The BOME coin ignites optimism with a remarkable price surge of more than 300%.
Following the news of the company’s Perpetual Contracts launch, Binance announces the BOME listing, stoking rumors about potential future pumps.
A robust market uptrend coincides with a rally in the Book of MEME cryptocurrency.
After the Solana-based meme coin BOME saw a roughly 320% rally, Binance, the world’s largest cryptocurrency exchange, recently announced that it would offer the token on its platform. This news quickly gained traction in the global crypto community. A trader’s massive BOME accumulation raised questions about insider information during the release of an eye-catching narrative today. Yesterday, an unidentified address withdrew 314 million BONK. Binance then revealed plans to publish the meme token’s perpetual contract, which its listing would follow.
This reflected the enthusiasm that pervaded the larger cryptocurrency market since this trader is still in a position to make enormous gains. As of press time, the Book Of MEME cryptocurrency is still rising sharply and causing waves in the cryptocurrency space.
Binance Listing Piques Interest
In a statement, Binance said that effective on March 16 at 12:30 UTC, the company would publish a meme token based on Solana and begin trading for particular spot trading pairings. Among these specific spot trading pairs are BOME/TRY, BOME/FDUSD, BOME/USDT, and BOME/BTC. Users can begin preparing for trading by depositing BOME; however, withdrawals for the same will start on March 17 at 12:30 UTC. The CEX indicates a willingness to support the listing of the meme coin based in Solana, as Binance has further placed the listing fee at 0 BNB.
Meanwhile, investors in the cryptocurrency market are closely watching the BOME token and its impending listing, as Binance’s listing history has a significant impact on a token’s price movement. Binance revealed plans to introduce the USDS-M BOME Perpetual Contract on Binance Futures, which will have leverage of up to 50x, earlier today while the prices spiked 200%. When news of this statement and Binance’s impending listing were released, BOME’s price surged by around 320% and attracted interest from all around the world.
In the meanwhile, prices exhibit significant fluctuation when a token is listed on the platform, as demonstrated by Binance’s prior listing sagas, including RONIN and BLUR. Notably, following its launch on Binance, RONIN fell dramatically, while BLUR surged extraordinarily. This sparked a tsunami of conjecture about BOME and its future price movement as Binance’s IPO draws near.
Additionally, the trader’s enormous accumulation of 314 million BOME without any selloffs fuels speculation of additional pumps, potentially aided by insider knowledge.
Binance will list Book of Meme ( $BOME )
This guy really knows something!https://t.co/6EwL4QmG13 pic.twitter.com/POL1chaFwh
— Lookonchain (@lookonchain) March 16, 2024
Price Rallies for BOME
As of this writing, the price of the Book Of MEME cryptocurrency has increased by an astounding 323.62% in the last day and is now trading at $0.01931. With an accumulation of anecdotes impacting BOME’s rise, the meme token presents a positive picture of itself in relation to the larger cryptocurrency market.
Recently, market confidence in BOME received a boost as Bybit, another renowned cryptocurrency exchange, revealed the spot listing for BOME/USDT pairings on its platform. Despite witnessing a broader surge in Solana, the meme token continues to inspire optimism within the cryptocurrency community.
According to Coinglass statistics, a startling 3353.39% increase in the token’s open interest and an 18903.37% increase in volume suggested a significant uptick in the market, helping the BOME token ride a bullish wave.
