Book of Meme (BOME), a digital token designed by Darkfarms, the artist responsible for the Pepe meme, has experienced a significant increase in value, multiplying by 20 in a mere three hours. This impressive surge catapulted the token’s market value close to a whopping $400 million.
The pre-sale of BOME launched on the 13th of March. It drew participants who were asked to contribute unspecified amounts of the Solana (SOL) cryptocurrency. Notably, the pre-sale outperformed expectations within the Sino-British community by raising an unexpected 10,131 SOL, far surpassing original hopes of 500 to 600 SOL. This event triggered a community vote on the allocation of the pre-sale’s earnings.
Darkfarms funneled the raised funds into a liquidity pool post-pre-sale, establishing the initial price for BOME at $0.0000496. Larger purchases, particularly those of 100 SOL, catalyzed the formation of a highly liquid market, triggering a price spike to $0.0012, inflating the token’s market capitalization to $375 million.
Several well-known exchanges, like BitMart and HTX, have indicated their plans to list BOME. BitMart confirmed the primary listing of the altcoin, with the premier trading pair being BOME/USDT.
This token is not just a currency but also represents an updatable digital magazine, a tool for creating memes, and an expansive meme library with non-mint JPEGs. Powered by Solana and constructed by the artist behind Pepe, the project relies on Arweave, IPFS, and inscriptions for data storage and serves as a platform for cross-chain storage. Future plans for this project include using a single NFT as a connective link for all content associated with a specific meme.
The rise of BOME corresponds with the overall upswing in the meme coin sector, recently hitting $40 billion in market cap. Other players in the sector, like Dogecoin (DOGE), Pepe (PEPE), and Dogwifhat (WIF), have seen significant growth as well, with WIF jumping 45% to an all-time high of $3.45.1.