Solana

Pepe

Memecoin

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 <p>A newly launched memecoin on Solana (SOL) has achieved a $1.1 billion market cap in less than 48 hours following its listing on Binance, the largest crypto exchange in the world.</p>
 <p>Early on Saturday, Binance announced it was launching perpetual futures for Book of Meme (BOME), a coin launched by art producer DarkFarms who specializes in pieces based on Pepe the Frog, a character often used for various memes.</p>
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 <p>BOME skyrocketed immediately after launch, and following the announcement from Binance, BOME went from $0.0077 to $0.0268 in just several hours, an additional rally of nearly 250%.</p>
 <p>BOME has retraced since and is trading at $0.0186 at time of writing with a market cap of $1.037 billion and a fully diluted valuation of $1.297 billion.</p>
 <p>First spotted by blockchain tracking firm Lookonchain, an unknown wallet withdrew $2.3 million worth of Solana in order to buy BOME shortly before the Binance listing.</p>
 <p>Says Lookonchain,</p>
 <p><em>“A fresh wallet withdrew 12,721 SOL ($2.3 million) from Binance and bought 314 million BOME at $0.0074 [in] 30 mins.</em></p>
 <p><em>Does he know something we don’t?”</em></p>
 <p>Around the same time as its listing on Binance, crypto exchange Kucoin – known for its “altcoin gems” – also announced it would be supporting the new memecoin. KuCoin says users can now trade the BOME/USDT pair on its spot trading platform.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/new-solana-based-memecoin-explodes-after-binance-launches-perpetual-futures-support-tbt82789.html">https://thebittimes.com/new-solana-based-memecoin-explodes-after-binance-launches-perpetual-futures-support-tbt82789.html</a></p>

New Solana-Based Memecoin Explodes After Binance Launches Perpetual Futures Support

TheBitTimes

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