BOME, which created a market value of US$1.5 billion in three days, broke the encryption industry's defenses

Jaleel

24-03-18 13:30

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How long does it take to create a god plate? BOME’s answer is three days.

Three days after its birth, BOME’s market value has exceeded US$1.1 billion, reaching a peak of nearly US$1.5 billion. Affected by the BOME craze, the number of newly released memes on the Solana network has surged in the past two days, and the number of active addresses on the Solana network has reached a peak in nearly a month.

BOME’s full name is BOOK OF MEME, and its image is a pepe holding a meme book. The founder @Darkfarms1 is a very influential pepe meme art in the crypto art circle. Donations exceeded 10,000 SOL in 24 hours, and his overall pattern of adding all the raised funds to the pool aroused praise from the community. In the end, various factors Driven by the explosive rise.

Who is not an artist yet? Already?

How long does it take for a meme coin to be listed on a top CEX trading platform? It took several years for Shib, half a year for Bonk, two months for Pepe, and one month for WIF. BOME broke this record and was listed on Binance in only 3 days.

The rapid speed of Binance on BOME This has caused many encryption projects to "break their defenses". After several years of hard work, they have not yet been able to get listed on the exchange, but BOME did it in three days.

Although BOME is not the first person to pre-sell meme, BOME’s success has undoubtedly ignited the pre-sale craze. POGAI, the once popular "Chinese Dogecoin", began to imitate the pre-sale model. The 24-hour pre-sale activity reached the top-up limit in just a few hours.

At the same time, after BOME, the "old artists" in the currency circle couldn't sit still overnight, and wanted to complete " Re-employment" and create a second spring for your career.

Some old KOLs and communities However, members discovered that some "artists" who had run away from home also came to join in the fun, including Wombat, who was criticized by the community for his "bad record" and had been issued a lot of zero coins.

Many netizens are even more playful, putting their wallet addresses on social media to imitate the "pre-sale" form, jokingly saying, "Who is not an artist anymore? ”

At the same time, many previous RUG PULL projects have also emerged on solana. Take the Stepn imitation disk 5km as an example. This project was launched in the last cycle after Stepn became popular. It was RUG PULL after less than a year of operation, and the project was immediately shut down. After its official social media has not been updated for a year, Solana's address was released today (it has been deleted).

I didn’t get on the BOME bus, so I just wanted to “back home and find my mom”

"Can I still get on the bus now?" This is the slogan of every bull market.

BOME A Cloud-Piercing Arrow, the growth along the way makes it hard not to think of the original inscription ecology, "If you are biased, let Bit The currency ecology will grow until you have no prejudice.”

The same goes for BOME, which has skyrocketed all the way up. The magnitude and intensity of the increase have convinced many people to jump a bit after seeing it,

On-chain information shows that the address with the largest personal position in BOME bought BOME in batches. The purchase cost is expected to be in the range of US$0.0045. Calculated based on BOME US$0.02, the address is expected to have made a floating profit of approximately US$22 million. There is also the "myth of sudden wealth" in the community that "a 16-year-old college student paid tuition and bought a house by buying BOME".

People who make money are numb, but people in the currency circle who are not on the bus are really anxious. "Those who are afraid of heights are poor people", "BOME "I have completed the life of Pepe and Shibi in three days" and other self-deprecating jokes.

"To be honest, when I saw the line for the first time, my reaction was Pixiu." Some old leeks in the currency circle who had not gotten on the bus couldn't help but complain. . BOME has been rising all the way, and there was almost no significant decline before being listed on Binance. At first glance, it does look like a "Pixiu plate".

Stands sharply with old leeks In contrast, novices in the currency circle do not know what "Pixiu Pan" is, they only know how to trade.

This may be the biggest difference between the old and new leeks. Novice investors are often fearless and curious about the market. However, experienced investors have gradually developed respect and awe for the market after experiencing the ups and downs and tests of the market. They are more cautious, especially after experiencing the volatility of a bear market, and often retreat quickly after making small profits.

Therefore, after the emergence of a new ecology, there are often only old leeks that have gone out of business, but no new leeks that have gone out of business. This is why new leeks often have a novice protection period.

However, because BOME has been rising this time, it has also taught many old people who are "fearful of heights" a vivid lesson. They must learn to chase highs in the bull market. .

After experiencing the correction, how much space does BOME still have?

From the price, we can see that the price of BOME has retraced 50% from its high point after being listed on Binance. It is expected that it will continue to experience a series of changes in the next few days. callback.

What stage has BOME reached now? We can also see some directions from the communication channels. It can be seen that BOME is already out of the circle on Douyin. If there is more continuous exposure, the next stage may attract more outsiders like the previous Dogecoin.

BOME’s rapid popularity , let KOL 0xSea think of Silly last year, which was also born in the Solana ecosystem and was co-founded Toly's many calls on the platform. BOME was born at a better time, and its growth rate is much greater than that of Silly.

For the future direction of BOME, 0xSea also raised a more profound question: "As a meme coin, what is the inner spiritual core of BOME?" Although it is a bit disappointing to ask this question during a surge, he believes that this This is an extremely important issue for the long-term development of meme coin.

Although BOME’s rise has been very smooth, it still needs to go through multiple stages if it wants to go further than PEPE, SHIBI or even Dogecoin. , and may also include a deeper smashing and longer washing phase.

As for how it can gain a more lasting community consensus and what kind of spiritual core it can use to support its progress, BOME must also give its own answer.

BlockBeats would like to remind readers that meme coins are highly volatile and be careful to screen for risks.