The cryptocurrency whose value has increased 20 times in a few hours is named

Editor’s note: not financial advice!

The price of a new memecoin launched on the Solana blockchain has increased 20 times in just 3 hours. The token, called Book of Meme (BOME), was created by the artist Darkfarms.

The market capitalization of Book of Meme has already exceeded $ 1 billion. The Book of Meme pre-sale started on March 13. To receive the tokens, presale participants had to send any amount of Solana (SOL) to the specified address.

BOME quickly gained popularity in the cryptocurrency community. During the pre-sale, 10,131 SOL were collected, which far exceeded Darkfarms' expectations of 500−600 SOL. Darkfarms pooled the funds into a liquidity pool, setting the initial price of BOME. Large buy orders of 100 SOL and more created a highly liquid market, which led to an increase in the token’s price.

After the surge in interest in BOME, several exchanges, including BitMart and HTX, announced that they would add the asset to the listing. Later, Bitmart confirmed the initial listing of the altcoin paired with USDT.

Book of Meme includes an updated e-zine, a meme creation tool, and a large JPEG library. The project uses Arweave, IPFS, and «inscriptions» for data storage. In the future, Darkfarms plans to use a single NFT to combine all the content related to a particular meme.

No Worries strongly advises readers not to invest in dubious crypto projects and little-known digital assets!

In early March, one of the largest cryptocurrency whales sold all the $ 1.97 trillion of PEPE tokens he owned. The investor managed to make a profit of $ 3.49 million.