Solana Memecoin Skyrockets with Binance Perpetual Futures Launch
A Solana (SOL) memecoin, recently launched and named Book of Meme (BOME). Swiftly surged to a remarkable $1.1 billion market capitalization within 48 hours of being listed on Binance, the world’s largest cryptocurrency exchange.
Binance’s announcement of launching perpetual futures for BOME propelled its value from $0.0077 to $0.0268 in just a few hours, marking an astounding 250% rally. Despite a subsequent retracement. BOME currently trades at $0.0186 with a market cap of $1.037 billion and a fully diluted valuation of $1.297 billion. Notably, an unknown wallet withdrew $2.3 million. Worth of Solana to purchase BOME shortly before the Binance listing, leading to speculation and intrigue within the crypto community.
Moreover, Kucoin, recognized for discovering “altcoin gems,”. Also joined the BOME craze by announcing support for the memecoin on its spot trading platform, offering users the BOME/USDT trading pair.
Clever Robot News Desk 18th March 2024
