$BOME is moving aggressively, but the on-chain picture is still worth watching closely.
Price has gained nearly 90% this week, while trading volume has surged alongside the breakout.
Perp markets are showing strong demand as well, with buyers currently leading and more than $600K in net buying recorded on Hyperliquid.
Still, there are a few warning signs.
Around $800K has flowed into exchange wallets over the past 24 hours, well above the usual levels. Some larger wallets are also starting to show signs of distribution.
One wallet on my radar is Token Millionaire, which recently added roughly 42M BOME:
0x2Ejnns2F...
Meanwhile, Raydium’s authority wallet has continued cutting its BOME holdings.
There’s also notable sell-side liquidity stacked around $0.0018, $0.0022, $0.0025 and $0.0026.
So far, the setup looks like this:
Strong breakout ✅
Volume expansion ✅
Heavy perp demand ✅
Rising exchange inflows ⚠️
Some whale distribution ⚠️
I’m still positive on the momentum, but this isn’t a level I’d want to blindly chase.
The next move depends heavily on whether $BOME can hold the breakout and whether those larger wallets continue selling or start accumulating again. 👀
Price has gained nearly 90% this week, while trading volume has surged alongside the breakout.
Perp markets are showing strong demand as well, with buyers currently leading and more than $600K in net buying recorded on Hyperliquid.
Still, there are a few warning signs.
Around $800K has flowed into exchange wallets over the past 24 hours, well above the usual levels. Some larger wallets are also starting to show signs of distribution.
One wallet on my radar is Token Millionaire, which recently added roughly 42M BOME:
0x2Ejnns2F...
Meanwhile, Raydium’s authority wallet has continued cutting its BOME holdings.
There’s also notable sell-side liquidity stacked around $0.0018, $0.0022, $0.0025 and $0.0026.
So far, the setup looks like this:
Strong breakout ✅
Volume expansion ✅
Heavy perp demand ✅
Rising exchange inflows ⚠️
Some whale distribution ⚠️
I’m still positive on the momentum, but this isn’t a level I’d want to blindly chase.
The next move depends heavily on whether $BOME can hold the breakout and whether those larger wallets continue selling or start accumulating again. 👀