In the past 24 hours, the price of the popular memecoin BOME on the Solana network has taken a significant hit, dropping by nearly 50%. Consequently, its current market value has plummeted below the $500 million mark.
This downward trend hasn’t been exclusive to BOME, as other memecoins like PEPE, WIF, FLOKI, and BONK have also experienced sharp declines, with losses nearing the 20% mark within the same timeframe.
过去 9 小时，BOME 持仓 TOP1 地址 sundayfunday.sol(@SundayFundayLFG) 再次卖出 3.4 亿枚 $BOME
此次卖出累计获得 18660 SOL，平均卖出价格 $0.0107，获利 362 万美金；该地址仍持有 9 亿枚代币，由于 BOME 过去 24 小时下跌 47%，其资产已缩水至 838 万美金
钱包地址 https://t.co/i245crhxi5 https://t.co/GJya83otT9 pic.twitter.com/i57S2Kb732
— Ai 姨 (@ai_9684xtpa) March 19, 2024
In a span of just 9 hours, the top BOME holding address, sundayfunday.sol, made a notable move by selling off 340 million BOME tokens. This strategic move resulted in a substantial profit of 18,660 SOL, with an average selling price of $0.0107. As a result, the address managed to secure a profit of $3.62 million from this transaction alone.
However, despite this profitable move, the address still retains a significant holding of 900 million tokens. Unfortunately, due to the sharp decline in BOME’s price, the assets held by the address have dwindled to $8.38 million.
Slerf Surpasses BOME’s Market Capitalisation
Amidst the market volatility, memecoin SLERF briefly surpassed BOME in terms of market capitalization today.
However, BOME swiftly reacted to reclaim its position ahead of SLERF, solidifying its status as the 8th largest memecoin in the market.
This recent series of events underscores the inherent volatility and unpredictability of the memecoin market, where rapid fluctuations in prices and market rankings are not uncommon occurrences.
Investors and traders alike must exercise caution and diligence when navigating these turbulent waters to mitigate potential risks and maximize opportunities for profit.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!