{"id":82397,"date":"2023-07-31T13:08:38","date_gmt":"2023-07-31T10:08:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=82397"},"modified":"2025-09-12T04:47:33","modified_gmt":"2025-09-12T01:47:33","slug":"base-blockchain-swept-by-a-wave-of-meme-tokens","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/base-blockchain-swept-by-a-wave-of-meme-tokens\/","title":{"rendered":"Base blockchain swept by a wave of meme-tokens"},"content":{"rendered":"

In Coinbase’s L2<\/a>-network Base, new meme cryptocurrencies appeared, some of which posted multifold gains.<\/p>\n

Traders have been buying little-known tokens such as BALD, COIN and BASED, using the decentralized exchange LeetSwap.<\/p>\n

On July 30, more than half of the platform’s daily trading turnover was in BALD \u2014 a token referencing Coinbase CEO Brian Armstrong. In two days the asset rose almost 40,000%, to $0.085. It later fell to around $0.055.<\/p>\n

\"dexscreener.com_BALD_WETH_2023-07-31_12-19-22\"
15-minute BALD\/WETH chart on LeetSwap. Data: DEX Screener<\/a>.<\/figcaption><\/figure>\n

According to Lookonchain analysts, in the first minutes of trading four addresses bought 50 million BALD (50% of the asset’s total supply) for 0.5 ETH (~$933). After a few hours traders sold part of the coins for 554 ETH (~$1.04 mln).<\/p>\n

\"Snimok-ekrana-2023-07-31-v-12-27-54\"
Data: X<\/a>.<\/figcaption><\/figure>\n
\"dexscreener.com_BALD_WETH_2023-07-31_16-19-58\"
15-minute BALD\/WETH chart on LeetSwap. Data: DEX Screener<\/a>.<\/figcaption><\/figure>\n

Another meme token BASED rose 145,000% in 24 hours and is now trading at $0.3963. Its market capitalization has reached $291 million.<\/p>\n

\"dexscreener.com_BASED_WETH_2023-07-31_12-22-17\"
15-minute BASED\/WETH chart on LeetSwap. Data: DEX Screener<\/a>.<\/figcaption><\/figure>\n

Also appeared the token BASE, which like the rest has no intrinsic value and tries to imitate the network’s allegedly native token. The asset surged 41,000% in 24 hours\u2014to $0.007942, with a market capitalization of $789,000.<\/p>\n

\"dexscreener.com_BASE_WETH_2023-07-31_12-30-51\"
15-minute BASE\/WETH chart on LeetSwap. Data: DEX Screener<\/a>.<\/figcaption><\/figure>\n

Some traders warned that the hype around Base meme tokens may have run its course. Probably most of them will head lower now.<\/p>\n

\"Snimok-ekrana-2023-07-31-v-12-36-05\"
Data: X<\/a>.<\/figcaption><\/figure>\n
\n

“It’s already too late for BALD if you haven’t joined. The market is currently jumping from one thing to another. Don’t be anyone’s exit liquidity,” said a user going by the pseudonym HORSE.<\/p>\n<\/blockquote>\n

On July 13, the Base blockchain opened access<\/a> to developers for its mainnet. The official launch of the network is planned for August. The project is built on Optimism’s OP Stack and operates as an Ethereum-like network of rollups<\/a>.<\/p>\n

As reported by Scimitar Capital, PEPE meme-token holders realized $160 million<\/a> in profits. Most of the sum went to users who bought the asset in its first week after launch.<\/p>\n

According to Lookonchain, the total unrealized profit of the ten largest Milady holders reached $20 million<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

New meme cryptocurrencies appeared in Coinbase’s Base L2 network, some of which posted multifold gains.<\/p>\n","protected":false},"author":1,"featured_media":82398,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[138,1161],"class_list":["post-82397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinbase","tag-memes"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=82397"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82397\/revisions"}],"predecessor-version":[{"id":82399,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82397\/revisions\/82399"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/82398"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=82397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=82397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=82397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}