Personal Analysis on the Trend of BOME!
1. First of all, this coin was issued by the well-known artist in the crypto circle, Darkfarms1. The operation was very simple; just send him money, and then he threw the received value of 1.7 million SOL into the pool, immediately opening up the pattern. This narrative directly created a major meme coin, BOME.
But don't think that a single artist can create a meme coin worth 1 billion; there must be a team and capital operations behind it.
2. This coin has shown a continuous Pi Xiu-like increase, with large chips likely in the hands of a few bold traders. Which major institution would dare to trade like this, unless they have lost their mind? So, the chips are in the hands of retail investors, and institutions basically have no chips. If capital is to operate later, I think after it lists on Binance, it will need to wash the chips for a while. If it rises again today, that would be quite aggressive.
3. Yesterday, Binance first announced the contract, which is a consistent tactic for meme coins on Binance. BONK.WIF, MYRO are like this, but then they quickly announced the spot listing. I guess there is capital that paid for the spot listing on Binance, so this coin should have quite a lot of potential in the future.
4. I broke even on BOME; after it lists on Binance, I haven't sold a single unit. The expectation is to reduce my position further, at least to see it surpass WIF and BONK.
5. BOME listing on Binance is a major milestone, not the endpoint. No meme coin phenomenon will trap those who entered in the first three days.
Focus for the day: BOME, BONK, WIF, PEPE
