BOME Value Plunges After Prime Holder Unloads 340 Million Tokens for $3.6M

• BOME slumped after its prime holder, sundayfunday.sol, bought 340 million models of the crypto token.
• Sundayfunday.sol invested 420 SOL, price $67,200, in BOME throughout the preliminary fundraising.
• The sell-off precipitated BOME to lose over 70% of its not too long ago achieved worth.

The newly launched Solana-based memecoin, BOOK OF MEME (BOME), slumped after its prime holding deal with, sundayfunday.sol, bought 340 million models of the crypto token. The sale reportedly generated 18,660 SOL, with a mean promoting value of $0.0107 and a revenue of $3.62 million.

On-chain information reveals the holder executed the transaction in seven installments, six batches of fifty million BOME and one batch of 40 million tokens. In line with experiences, the highest holder’s BOME steadiness after the transaction is 900 million. In the meantime, the memecoin’s worth fell by 47% in 24 hours, main the deal with’s property to shrink to $8.38 million.

Sundayfunday.sol turned BOME’s prime investor after investing 420 SOL, price $67,200, within the memecoin challenge throughout the preliminary fundraising train. The price of BOME on the time of the funding was round $0.00004691, and the investor generated as much as $34.56 million in revenue at BOME’s peak value.

BOME’s value rose to $0.02689 shortly after it launched on the Solana blockchain. The memecoin gained vital adoption within the crypto house following its itemizing throughout a number of crypto exchanges, together with prime platforms like Binance, HTX, and Bybit.

In line with information from the Solana Explorer, Solscan, sundayfunday.sol earlier bought 190 million BOME in a transaction throughout seven installments. It was the primary sell-off by the pockets and resulted in a $3.76 million revenue at a mean price of $0.00004691 per token.

The sequence of sell-offs by sundayfunday.sol precipitated BOME’s value to drop considerably. As of the time of writing, the newly launched memecoin had misplaced over 59% of the not too long ago achieved excessive and traded for $0.01036, based on information from TradingView. In line with CoinMarketCap, the cryptocurrency’s market capitalization is $584 million.