Enter Book of Meme, the latest gripping meme coin to cause a ruckus. Launched three days ago, BOME already has a $1 billion market cap and is the sixth most traded crypto by volume.
Meanwhile, Dogecoin20 looks to be the next launch that could explode. It is currently undergoing a presale and giving investors the opportunity to buy ahead of its exchange launch.
Book of Meme Breaches $1B and Secures Binance Listing After Presale
The meme coin market has experienced a bewildering week. The latest phenomenon is a three-day-old meme coin, overtaking the likes of BNB, ARB, and AVAX by trading volume.
Currently, BOME is up 60% today and 2,003% since it launched on CoinMarketCap on 14 March. Its market cap is $1.1 billion and 24-hour trading volume is $4.9 billion.
Book of Meme’s illustrious success has inadvertently drawn accusations of a secret-order cabal launching and pumping the token.
These accusations were only strengthened as BOME made an unprecedented feat by securing a Binance listing within two days of launching. Even for other meme coin sensations like Pepe and Dogwifhat, this took weeks to months.
As per its website, Book of Meme is an “experimental project poised to redefine web3 culture.” To do so, it will blend “memes, decentralized storage solutions, and degen trading and gambling.”
The project is run by pseudonymous art producer Darkfarms, but speculation is circulating that lots of outside help was at hand.
“You cannot tell me a 20k account did all this by himself,” said analyst Lord Ashdrake on X yesterday.
He continued, “There has to be some sort of arrangement because those 1000 SOL buys that came in to push the price ever higher have to come from somewhere.”
The analyst then turned to the swift listings on tier-one exchanges, “It also had CEXs lined up before it launched. You can’t launch and, in a day, get listed everywhere. Even WIF didn’t do this.”
He then referenced the parabolic price action, suggesting, “You just don’t push from $0 to $800 million without any meaningful dips on a $15 million starting LP without some sort of backing. It seems they all had agreements running beforehand not to dump their holdings.”
The tweet was widely embraced on X, with 640K views, 2K likes, and over 400 bookmarks. This suggests that the broader market is skeptical of BOME, given its unprecedented trajectory.
Conversely, some commentators argue that Book of Meme is legitimate and organic, with Mike Schmidt calling it a “Top contender meme.”
The project initially launched as a presale, netting early investors life-changing gains. Crypto analytics X account Lookonchain noted that one presale participant turned $72K into over $30 million in three days.
Indeed, this is impressive, but other players garnered incalculable wealth with smaller investments.
For example, Lookonchain highlighted how one trader did a 340x, turning $19K into $6.58 million through the presale.
While the Book of Meme presale has passed, another contender is on the horizon: Dogecoin20.
The presale has raised over $1 million in two days, reflecting tremendous excitement and laying the way for a parabolic exchange launch.
Stake-to-Earn ICO Dogecoin20 Raises $1.1M and Offers 605% Staking APY
Inspired by the OG meme godfather Dogecoin, the new ICO Dogecoin20 invites users to an uncharted paradigm of memetic excitement and robust utility.
Launched in 2013 by software engineers Billy Markus and Jackson Palmer, Dogecoin was created as a joke. Still, it eventually became a symbol of resistance, fighting TradFi’s exploitative and oppressive practices.
While it has been a raging success, it still receives its share of criticisms. But this is where Dogecoin20 comes in.
As a retrofitted version of Dogecoin, the new project builds on its predecessor’s success while aligning it with current market dynamics.
Dogecoin20 boasts innate token utility through a Stake-to-Earn mechanism, enabling holders to earn passive rewards on their investment. Currently, they can garner a 605% APY, but this will decrease as more tokens are staked.
Another benefit is Dogecoin20’s capped supply of 140 billion tokens. This encapsulates Bitcoin’s “sound money” principle, staving off inflation and price dilution.
In comparison, Dogecoin has an infinite supply, negating the “store of value” benefit of finite cryptos like Bitcoin.
The presale has been a spectacular success, raising over $1.1 million so far.
However, in a bid to incentivize early adopters, the price will rise throughout the campaign.
Market participants can buy $DOGE20 for $0.000152, but this will rise when the presale hits $1.3 million.
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