What is BOOK OF MEME?

BOOK OF MEME (BOME) is a highly speculative memecoin launched on the Solana blockchain in March 2024. (Source: Bitstamp) Created by a digital artist and cryptocurrency enthusiast known pseudonymously as Darkfarms (famous for the Pepe-themed SMOWL NFT collection), the project aims to merge decentralized finance with internet meme culture. (Source: Altify) Unlike standard memecoins that offer zero utility, BOME was designed as an experimental Web3 digital archive; it utilizes decentralized storage networks to immutably preserve memes, offering a CC0 Meme Clipart Collection and acting as a decentralized social network where internet history is permanently recorded on the blockchain. (Source: Bitstamp)

Risks Associated to the Digital Asset

BOOK OF MEME (BOME) presents a specific risk profile that investors and market participants must navigate:

• Pure Speculation & Hyper-Volatility Risk: Despite its ambition to serve as a digital archive, BOME's market valuation is entirely divorced from fundamental revenue or intrinsic utility. (Source: Bybit Institutional Research) Its price action relies heavily on "fear of missing out" (FOMO) and viral social media momentum; as a result, retail investors are exposed to extreme boom-and-bust cycles where the asset can lose the vast majority of its value the moment internet attention shifts to newer narratives.

• Imitator & Phishing Threat Risk: The unprecedented overnight success of BOME immediately sparked a wave of malicious imitation. Dozens of fraudulent copycat tokens—such as "BOME 2.0", "BOME AI", and "BOME 3.0"—flooded the Solana ecosystem. This creates a severe operational hazard for retail traders, as malicious actors utilize these lookalike tokens and associated social media phishing links to drain the wallets of unsuspecting users attempting to invest in the genuine asset. (Source: TradingView / Blockaid Alert)

• Liquidity Concentration & Reflexivity Risk: The token lacks an internal protocol budget or emission schedule to incentivize deep, decentralized liquidity pools. (Source: Galaxy Research) Because liquidity provision is entirely discretionary and heavily concentrated among a few early participants, the token is highly reflexive; if a small number of whales decide to withdraw liquidity or sell into a rally, it triggers a cascading liquidity vacuum that violently crashes the secondary market price. (Source: ResearchGate / Financial Risk Analysis)

Trading History of Digital Asset

• Market Capitalization & Liquidity: BOME experienced one of the fastest ascensions in cryptocurrency history, achieving a $1 billion market capitalization within days of its March 2024 launch and peaking at an all-time high of approximately $0.028. (Source: CoinMarketCap) However, after the initial retail euphoria subsided, the asset suffered a catastrophic macroeconomic drawdown. By April 2026, BOME traded at roughly $0.00038—a collapse of over 98% from its peak—reducing its market capitalization to a heavily compressed $26 million. (Source: Bybit)

• Tier-1 Exchange Integration: Despite the massive loss in market value, BOME's historic launch volume forced immediate recognition from top-tier centralized exchanges. (Source: Binance Square) It secured lightning-fast listings on Binance, Gate.io, Bybit, and KuCoin, ensuring that even at depressed 2026 price levels, it maintains millions of dollars in daily trading volume and uninterrupted institutional market access. (Source: CoinMarketCap)

Incidents of Manipulation or Security Failures

BOOK OF MEME operates natively as an SPL token on the Solana blockchain. (Source: Bitstamp) To fulfill its mission as a permanent meme archive, the project heavily integrates external decentralized storage networks, primarily Arweave and the InterPlanetary File System (IPFS), ensuring that the image files and metadata attached to the "Book" cannot be easily censored or deleted by centralized web hosts. (Source: Altify)

From a smart contract security and market conduct perspective, the anonymous creator implemented foundational safeguards but retained a specific operational backdoor. (Source: Findas) The contract's "mint authority" and "freeze authority" were fully revoked at launch. This mathematically guarantees that the creator can never secretly print more BOME tokens to dilute the supply (preventing hyperinflation), nor can they freeze individual retail wallets (preventing a "honeypot" scam). (Source: Findas) However, the developer intentionally left the token metadata mutable. While this is operationally necessary to continuously update the digital "book" with new memes and links, it introduces a permanent security vector where an exploited administrative key could be used to alter the token's core branding or point the archive links toward malicious websites. (Source: Findas)

Token Ownership Concentration

BOME was launched with a hard-capped maximum supply explicitly coded as 69,000,000,420 tokens, a number chosen purely for meme culture aesthetics. (Source:Findas) The project completely bypassed traditional venture capital funding rounds, executing a rapid, public presale distribution:

• Presale: 50.00% (roughly 34.5 billion tokens), distributed directly to early community participants who sent SOL to the creator's wallet. (Source: Findas)

• Liquidity Pools: 30.00% (roughly 20.7 billion tokens), paired with raised funds to establish initial decentralized exchange markets. (Source: Findas)

• Community Fund: 20.00% (roughly 13.8 billion tokens), reserved for ecosystem growth and contributor rewards. (Source: Findas)

The only lock-up in the genesis design applied to the 20% Community Fund, which was subject to a brief 3-month unlock period following the March 2024 launch. (Source: Findas) By mid-2024, 100% of the token supply was effectively unlocked and circulating in the market. (Source: CoinGecko) Despite this "fair launch" framework devoid of corporate vesting cliffs, the ownership structure rapidly devolved into extreme centralization. (Source: Binance Square) Because there were no individual allocation caps during the presale, "whale" investors accumulated massive quantities of the supply for pennies. Shortly after launch, on-chain analytics verified that the top 100 holder wallets controlled nearly 80% of the entire circulating supply. (Source: Binance Square) This severe consolidation transforms BOME's secondary market into an environment highly vulnerable to price manipulation, as a coordinated sell-off by just a fraction of these top wallets can irreversibly crash the asset's value. (Source: Findas)

Intended Usage

Firstly, BOME is widely utilized by market participants as a highly speculative digital asset and a high‑beta trading vehicle within the Solana ecosystem. (Source: Messari) It explicitly embraces the culture of “degen” cryptocurrency trading, with its valuation driven primarily by viral momentum, community sentiment, and the cultural cachet of its founder, the pseudonymous digital artist Darkfarms, who is also known for his work on the PEPE memecoin and related NFT art. (Source: IQ.wiki) Retail traders use the token to gain high‑risk exposure to the memecoin sector without relying on traditional protocol revenues or corporate cash flows.

Secondly, BOME functions as the primary utility token and access gateway for an experimental, decentralized cultural archive. By integrating directly with decentralized storage networks such as Arweave and the InterPlanetary File System (IPFS), the project intends to immortalize internet memes permanently on the blockchain, protecting internet culture from censorship or sudden deletion. (Source: The Block Research) Users interact with the broader ecosystem to access this digital repository, which includes a CC0 Meme Clipart Collection and specialized tools for creating and enhancing meme art. (Source: Official Book of Meme site) 

Lastly, BOME is intended to lay the foundational infrastructure for a decentralized social network focused specifically on internet culture. (Source: Galaxy Research) The project’s architecture allows memes to be tokenized and shared in an unstoppable, decentralized manner, granting creators and communities greater freedom and control over their data without the interference of traditional, centralized social media authorities. (Source: Book of Meme whitepaper on Arweave) 

Related Parties

The primary related parties involved with BOME are the retail speculators, meme creators, and crypto‑native communities who drive the asset’s virality and organic social media presence. Because the project was launched via a rapid decentralized presale without traditional venture capital backing, early adopters and large “whale” wallets who bought heavily into the presale act as major stakeholders capable of heavily influencing secondary market prices. (Source: Kaiko Research) Structurally, the tokenomics allocate roughly 50% of the supply to presale participants, 30% to liquidity (with LP tokens burned), and 20% to a community fund, further concentrating influence among presale whales and treasury controllers. (Source: IQ.wiki / CoinMarketCap) 

Additionally, decentralized storage networks—specifically Arweave and IPFS—are crucial infrastructural related parties, as the token’s core mission of permanent digital archiving relies entirely on their ongoing operational stability. (Source: Book of Meme whitepaper) Finally, major centralized and decentralized exchanges (CEXs/DEXs), such as Binance, Bybit, KuCoin, and Raydium, serve as critical related parties by providing the necessary global liquidity infrastructure to facilitate the asset’s massive, high‑frequency trading volume. (Source: Nansen On‑Chain Analytic) 

Security Audit

Based on the established regulatory framework, BOME does not operate a proprietary Layer-1 blockchain or network consensus mechanism. Instead, it functions as an experimental, community-driven Web3 meme project and highly liquid utility asset deployed natively on the Solana blockchain as an SPL token. Consequently, its technical security evaluations are focused exclusively at the token contract level and are assessed primarily through on-chain verification tools, risk assessment platforms, and community-driven security monitoring rather than formal third-party audit programmes.

Token Security and Contract Controls

• Native SPL token deployed on the Solana blockchain

• Fixed total supply of approximately 69 billion tokens

• Security assessments primarily conducted through on-chain verification platforms

• Mint authority has been permanently disabled

• Freeze authority has been permanently disabled

• Token classified as Mintable: No

• Token classified as Freezable: No

• Fixed token supply cannot be increased through future minting

• Holders cannot be frozen or blacklisted by token administrators

• No centralized mint control remains active

• No centralized freezing functionality remains active

Metadata and Structural Risk Considerations

• Token metadata remains intentionally mutable

• Metaplex and Solflare classify metadata status as Mutable: Yes

• Mutability supports the project's evolving digital meme archive design

• Update authority retains the ability to modify token metadata

• Users must rely on the integrity of the update authority

• Mutable metadata may increase exposure to spoofing risks

• Unauthorized content alterations could impact wallet and explorer displays

• Metadata flexibility represents the primary identified token-level security consideration

Decentralized Infrastructure Dependencies

• Project relies heavily on decentralized storage infrastructure

• Arweave is used for long-term content preservation

• InterPlanetary File System (IPFS) supports decentralized content distribution

• Security posture extends beyond token code into external infrastructure dependencies

• Long-term accessibility depends on the resilience of decentralized storage networks

• Infrastructure disruptions could affect content availability despite token functionality remaining operational

Holder Concentration and Market Structure Risks

• Risk assessment platforms identify significant holder concentration risk

• Material portions of circulating supply remain concentrated among a limited number of wallets

• Distribution profile is partially attributable to the original presale structure

• Large holders may significantly influence short-term market movements

• Elevated exposure to coordinated whale distribution events

• Sharp volatility may occur during periods of heightened market attention

• Concentrated ownership remains one of the primary non-technical ecosystem risks

User Security and Ecosystem Threats

• Community participants remain exposed to external ecosystem threats

• Lookalike token scams remain prevalent within the Solana meme ecosystem

• Malicious wallet-draining phishing campaigns target retail users

• Fraudulent social media promotions frequently impersonate legitimate projects

• Fake presale campaigns may attempt to divert capital from official liquidity pools

• Contract verification and front-end verification remain critical user security practices

Bug Bounty and Security Monitoring

• No formal bug bounty programme currently exists

• No published reward structure through Immunefi

• No published reward structure through HackerOne

• Security monitoring is primarily community-driven

• Independent researchers provide ongoing ecosystem oversight

• Security incentives arise through public scrutiny and decentralized monitoring rather than structured vulnerability reward programmes

The combination of permanently disabled mint and freeze authorities, fixed token supply mechanics, decentralized infrastructure architecture, community-driven monitoring, and transparent on-chain verification provides a foundational level of token security. However, mutable metadata controls, holder concentration risks, and the absence of a formal bug bounty programme remain important considerations for participants evaluating BOME's overall security posture.

Sources

CoinMarketCap

MetaplexTokenAudit

SolflareRiskAssessment

BitstampLearn

Kryll X-Ray Score