic surge propelled the meme cryptocurrency's market value to nearly $400 million, capturing significant attention in the crypto community.
The altcoin's presale began on March 13, allowing participants to send unspecified amounts of Solana (SOL) to a designated address. The overwhelming response saw the presale raise 10,131 SOL, far exceeding Darkfarms' initial expectation of 500–600 SOL. This prompted a community vote on how to allocate the presale funds.
Book of Meme: Solana's Meme Coin Takes Flight
After the presale concluded, Darkfarms integrated the raised funds into a liquidity pool, setting BOME’s initial price at $0.0000496. Large buy orders—some as high as **100 SOL—created a highly liquid market**, driving the token’s price to a peak of $0.0012. This surge pushed BOME’s market cap to $375 million, cementing its position as one of the fastest-growing meme coins.
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Several exchanges, including BitMart and HTX, announced plans to list BOME shortly after its price spike. BitMart confirmed its primary listing with an initial trading pair of BOME/USDT, stating:
"BitMart is pleased to announce the primary listing of BOOK OF MEME (BOME) on March 14, 2024… Deposit feature: Available… Trading pair: BOME/USDT."
The Meme Coin Frenzy: Why BOME Stands Out
Book of Meme isn’t just another meme token—it’s a multifaceted project combining:
- An updatable digital magazine
- A meme-creation tool
- A comprehensive meme library storing un-minted JPEGs
Built on Solana, BOME leverages Arweave, IPFS, and inscriptions for cross-chain data storage, positioning itself as a social platform for meme preservation. Future plans include using a single NFT to link all stored content related to a specific meme.
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BOME’s rise aligns with a broader resurgence in meme cryptocurrencies, which recently hit a **$40 billion market cap**. Tokens like **Dogecoin (DOGE), Pepe (PEPE), and Dogwifhat (WIF)** have led the charge, with WIF surging 45% to set a new all-time high of $3.45.
However, Solana’s increased activity has also attracted malicious actors. Security firm BlockAid reported targeted scams exploiting Solana wallet vulnerabilities two months prior.
FAQ: Book of Meme (BOME)
Q: What drives BOME’s value?
A: Its unique utility (meme storage/tools), community hype, and exchange listings fuel demand.
Q: How does BOME differ from other meme coins?
A: Unlike purely speculative tokens, BOME offers a platform for meme creation and archival, adding tangible use cases.
Q: Is BOME a good investment?
A: Meme coins are highly volatile. Research market trends and risks before investing.
Final Thoughts
BOME’s explosive growth highlights the enduring appeal of meme coins—especially those with innovative frameworks. While its long-term viability depends on adoption and utility, its presale success and rapid exchange listings suggest strong early momentum.
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Disclaimer: This content adheres to journalistic integrity standards. Readers should conduct independent research before making financial decisions.