Overview
Book of Meme (BOME) exploded onto the scene in March 2024 when its creator, Darkfarms, launched a presale that raised over $1 million in SOL within minutes via a simple social media post. The stated concept was to build a "Book of Meme" — a permanent, decentralized repository for internet memes stored on Arweave and IPFS, with the token serving as the ecosystem currency.
BOME became one of the defining tokens of the March 2024 Solana memecoin supercycle, quickly achieving a multi-billion dollar market cap. It was listed on Binance within days of launch, an unprecedented speed for a memecoin. However, the grand vision of decentralized meme storage has remained largely unrealized, and the token has settled into the familiar pattern of a post-hype memecoin.
Community
Score: 5/10
BOME's community was forged in the fire of one of crypto's most frenzied presale events. The speed and scale of the presale created a core group of extremely bullish early holders. The Binance listing further expanded the community with mainstream crypto traders. However, the community has experienced significant attrition as the initial hype faded and the "meme storage" concept failed to materialize into a working product. Current community engagement is moderate, sustained by the remaining believers and the token's historical significance in the Solana memecoin timeline.
Liquidity
Score: 5/10
BOME benefits from a Binance listing, which provides a permanent liquidity floor that most memecoins don't have. Trading volumes peaked during the March 2024 mania and have since declined substantially but remain above average for memecoins. DEX liquidity on Solana is reasonable. The token's inclusion on major exchanges means it remains accessible to retail traders globally. However, current volumes are a fraction of peak levels, and the market cap has compressed significantly.
On-Chain Metrics
Score: 4/10
On-chain data shows BOME had explosive initial activity that has since normalized to moderate levels. Holder count remains elevated due to the broad initial distribution. Active addresses have declined but are still significant for a memecoin. There is minimal DeFi integration — BOME is predominantly used for speculative trading rather than as collateral or in liquidity pools. The Arweave and IPFS storage components have seen negligible on-chain activity, suggesting the core concept hasn't been developed.
Development
Score: 2/10
The "Book of Meme" concept — permanent on-chain meme storage — was always more narrative than roadmap. While Darkfarms initially discussed integrating Arweave and IPFS storage for memes, meaningful development in this direction has been minimal. There is no working product for decentralized meme storage. The token smart contract is a standard SPL token. GitHub activity is negligible. The project has pivoted from promising a product to functioning as a pure memecoin. The original vision appears abandoned.
Risk Factors
- Unfulfilled roadmap: Decentralized meme storage concept has not been developed
- Post-hype decline: Token has lost significant value from its peak
- Creator dependency: Heavy reliance on Darkfarms' ongoing engagement
- No utility: Token has no functional use case
- Presale structure concerns: Casual presale via social media raised fairness questions
- Memecoin competition: Buried in an avalanche of newer Solana memecoins
- Narrative exhaustion: The "Book of Meme" story has been told and the market has moved on
- Concentration risk: Early presale participants hold large positions
Conclusion
BOME was a product of its moment — the perfect token for the peak of Solana memecoin mania in March 2024. The presale was a masterclass in social engineering and crypto FOMO, and the Binance listing cemented its place in memecoin history. However, the vision of decentralized meme storage was always more marketing than mission. With the concept unrealized, development stalled, and community shrinking, BOME is now just another memecoin trading on residual recognition. The Binance listing provides a floor of sorts, but the token's best days are likely behind it.
Sources
- Solscan on-chain analytics
- CoinGecko and Binance market data
- BOME community channels
- Darkfarms social media posts
- Arweave and IPFS integration analysis