Binance Announces Listing of Book of Meme ($BOME) Token
Following the recent surge in popularity of meme coins, cryptocurrency exchange Binance has announced its decision to list the Book of Meme ($BOME) token. The platform shared this news on X (formerly Twitter), revealing that the asset will have the platform’s Seed Tag applied and will open for spot trading on Saturday at 12:30 UTC. The spot trading pairs for the asset will include BOME/BTC, BOME/USDT, BOME/FDUSD, and BOME/TRY, with withdrawals set to open on Sunday.
The announcement marks Binance's recognition of the growing prominence of meme coins within the digital asset market. Assets like Dogecoin (DOGE) and Shiba Inu (SHIB) have gained significant popularity and value despite their inherent volatility, largely due to their passionate communities.
BOME is a meme coin built on the Solana network and has experienced a rapid rise in value. Like other Solana-based meme coins such as BONK and Dogwifhat (WIF), BOME has seen a significant increase in price, with a 290% surge in the last 24 hours alone, according to CoinMarketCap. Its current trading price stands at $0.02251.
Described by Binance as a project aiming to "redefine Web3 culture by amalgamating memes," BOME seeks to capture the ever-evolving meme culture within a digital compendium. However, Binance also warns users of the price volatility associated with relatively new assets like BOME.
