TL;DR
- Bitcoin (BTC) has fallen below $61,000, but some Solana-based meme coins like Book of Memes (BOME) have made good profits.
- Another meme coin, Slerf (SLERF), skyrocketed in price before being involved in suspicious activity that caused the disappearance of $10 million of investors' funds.
The correction in the cryptocurrency market has intensified over the past 24 hours, with Bitcoin (BTC) falling below $61,000 for the first time in two weeks. However, some Solana-based meme coins continue to buck the negative trends and make significant gains.
One obvious example is Book of Meme (BOME), whose valuation briefly spiked 30% on a daily scale, but then rebounded slightly over the next few hours.
Its market capitalization exceeded $700 million, making it the 137th largest cryptocurrency. Recall that BOME was in the top 100 club by market capitalization earlier this week. Approaching the A whopping 1.5 billion dollars.
This asset is one of the latest meme coins built on the Solana blockchain. It was launched a few days ago and has already received support from major cryptocurrency exchanges such as Binance and Bitrue.
Another similar token that has been making headlines recently is the sloth-themed Slerf (SLERF).as crypto potato report On March 19, its price peaked at nearly $1.30. This was likely fueled by the huge excitement generated around the coin and the support it received from HTX.
SLERF was also one of the assets traded by the mystery trader. make a profit Around $3.5 million within 3 days (at least on paper).
Despite this, its valuation is currently in the deep red, while the token has also been involved in suspicious activity, which the developer was mistakenly responsible for. combustion $10 million worth of funds raised from investors during the pre-sale.
This comes as another warning that meme coins are extremely dangerous and can lead to catastrophic losses. If you want to avoid common mistakes when participating in a particular meme coin ecosystem, watch the dedicated video below.
