Three days after its launch, BOME's market capitalization surpassed US$1.1 billion, hitting a high of approximately $1.5 billion. As a result of the BOME mania, the number of freshly published memes on the Solana network has increased in the last two days, and the number of active addresses on the Solana network has reached its highest point in over a month.
BOME, and its image is of Pepe clutching a meme book. The originator, @Darkfarms1, is a highly influential pepe meme artist in the crypto art community. Donations exceeded 10,000 SOL in 24 hours, and his entire strategy of adding all raised funds to the pool drew accolades from the community. Finally, a variety of reasons have contributed to the exponential rise.
How long does it take for a meme coin to be listed on a big CEX trading platform? Shib took a few years, Bonk a half-year, Pepe two months, and WIF one month. However, BOME broke the record and was listed on Binance in just three days.
Binance’s quick speed on BOME This has prompted numerous encryption efforts to “break their defenses”. After several years of hard work, they had yet to be listed on the exchange, but BOME did so in three days.
Although BOME was not the first to presale memes, BOME’s success has likely fueled the presale frenzy. POGAI, the once-popular “Chinese Dogecoin”, started to emulate the presale strategy. The 24-hour presale activity quickly exceeded the top-up restriction.
Based on the pricing, we can observe that BOME has retraced 50% of its high point since being posted on Binance. It is anticipated to undergo further adjustments in the coming days.
What stage has BOME reached currently? We can also see some directions through the communication channels. BOME has already left the Douyin circle. If there is more consistent exposure, the following stage may draw more outsiders, similar to the previous Dogecoin. BOME’s increasing success prompted KOL 0xSea to consider Silly last year, which was also born in the Solana ecosystem and was co-founded by Toly’s frequent calls on the platform. BOME was born at a better period, and its growth rate is far faster than that of Silly.
For the future of BOME, 0xSea posed a more profound question, “As a meme coin, what is the inner spiritual core of BOME?” Although it is sad to ask this topic during a boom, he believes it is a critical issue for meme coin’s long-term development.
Although BOME’s development has been rather smooth, it will still need to go through several stages if it is to surpass PEPE, SHIBI, or even Dogecoin, which may entail a deeper smashing and longer washing phase.
BOME must also provide an answer to how it can achieve long-term community consensus and what type of spiritual core it can use to support its progress. BlockBeats would like to remind readers that meme currencies are highly volatile, so be cautious when screening for dangers.
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