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Book of Memes (BOME) was one of the biggest meme coin plays of 2024, gaining over 50,000% in its first two days of being live. Launching back in March 2024, BOME was the hottest meme coin around, as investors were eagerly looking for the next PEPE.
It then spent the remainder of 2024, ranging between $400 and $800 million by market cap before it began 2025 by falling to its current level of around $270 million.
Let’s play a game $BOME
— RTrade (@CryptoTavs) January 20, 2025
New Lows For BOME Price – Is Book of Memes Dead?
Things aren’t looking great for Book of Memes
BOOK OF MEME
9.95%
BOOK OF MEME
BOME
Price
$0.000432
9.95% /24h
Volume in 24h
$8.82M
Price 7d
, especially when you compare its recent performance with the juggernaut it was touted to overtake, PEPE. While BOME spent 2024 trading at an 80% markdown from its all-time high price, PEPE finished the year strong, hitting a new all-time high of $11.1 billion in market cap, per CoinGecko.
While the market as a whole is experiencing a dip, it can be deemed unfair to focus on price when determining whether a project has a future. However, one metric that does act as a strong indicator while having no bearing on price is holder count.
As the graphic below shows, Book of Memes has been steadily losing holders, whereas PEPE has seen an uptick in new investors. Strength can be found in any project that continuously adds new holders regardless of short-term price fluctuations.
BOME’s bleeding holder count and its ugly price action spell disaster for it going forward as a blue-chip meme coin as this bull market begins heating up.
Since dropping to $280 million by market cap, BOME has created a fresh resistance level at $300 million. This new resistance has held strong twice in the past week as BOME attempted to flip above $300 million.
A third rejection could spell the end for the Book Of Meme’s meme coin, and a slide toward $200 million and below may be on the cards.
Due to its insane ascension in its first few days of being live, no real support levels were created below $400 million, and if it can not quickly reclaim those levels, then it will be a steep drop down for BOME investors.
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