📍 Meme coins are taking off on #Coinbase ’s Base Layer 2, with $BALD soaring above the rest!
➡️ The hype is unreal, with a +40,000% surge in less than 48 hrs:
➡️ Transactions: 14,779
➡️ Volume: $70M
➡️ Market cap: $70M
➡️ One lucky user even turned $500 into $1.5 million with BALD meme tokens.
➡️ But here’s the catch
➡️ These funds are "trapped" in the base ecosystem
➡️ There is nothing to do with the funds on the Base chain besides gamble with them in the ecosystem
➡️ Again this is not to say that I am bearish on the coin
➡️ With BASE chain having some of the low gas fees and a bridge to other chains scheduled to launch in August, this could be a winner
➡️ As more capital is bridged into the BASE chain and BALD being a very liquid coin, it could mean one thing
$BTC $ETH