What Is BOOK OF MEME (BOME) Crypto Coin? Explained

When you hear about BOOK OF MEME (BOME) is a meme‑focused cryptocurrency built on the Solana blockchain that aims to store memes forever on decentralized networks. Launched in early March 2024, BOME tries to turn internet humor into a permanent digital archive while letting traders ride the usual memecoin roller‑coaster.

Quick Takeaways

• BOME launched on Solana on 10March2024 (some sources cite 14March).
• Total supply is 69000000420 tokens, with about 68.9billion circulating.
• It targets meme preservation via IPFS, Arweave and on‑chain metadata.
• Peak price hit $0.02805 in March2024; current price hovers around $0.0016.
• Buying requires a Solana‑compatible wallet such as Phantom.

How BOME Came to Life

The project was dreamed up by digital artist Darkfarms, known for creating viral Pepe memes. Darkfarms wanted a token that did more than hype-it would act as a "digital book" where each meme gets a permanent link stored on decentralized storage. The presale ran for a single day on 14March2024, accepting SOL contributions without a set price; participants received BOME proportional to their SOL input, raising roughly 10131SOL at an effective $0.00005 per token.

Technical Foundations

BOME lives on Solana, a high‑throughput blockchain known for low fees. The token follows the SPL standard, meaning any SOL‑compatible wallet can hold it. What sets BOME apart is its storage layer: each token carries metadata that points to meme files stored on IPFS or Arweave, and in some cases the image data is written directly on‑chain. This hybrid approach lets creators prove a meme’s provenance forever, while still benefitting from Solana’s fast transaction speed.

Market Journey So Far

Within 48hours of launch BOME surged over 3000% before settling at an all‑time high of $0.02805 on 16March2024. After the hype wave, the token corrected sharply, losing more than 90% of its peak value and currently trading near $0.0016. At the time of writing, market cap sits around $112million with a 24‑hour volume of $31.7million, according to CoinMarketCap. The coin is listed on more than 80 exchanges, including heavyweights like Binance, Bybit, KuCoin and MEXC, giving it broad accessibility despite the volatility.

Buying and Storing BOME

1. Install a Solana‑compatible wallet (e.g., Phantom or Solflare).
2. Fund the wallet with SOL to cover transaction fees.
3. Visit a supported exchange (Binance, KuCoin, etc.) and place a market or limit order for BOME.
4. After purchase, withdraw the tokens to your personal wallet address to retain full control.

The whole process typically takes 15‑20minutes for anyone familiar with basic crypto operations. During network congestion, Solana’s occasional slowdowns can cause failed transactions, so it’s wise to monitor the Solana status page before moving large amounts.

BOME vs. Other Popular Memecoins

Community, Risks and Future Outlook

The BOME community gathers on Telegram (over 42800 members) and Twitter, where memes are shared and development updates posted. Because the token’s value hinges almost entirely on social sentiment, price swings are expected. Critics point out the lack of a formal whitepaper and limited utility beyond storage, labeling it a classic memecoin pump‑and‑dump risk. On the flip side, supporters argue that the meme‑preservation niche could become a $500M market by 2025, and BOME’s early‑mover advantage might pay off if features like the Meme ClipArt Gallery and Bitcoin‑inscription integration launch successfully.

Investors should treat BOME as a high‑risk speculative asset. Diversifying exposure, setting clear entry/exit points, and staying active in community channels are practical ways to manage that risk.