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Home»Solana»Binance’s launch of perpetual futures supports has led to the explosion of a new Solana based Memecoin

Binance’s launch of perpetual futures supports has led to the explosion of a new Solana based Memecoin

Solana By G. Wallace18/03/2024
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The new memecoin launched on SolanaSOLIn less than 48 hour after its Binance listing, Binance is now the biggest crypto exchange on the planet.

Binance launched perpetual futures on Book of Meme, a coin created by artist and producer Michael A. Smith. DarkFarms Specializes in Pepe the Frog-based pieces, which are often used as memes.

BOME’s popularity soared immediately following its launch. announcement BOME rose from $0.0077 in Binance to $0.0268 after just a few short hours. That’s an additional 250%.

BOME is currently trading at $0.0186, with a total market capitalization of $1.03 billion.

First spotted According to blockchain tracking company Lookonchain an unidentified wallet withdrew $2.3M worth of Solana before buying BOME on Binance.

Lookonchain

Binance: “A new wallet purchased 314,000,000 BOME for $0.0074 and withdrew 12 721 SOL (2.3 million dollars) from Binance.” [in] 30 mins.

Is there something he knows that we don’t?

Around the same time as its listing on Binance, crypto exchange Kucoin – known for its “altcoin gems” – also announced It would mean supporting the new memecoin. KuCoin announces that its users can now trade in the BOME/USDT currency pair via their platform for spot trading.

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Source: dailyhodl.com

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