Binance Listed a New Altcoin: A Giant Whale Bought Massive Amount One Day Earlier

by Heber Wilkinson

Unsurprisingly, following lately’s futures itemizing, cryptocurrency alternate Binance also listed memecoin BOOK OF MEME (BOME) on the role market.

A few hours ago, Bybit listed BOME on the role market, but Binance became dispute material with itemizing it in futures. Fascinating in regards to the increasing recognition of the altcoin, Binance’s role itemizing became not delayed.

Nonetheless, it’s miles great that BOME, a Solana-primarily primarily based memecoin that emerged easiest two days ago, exceeded the market price of $ 1 billion in this kind of short time and became so profitable as a memecoin despite being SOL-primarily primarily based. Unless now, Memecoins own most often been issued on the Ethereum community.

Nonetheless, the low transaction costs on the Solana blockchain and the flexibility to aquire memecoins early at a low-trace can even present the brand new success of SOL memecoins.

After the Binance itemizing, BOME trace made one other attack and on the time of writing this article, it has increased by roughly 300% in the last 24 hours. Nonetheless, it’s miles going to even be neatly-known that despite the brand new memecoin hype, such money end not own any intrinsic price and are bought by investors fully on the realization that the trace will upward push.

When Onchain facts became examined, it became great that a whale invested an ideal quantity in this altcoin sooner than the BOME listings.

The whale in question bought $2.3 million of SOL on the cryptocurrency alternate Binance the day earlier to this night and later feeble them to aquire 314 million BOME from his off-alternate pockets at a trace of $0.0074. BOME trace is shopping and selling at $0.01827 on the time of writing this article.

*Here’s not funding recommendation.

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