Solana meme coin BOME leads meme rally with 300% daily gains and nearly $1 billion market cap


  • Solana ecosystem’s meme coin BOME observed 292% daily gains in its price and the market cap hit $996 million. 
  • A wallet address exchanged 12,721 SOL tokens for 314 million BOME on Friday, the investment has more than doubled. 
  • Binance’s listing announcement catalyzed further gains in BOME price. 

Meme coin market sees renewed enthusiasm as Solana-based BOME leads the rally. Binance officially announced the Book of Meme (BOME) listing on its spot market, after introducing the meme coin in the futures market, earlier. 

Also read: Solana-based Jupiter posts hefty returns amidst meme coin rally

BOME meme coin rallies nearly 300% overnight

Solana based meme coin BOME price witnessed a massive surge on Saturday after Binance’s official listing announcement. The meme coin is currently leading a rally of SOL ecosystem based tokens, after climbing nearly 300% on Saturday. 

The meme coin added $996 million in market capitalization within two days of trading and was listed on Binance and Bybit futures within the same time. 

A wallet address tracked by Spotonchain exchanged 12,721 SOL for 314 million BOME tokens. The wallet address more than doubled their investment, $2.3 million in SOL changed to $5.69 million in BOME. 

SOL BOME

SOL exchanged for BOME. Source: Spotonchain 

BOME is leading the meme coin rally in the Solana ecosystem, with assets like Sillycat (SILLYCAT), Gigachad (GIGA), Samoyedcoin (SAMO), Pepecoin on Solana (PEPE) and Loaf Cat (LOAF) yielded gains for holders in the past day. 

Solana meme coin

Solana meme coin. Source: CoinGecko 

At the time of writing, BOME price is $0.0190 according to CoinGecko data. 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Crypto Today: Poland to adopt BTC as Hedera, Tezos rally alongside Microstrategy investing another $4.6B

Crypto Today: Poland to adopt BTC as Hedera, Tezos rally alongside Microstrategy investing another $4.6B

While Solana’s daily time frame gains were subdued at 2.2%, the SOL price action drew attention on Monday as traders brace for a potential breakout to new all-time highs. 

More Cryptocurrencies News
Bitcoin could see another parabolic run following rising institutional interest

Bitcoin could see another parabolic run following rising institutional interest

Bitcoin (BTC) began the week positively, rising over 3% above the $91K threshold on Monday. Despite the recent rise, BTC could begin another extended bullish move as top firms are increasing their Bitcoin holdings and potentially adopting it as a reserve asset.

More Bitcoin News
Ethereum Price Forecast: ETH risks decline to $2,258 as exchange reserves continue uptrend

Ethereum Price Forecast: ETH risks decline to $2,258 as exchange reserves continue uptrend

Ethereum (ETH) is up 1% on Monday after ETH ETFs hit a record $515.5 million inflows last week. However, rising exchange reserves and realized losses could trigger bearish pressure for the top altcoin.

More Ethereum News
SOL Price Forecast: Solana nears all-time high as VanEck, BONK spark $2.9B inflow

SOL Price Forecast: Solana nears all-time high as VanEck, BONK spark $2.9B inflow

Solana (SOL) price reached a new monthly time frame peak of $248 on Monday, November 18, up 60% within the last 14 days. Derivatives market trends signal potential for more upside as bulls set their sights on new all-time high. 

More Crypto News
Bitcoin: New high of $100K or correction to $78K?

Bitcoin: New high of $100K or correction to $78K?

Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP