Martha Ezeani 
BOME Price Sees Major Selling Across Counter
The recent correction in the crypto market has affected Solana and its meme coins, with BOME experiencing a significant downturn.
As a result of the correction that has taken place in the cryptocurrency market as a whole, Solana and its meme coins have had some downturns, although they have performed exceptionally well so far.
As press time approaches, the price of BOME has corrected by a massive 50%, while the cost of Solana has decreased by 10%, reaching $185.
BOME Price Sees Major Selling Across Counter
Following a massive bull run, the price of BOME appears to have entered a sharp correction, as it has dropped by an additional 50% in the past 24 hours. BOME is now trading at $0.009813 and has a market size of $541 million as of this publication.
There are now $2,367,455,325 worth of daily trading volumes for this cryptocurrency, making it the 11th most traded cryptocurrency.
Even though the price of BOME has already corrected by 55% from its weekly high of $0.026, it is still trading at a remarkable 1000% gain on the weekly chart.
A significant portion of the sales are generated by BOME’s personal holding address, sundayfundday.sol. The largest holder of BOME tokens has once again sold 340 million BOME tokens, resulting in earnings of 18,660 SOL.
This transaction took place over the past 9 hours. The company achieved a profitability of $3.62 million by selling the tokens at an average price of $0.0107 per token.
As a result of a massive drop in the cost of BOME tokens, the holder’s assets have been reduced to $8.38 million, even though they have retained 900 million tokens.
Santiment, a source of on-chain analytics, reports that BOME and Solana are the assets that are now receiving the most online attention across various social media platforms.
Their recent great success in the markets is partly responsible for the increased attention that they have received. According to the community, Solana and other meme coins are considered credible alternatives to projects that are based on Ethereum.
An important factor that contributed to the correction in the price of BOME was the significant retreat that occurred in the cryptocurrency market as a whole in the days leading up to the FOMC meeting.
To add insult to injury, this correction appeared long overdue after a significant increase occurred in a concise amount of time. As an additional point of interest, according to coinxposure’s article from Monday, March 18, there have been reports of BOME insider trading at Binance.
The cryptocurrency exchange asserted that it is actively addressing these concerns and would appreciate any supporting evidence. On the other hand, other meme coins have also witnessed huge decreases, with PEPE, WIF, FLOKI, BONK, and others all experiencing a drop of about 20% within 24 hours.
Indeed, the surge in the trade of meme coins has benefited Solana. According to Token Terminal, Solana’s fee capture has increased to $17.8 million in the past week, exceeding that of Bitcoin, which stood at $17.5 million.
This is because of the blooming on-chain trade of memecoins, which has become increasingly popular. Over three consecutive days, Solana’s daily fee capture has constantly exceeded $3 million, establishing ongoing new all-time highs.
