TLDR BOME AI (BOME) fell 96.07% in the past 24h, diverging sharply from its 358.65% weekly gain. The drop aligns with profit-taking after a parabolic rally and a key vesting period expiration.
- Vesting unlock triggers sell-off – 48-hour vesting for spin rewards ended on 6 August, releasing sell pressure.
- Overheated technicals – RSI readings above 95 signaled extreme overbought conditions.
- Meme coin volatility – Retail traders rotated capital after BOME’s 15.6% surge on 13 August.
Deep Dive
1. Vesting Expiration (Bearish Impact)
Overview: A 48-hour vesting period for BOME’s spin rewards ended on 6 August 2025 (@bomeaix), freeing 0.00211-priced tokens for sale.
What this means: The unlock likely amplified selling pressure, as recipients liquidated positions after the token’s 15.6% rally on 13 August. Meme coins are particularly vulnerable to supply shocks due to their low liquidity – BOME’s $144.6M market cap faced $221.49M in 24h volume during the drop.
2. Technical Correction (Bearish Impact)
Overview: BOME’s 1-day RSI hit 57.39 on 13 August but collapsed to 22.08 by 19 July, signaling extreme overbought conditions preceding the crash.
What this means: The 7-day SMA (0.0026745) and 30-day SMA (0.00062953) both turned resistance, triggering stop-loss cascades. With the price now at 0.000608, it trades 77.3% below its 13 August high of 0.002222.
What to watch: Whether the price stabilizes above the 200-day EMA (0.0057512), a key long-term support level.
Conclusion
BOME’s plunge reflects a collision of profit-taking, vesting unlocks, and meme coin fragility – a reminder of the risks in hyper-volatile assets. Key watch: Can trading volume sustain above $100M to absorb further sell pressure, or will liquidity dry up?