In recent days, everyone should have been flooded with messages about this project. A friend in our group said something very interesting, that is, our value investment group has started to talk about this meme, which shows how crazy the recent meme market is. Today we will continue to talk about this project, which is bome. It was launched on the 13th. Yesterday, on the 17th, it increased by 400 times, and its market value reached 1 billion US dollars in one breath. The current exchange rate is 0.017, and it reached 0.023 US dollars at its peak. In fact, we have talked about many meme specials before, and we have been discussing who is most likely to become the meme king of this bull market, like shib in the last wave, which directly reached 40 billion US dollars. Today we will first look at this bome, and then analyze who is most likely to get rid of the addiction.

Introduction

On March 10, Darkfarms began to preview the upcoming launch project, and on the 12th, it disclosed the project "BOOK OF MEME" and its project concept. According to the official document, Bome is an experimental project that aims to redefine web3 culture by combining memes, decentralized storage solutions, and degen (inferior) shitcoin transactions and gambling. This experiment is committed to embodying the evolving meme culture in a digital compilation "The Book of MEME", ensuring that each work is permanently recorded on the blockchain. $BOME meme coins are issued on Solana, and Arweave and IPFS are used as the main storage of the "Book of MEME". In the future, it will be expanded to Bitcoin inscriptions as immutable permanent storage. This initiative aims to promote a new dimension of decentralized social media and make memes unstoppable. Meme coins on the worst blockchain + This digital book is connected to the metadata associated with the token, and there are more links in the book to images stored on IPFS/ARWEAVE/ONCHAIN ​​+ A decentralized social networking application + Tools for making memes + CC0 meme clipart collection - All in one meme coin! In short, BOOK OF MEME is a gallery focused on permanent storage of memes, and will expand a series of meme creation functions on this basis.

Darkfarms

Darkfarms is an artist who specializes in creating Pepe Meme images. His most famous work is the Pepe-themed NFT series SMOWL. He currently has 110,000 followers on Twitter. The work was released two years ago. The issue price was 0.04 ETH. The floor price before BOME became popular was about 0.047 ETH. It has now risen to 0.4 ETH.

development process

On March 13, Darkfarm launched the pre-sale of BOME. Users only need to send SOL to the designated SOL wallet address to participate in the pre-sale. There is no fixed selling price, and all participants are allocated tokens according to the number of SOL they donated. In the end, the pre-sale raised a total of 10,131 SOL (Originally Dark only wanted to raise 500-600 SOL), far exceeding expectations. On the afternoon of the 13th, Darkfarm added all the SOL raised to the liquidity pool (RAY), and the initial price of BOME was $0.0000496. The existence of a large purchase order of 100 SOL created a highly liquid market, causing the price to soar to $0.0012. It rose more than 20 times in 24 hours, setting a record market value of $80 million. The surge in BOME prices can also be attributed to its listing on multiple well-known cryptocurrency exchanges. On March 15, 2024, Kucoin launched the BOME/USDT trading pair. Then Sesame Gate also launched Bome and started trading on the same day. In addition, Crypto.com has integrated BOME into its platform, making it convenient for users to purchase tokens using various legal currencies such as USD, EUR, GBP, etc. Subsequently, BitMart, MEXC and HTX have also listed the token, further expanding its availability in the market. On the 17th, Binance also launched 1-50 times BOME contracts. The current 24-hour trading volume has exceeded 6 billion US dollars.

Other meme projects

POGAI, the once popular "Chinese Dog Coin", has begun to follow the pre-sale model. The limited 24-hour pre-sale activity reached the recharge limit in just a few hours, and the coin refund has been completed at 5 pm on the 17th. In addition to POGAI, there are many meme projects such as KANG, a meme coin that combines SocialFi and P2E functions, Byte, the largest meme-based and utility token on Blast (pre-sale started on March 15), MOOLANA (pre-sale started on March 15), and AI concept meme PXP (more than 12 ETH have been raised) have also started pre-sales. Then comes our focus today, we have to see who is most likely to become the shib or dog of this bull market. Let’s take a look at the data of shib first. I saw that there are 1.38 million addresses of shib’s current holders, and 41% of the total tokens have been destroyed. The 1% holders are almost all addresses of exchanges, so shib is decentralized enough at present. You have to know that if a meme project wants to grow to a scale of 50 billion, there must be a large number of people to take over.

Then let’s look at Bome. Currently, only 70,000 people have been found. There are 10 1% holding addresses and 65 0.1% holding addresses. There is still a big gap.

Then let’s take a look at the current ranking of these MEMEs. Currently, there are only the following MEMEs with a market value of more than 1 billion US dollars. I won’t talk about the first two. The third is pepe, with a current market value of 3 billion (mentioned before), the fourth is wif, with a current market value of 2.9 billion (mentioned before), and the fifth is floki, with a current market value of 2 billion (mentioned before).

Let’s look at pepe first. The number of pepe holders has reached 180,000. The top five addresses holding pepe coins are all exchanges. There are only 14 addresses holding more than 1% of the coin, and 78 addresses holding 0.1% of the coin. It is relatively scattered.

Looking at WIF again, there are 89,000 holders, only 8 addresses that hold 1% of the coins, and 140 addresses that hold 0.1% of the coins. There are still a lot of whales.

Floki currently has 70,000 holders, 7 1% holders, and 65 0.1% holders.

Finally, to sum up, at least from the current trend, these three projects are the most likely to win, because they all exceed 1 billion US dollars, and there is only a 50-fold gap from 50 billion. However, from the perspective of holders, Pepe still has the upper hand, 180,000, and the current market value is also the highest at 3 billion, which can be achieved with a 15-fold increase. Moreover, the current currency is sufficiently decentralized. For a 10-fold market value, the number of people is estimated to increase by 2-3 times. This wave of meme madness is actually a big plus, because the news of 10 times in 3 days and 100 times in 2 days can make more people outside the currency circle realize the wealth-creating effect of the currency circle, and will attract a large number of people who have left the circle or have not recognized the circle. New leeks will definitely buy BTC, so BTC can also reach a new high, thereby driving this flywheel. Coupled with the power of ETFs, this wave will definitely be fierce. Let's wait and see.

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