Finally, the Binance team completed its initial investigation into the issue of the $Bome token insider trading case.
$Bome token is a recently launched Solalan network-based token by an unknown crypto enthusiast, who is known for his meme art collectibles. Just a few days ago, the launched token secured a market capitalization of over $1 billion, after being supported on multiple crypto exchanges.
After the news about this token on the crypto exchange Binance, many people noticed that there is a person who knows about this token in advance, possibly an insider trader of this token.
Following this controversy, the Binance team conducted an investigation and discovered that the alleged man did not belong to the Binance team/employee.
The Binance team confirmed that they will further investigate this matter in depth to find the possible perpetrator. People were also asked to report or inform the Binance team in case of any clue or evidence regarding the listing of a crypto token on the exchange.
The trading price of the Bome token has crashed badly in the last 48 hours but is still trending on the top trending crypto token list. Now it will be interesting to see the future growth of this token as the creator of this token showed his vision to push this meme token in the Web3 and decentralized storage solution tools.
The current trading price of this token is $0.015 and this trading price is down 21% in the last 24 hours.
Nowadays, majority of crypto influencers are talking about meme tokens and many of them are promoting various meme tokens, probably they have backed those meme tokens for money.
Also read: Many people are losing a huge amount of money with Solana meme crypto tokens