Meme coin sensation Book of Meme (BOME) has experienced a remarkable surge, with a 345% increase in value in the last 24 hours, reaching $0.02703.

The coin’s trading volume has also seen a significant rise, up by 262% to $3.8 billion, making it one of the most actively traded cryptocurrencies currently.

Since its introduction to the market on March 14, BOME has skyrocketed from its all-time low of $0.00005848, marking an impressive increase of over 39,000% in just 48 hours.

This surge has propelled BOME’s market cap to an impressive $1.25 billion, positioning it among the top 100 coins by market cap and the seventh largest among meme coins.

BOME Price Chart

Source: CoinGecko

JUST IN: $BOME now ranks 91 by market cap

The coin currently has a circulating supply of 55,199,727,655, with a maximum supply of 68,999,659,569.

Key factors contributing to BOME’s success include a successful pre-sale that raised 10,131 Solana (SOL) and listings on major exchanges like KuCoin, Gate.io, and Crypto.com. Binance has also recently announced the listing of BOME.

The crypto exchange is offering four spot trading pairs for the meme coin: BOME/BTC, BOME/USDT, BOME/FDUSD, and BOME/TRY.

While some traders have benefitted from BOME’s performance in the market, others have missed out on significant gains. One investor reportedly sold their BOME tokens a day before the price surge, missing out on nearly $1 million in profits.

Influencer Moataz Elsayed has highlighted the volatile yet potentially lucrative nature of meme coin investments, showcasing traders who have turned substantial profits in a short period.

Behind BOME’s surprising success is Darkfarms, a pseudonymous art producer who claims they launched the project without foreseeing the tremendous response it would garner. The project’s next focus is on enhancing liquidity and solidifying BOME’s position in the meme coin landscape.

For more news and updates on the latest cryptocurrency trends, explore Global Crypto News.

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