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- Bitcoin (BTC) has fallen below $61,000, but some Solana-based meme coins like Book of Meme (BOME) are in the green.
- Another meme coin, Slerf (SLERF), surged in price before it was involved in suspicious activity that wiped out $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 defy negative trends, and are seeing significant gains.
A clear example of this is Book of Meme (BOME), which briefly rose in value by 30% on a daily scale before falling slightly in the following hours.
Its market capitalization has crossed the $700 million mark, making it the 137th largest cryptocurrency. Recall that BOME was part of the Top 100 Clubs earlier this week when it reached its market value Come closer A whopping $1.5 billion.
The asset is one of the newest memecoins built on the Solana blockchain. Launched a few days ago, it has already received support from leading cryptocurrency exchanges such as Binance and Bitrue.
Another similar token that has been making waves recently is the sloth-themed Slerf (SLERF). like CryptoPotato mentioned On March 19, its price peaked at around $1.30, likely driven by the massive excitement generated around the coin and the support coming from HTX.
SLERF was also one of the assets dealt with by the mystery trader Make profit (at least on paper) by about $3.5 million in less than three days.
However, its valuation today is in deep red territory, while the token was also involved in suspicious activity, with the developer mistakenly behind it. burning Funds worth $10 million were raised from investors during the pre-sale period.
This came as another warning that meme currencies can be very dangerous and lead to huge losses. Those who want to avoid some common mistakes when entering the ecosystem of a particular meme coin should watch the dedicated video below:
