The Book Of MEME crypto, a meme coin constructed on the Solana blockchain, has taken the crypto market by storm, because the BOME worth witnessed an astounding surge of over 220% in its worth. Meanwhile, there’s a flurry of things which will have contributed to the latest features within the BOME worth. Notably, the sudden spike in BOME’s worth will be largely attributed to a groundbreaking announcement from Binance, shaking up the buying and selling panorama for this burgeoning cryptocurrency.
Binance Unveils USDS-M BOME Perpetual Contract
Binance, a number one crypto exchange, has set the stage for a seismic shift within the buying and selling realm with its newest announcement. Notably, the announcement unveils the launch of the USDS-M BOME Perpetual Contract on Binance Futures, boasting leverage of as much as 50x. This transfer not solely expands Binance’s buying and selling choices but in addition injects contemporary momentum into BOME’s worth trajectory.
Meanwhile, the newly launched perpetual contract, scheduled for launch on March 16, 2024, at 12:30 (UTC), underscores Binance’s dedication to empowering merchants with various alternatives. With BOME USDT Perpetual Contract set because the underlying asset, merchants can leverage as much as 50 instances their preliminary funding, amplifying potential features within the burgeoning cryptocurrency market.
In addition, Binance’s announcement comes sizzling on the heels of Bybit’s revelation of Spot itemizing for BOME/USDT pairs on its platform. This twin endorsement from main exchanges additional bolsters investor confidence in BOME’s potential, setting the stage for additional progress within the close to time period.
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Solana Surge & Whale Activity Sparks Discussions
The meteoric rise of BOME’s worth finds extra assist within the broader uptrend witnessed in Solana’s ecosystem. Solana-based altcoins, together with BOME, have garnered vital consideration from traders, fueled by the latest worth surge of Solana and associated initiatives like Jupiter (JUP), which surged almost 50% in a single day. Notably, the Solana price additionally rallied 10% throughout writing, suggesting the rising confidence of the traders in direction of the crypto’s potential.
In addition, the on-chain analytics platform Lookonchain studies huge BOME transactions, hinting at insider data. Lookonchain’s report of a latest transaction reveals a pockets withdrawing 12,721 SOL, price $2.3 million, from Binance yesterday, to buy 314 million BOME at $0.0074 in simply half-hour.
Meanwhile, one other pockets spends 14,371 SOL, price $2.69 million, for 715 million BOME, stirring worth manipulation issues. Besides, the primary transaction of shopping for 314 million BOME has sparked discussions over potential insider data.
Notably, as BOME continues to seize headlines with its outstanding worth rally, the crypto market braces for additional developments fueled by Binance’s game-changing announcement and the evolving dynamics inside the meme coin ecosystem.
Meanwhile, the BOME worth was up 220.21% to $0.01327 throughout writing, whereas its buying and selling quantity skyrocketed 105.61% to $2.39 billion. Notably, the crypto has touched a excessive of $0.01507 and a low of $0.003909 within the final 24 hours.
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