In an intriguing turn of events, following a nearly 320% rally witnessed by the Solana-based meme coin BOME, Binance, the world’s leading cryptocurrency exchange, recently revealed plans to list the token on their platform, promptly garnering significant attention across the global crypto realm. Amid this eye-catching chronicle’s emergence today, a trader’s colossal BOME accumulation sparked concerns over insider knowledge as an unknown address withdrew 314 Million BONK yesterday, before Binance unveiled plans to list the meme token’s perpetual contract, followed by its listing.

This echoed a sense of frenzy across the broader crypto market as this trader remains poised to nab colossal profits. Meanwhile, the Book Of MEME crypto continues to make ripples across the cryptocurrency landscape, constantly surging upward as of press time.

Binance’s Listing Sparks Curiosity

According to Binance’s statement, the firm plans to list Solana-based meme token and open trading for specific spot trading pairs starting March 16 at 12:30 UTC. These specific spot trading pairs include BOME/BTC, BOME/USDT, BOME/FDUSD, and BOME/TRY. While users can start depositing BOME, readying themselves for trading, withdrawals for the same are set to commence on March 17 at 12:30 UTC. With Binance further setting the listing fee as 0 BNB, the CEX showcases inclinations to support the Solana-based meme token’s listing.

Meanwhile, with Binance’s listing chronicles having noteworthy effects on a token’s price action, crypto market enthusiasts extensively eye the BOME token and its upcoming listing. Earlier today, while the prices surged 200%, Binance announced plans to launch the USDS-M BOME Perpetual Contract on Binance Futures, boasting leverage of up to 50x. Following this announcement’s surfacing, coupled with Binance’s upcoming listing’s announcement, BOME’s price rallied nearly 320%, nabbing global attention.

Meanwhile, as seen in Binance’s previous listing sagas, such as RONIN and BLUR, prices showcase quite the volatility following a token’s listing on the platform. Notably, RONIN plunged remarkably after its listing on Binance, whereas BLUR soared phenomenally. This birthed a tidal wave of speculations on BOME and its price action ahead as Binance’s listing looms.

Simultaneously, the trader’s colossal 314 million BOME accumulation with no selloffs yet fuels speculations over further pumps, with insider knowledge potentially aiding the trader.

Binance will list Book of Meme ( $BOME )

This guy really knows something!https://t.co/6EwL4QmG13 pic.twitter.com/POL1chaFwh

— Lookonchain (@lookonchain) March 16, 2024

Also Read: Solana (SOL) Price To Hit $210 Or Correction To $180 Ahead?

BOME Price Rallies

As of writing, the Book Of MEME crypto’s price noted a staggering 323.62% uptick over the past 24 hours and is currently trading at $0.01931. With a stockpile of chronicles weighing in on BOME’s surge, the meme token paints a bullish landscape for itself across the broader crypto market.

Bybit, another renowned cryptocurrency exchange, recently revealed spot listing for BOME/USDT pairs on its platform, adding to the market optimism orbiting BOME. With a broader uptrend observed across Solana, the meme token continues birthing bullish thoughts across the cryptocurrency realm.

A staggering 3353.39% surge in the token’s open interest, accompanied by a volume rise of 18903.37%, per Coinglass‘ data, further hinted at a substantial uptrend in the market, aiding the BOME token in riding a bullish wave.

Also Read: Bitcoin Cements Dominance Over Gold, Records $23.6B Net Inflows

The post Binance Unveils BOME Listing Sparking Insider Knowledge Concerns appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am