The market value exceeded US$80 million within half a day of being online. Why did Pepe Meme artist's BOME become so popular?

Today, BOOK OF MEME (BOME) released by Pepe Meme artist Darkfarm has swept all social platforms. It has increased 20 times in just three hours since it was launched, with a market value exceeding US$80 million. What makes it grow so rapidly? This article will reveal its project concept and development history.

Meme Gallery——BOOK OF MEME

Who is Darkfarms?

Darkfarms is an artist who focuses on creating Pepe Meme images. His most famous work is the Pepe-themed NFT series SMOWL. This series of works was released two years ago, and the issue price at that time was 0.04 ETH. Before BOME became popular, the floor price of these works was about 0.047 ETH, but now it has risen to 0.2 ETH.

In addition to this work, Darkfarms has also continued to create Pepe Meme pictures and NFT series over the years. The following are some examples from his personal website:

BOOK What is OF MEME?

On March 10th, Darkfarms began to preview the upcoming Launch project. On the 12th, it disclosed the project "BOOK OF MEME" and its project concept. Darkfarms stated that BOOK OF MEME is

“A shitcoin, a renewable e-magazine, a versatile tool for creating memes, a CC0 Meme library with links to all un-Mint JPEGs. Maybe even a decentralized social network, a link to everything A single NFT, and a small gif on the solscan browser.

"The Book of MEME" captures current Meme metadata, including most Meme coins on the chain, and the data is stored in Arweave/IPFS/Inscription , which can be used as a social platform for cross-chain storage. This is a book that I continue to update and add new memes and styles.

In short, BOOK OF MEME is a permanent storage gallery for Meme , and will expand a series of Meme creation functions based on it.

Darkfarms demonstrated some functions of BOOK OF MEME, such as turning images into glitchy pixel style:

Permanently store Meme creative content in Arweave/inscriptions/ipfs and other places.

Open pre-sale

On March 13, Darkfarms started a pre-sale. You can participate by sending SOL to the designated Solana address. There is no fixed price for this pre-sale. All participants in the pre-sale will be allocated tokens according to the proportion of SOL they donated. Pre-sale The progress has also far exceeded Darkfarms’ expectations. The original fundraising expectation was only 500-600 SOL, so he opened a community vote and let the participants decide how to allocate the pre-sale funds. As of 8 a.m. today, according to data disclosed by Darkfarms , a total of 10,131 SOLs were raised.

At 15:00 p.m., Darkfarms will add all SOL raised into the LP pool, with the initial price being 0.0{3}496USDT. Subsequently, the token began to spread widely in the Chinese and British communities. Due to its extremely high depth, it can accommodate the entry of a large amount of funds. A large number of buy orders of more than 100 SOLs continued to pour in, pushing its price to continue to rise; the highest price of BOME rose to 0.0012 USDT. , increased by approximately 24 times, with a market value exceeding US$80 million.

Currently, BOME continues to rise and has reached the second-tier market value of Solana Meme. Whether it can become the next billion-dollar Meme remains to be seen by the market.

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