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Why did BOME grow 500 times? And how to distinguish between the primary and secondary crypto markets?
The day before yesterday, in the comments, someone asked: what is the primary market in crypto? Let's clarify using the example of BOME.
Easy to remember:
BOME — why is everyone giving 500x?
The project launched recklessly. In the primary market, people sent SOL to the address, and tokens were distributed proportionally to the contribution. The initial price? 0.0000496u. After the liquidity entered the dec-pool, the celebration began — large wallets were buying in batches, and the price was soaring.
Okay, but keep in mind: 90% of new coins are trash. Fake sites, widgets, drama queens everywhere. If you're a newbie, it’s more sensible to empty your wallet than to play the lottery.
Conclusion: the primary market is a lottery with a fiery price. The secondary one is what the crowd sees. Decide for yourself where more luck lies.