On October 14, the price of BOME, the third-largest meme coin, surged by over 25% to reach its highest level in 2 months. This increase in price propelled BOME's market cap to $610 million and its daily trading volume spiked by over 195%. The rally coincided with a broader market upswing, as Bitcoin and other altcoins saw sharp price increases. Additionally, open interest in BOME futures reached a record $131.12 million, more than doubling from the previous week. The sudden surge in liquidations likely contributed to the upward pressure on prices as short positions were forced to close. Overall, community sentiment around BOME has been bullish, with traders expecting short-term price gains.



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