Just the day before yesterday, the MEME track created another legend. The MEME coin codenamed $BALD exploded 2,000 times, and it was almost zero a day later. Many people were curious about how something that they had never heard of could be kept silent. So exciting?

In fact, BALD is still very popular on the Internet. It is a MEME project on Base, a Layer2 public chain owned by Coinbase. The boss of Coinbase is a big bald man. The creation of a bald coin on Base has indeed piqued the interest of many people.

With a maximum market capitalization of US$80 million, liquidity of US$30 million, and 24-hour trading volume of US$100 million, this one-day-old project makes people doubt themselves. Is this still a bear market? Why am I not playing in the same market as others?

In fact, in the bear market, it is even more necessary to compete in information gap and immediacy. Otherwise, you will really have to watch others make money and break your own thighs. The difference in information is the difference in information. In the final analysis, the MEME project is still faster than anyone else.

I just finished the article yesterday and haven’t had time to post it yet. Well, BALD ran away tonight. So the question is, is there any other opportunity for BASE? By analogy, where may similar surges occur in the future? Today we find out.

What happened to Base?

Friends who follow Lumao may be the first to wonder and say, it’s okay if Base doesn’t issue coins. It’s clearly said that the mainnet will be launched in August. Those who are getting rich won’t get rich with test coins, right?

Of course not, the current Base official documentation shows that the Base official bridge is currently only connected to the test network, and the official bridge cannot be used to connect to the Base main network. However, users can still deposit funds into Base by manually transferring funds to the contract. That is to say, the user first manually adds the Base network to the wallet, and then transfers the ETH directly to the contract address of the cross-chain bridge. It should be noted that the contract can only receive ETH currently, and this address is only applicable to the Ethereum main network. , assets can also be sent from other chains.

ok, the cross is over, you happily rush to a local dog, you are very lucky, it has doubled and you sell it perfectly. At this time, you want to cross the ETH back to the Ethereum main network, sorry, you can't.

This is why the current situation of Base is like a Pixiu, you can only get in but not get out. However, there are only a few Swaps on Base. Do you want to pledge and borrow? no way! So what else can you do with the leftover ETH? Keep buying MEME. It is for this reason that the money that was originally profited from the MEME hype model cannot escape, which indirectly contributed to this crazy increase.

At present, the Ethereum contract address of Base's cross-chain has received 35,000 Ethereums, which also means that the TVL of the entire Base chain has reached 66 million US dollars. The increase on the 7th was 6700%, which is a terrifying speed.

BTW, by the way, there was a lot of news in the Chinese circle last night that was suspected of Base officially shutting down the Base chain. It is obviously fake, and there is no need to FUD.

What happened to BALD? What opportunities are there? How to grasp it?

Opportunities are divided into local chain opportunities and external chain opportunities.

Currently, for this chain, BALD originally ranked as the leader in Base's market capitalization, with a market capitalization of US$80 million at its highest. This market capitalization is already a bit high for the MEME of the new public chain, and it is a pure MEME that issues coins by adding a liquidity pool. , it can be issued for only 18 US dollars, there is no physical project, and it is not a project supported by BASE. Sure enough, after reaching the high point, the price dropped by almost half, and the trading volume also plummeted. Subsequently, the BALD project team directly withdrew the funds from the pool and ran away. The current market value is only a measly US$6 million.

To put it bluntly, everyone knows that BALD is of no use. Buying a bald coin can only make you laugh at the boss of Coinbase, and then throw away the profits. The mood of Yibo Liu is very obvious. They are competing to see who can endure the longest and get the biggest increase, and who can run early without profit retracement or loss. As a result, many of the big V friends that V customers knew before had lost more than ten or twenty points when the project team did not run away. After the project team ran away, they directly took away tens of millions of dollars, all of which were the money of retail investors who had no time to run away.

What’s even more outrageous is that the BALD project side directly treats retail investors as fools and cuts them off repeatedly.

The first time the pool was withdrawn, 10,000 ETH and 200 million BALD were withdrawn, and the price dropped from 0.09 to 0.02. After the drop, the project team looked at the desperate retail investors and felt that it was not enough, so they added 400 ETH and 18.08 million BALD to the pool. As liquidity, there was a two-level reversal. Desperate retail investors directly shouted that the bulls would come back soon. At this time, some stupid big investors used 1,000 ETH ($1.87M) to buy 28.03 million BALD. Two hours later, the project team bought the previous 400 ETH is withdrawn.

Well, now, the stupid big investor’s US$1.87 million only had a paper value of US$112,000 after two hours. The liquidity was too poor and he couldn’t sell it. It can be seen that greed is the most intelligent behavior.

Everyone knows that Base is a brave man, so after the funds left BALD, they could only wander around Base to find new possible narratives. As the largest DEX on Base, Leetswap naturally took over the second wave of traffic, so LEET also increased five times.

In addition, the things that were previously associated with bald heads, such as HAIR and HAIRLESS, also exploded and then returned to zero. It can be seen that the current MEME track of Base does not pay attention to logic and value. It only focuses on whoever can attract the attention of gamblers and have the opportunity to complete a wave of rise and then return to zero obediently.

If you are good at grasping emotions, know what the public is interested in, and understand technology, then maybe you can pay attention to the new MEME coin on Base and take a risk in the early stages of creating a pool. But to be honest as a V customer, ordinary people can just take a look. If you are really itchy, it is better to buy scratch-off tickets than this!

If we analyze external link opportunities, there is indeed a relatively certain opportunity, and that is the Shibarium chain. why?

First of all, the current bear market is too boring. The market has been sideways for more than a month, and the funds on the market can only be divided among each other. MEME has undoubtedly become the best target, with high risks and high returns. The secreted dopamine stimulates people's boring brains. MEME has become a popular track.

We all know that the leaders of MEME are DOGE and SHIB. SHIB, as the second dragon, will launch its own Layer 2: Shibarium in early August. An L2 with its own MEME attributes will definitely become the largest casino. The top card of the casino must be the token that first adds a liquidity pool to the chain. We don’t know what it is called specifically, but what we are sure of is that when the Shibarium mainnet is released, the first batch of players who rush in risk it. Minimum, maximum return.

Interested friends can enter our community. We will notify you as soon as Shibarium is launched and provide relevant tutorials.

Finally, as a cliché, let’s talk about risks after talking about opportunities.

BALD's escape has once again sounded the alarm for us! Always remember that no matter how big a native dog is, there is always a risk of becoming zero!

There are two main types of risks:

First, there is the risk of the project party running away. There are two aspects of the project side here. The first is the project side that creates a liquidity pool in DEX. This is the easiest way to escape. They may quietly allocate a large amount of tokens for themselves through code backdoors. After taking the bait, a huge amount of tokens directly penetrated the pool. Or just withdraw from the pool and leave like BALD.

Many MEMEs in Base now operate in this way. If you look at the K-line, the life cycle usually does not exceed one hour. It has been rising very well, but a one-minute negative line directly brings the price to zero. In the absence of code application support, MEME only recommends participating in the first few minutes, fast in and out.

Second, the DEX project side runs away. Referring to the recent behavior of many Swaps on ZKS, the risk of DEX running away is not low. Similarly, there are two ways: the first is simple and crude, in which the anonymous project side withdraws from the pool if they disagree with each other; the second is that the project side promotes being attacked by hackers and causes losses. In fact, these code loopholes may have been reserved by themselves. This hacker is also himself, and he is impeccable in directing and acting.

The current leading DEX in Base, leetswap, is not a native project of Base. It was established as early as last year and has been deployed on Polygon, Linea and Base. Generally speaking, the first DEX of a public chain is a related user of the public chain. If it is really Coinbase, then of course there is no need to worry. At present, it has little to do with Coinbase, and the risk of Leetswap running away is not low.

Look at it rationally, this is a knife-edge game. You can call it a casino, or you can call the outrageous increase the reward of the brave. No matter what, you already know what risks you can take. , and then consider whether to participate. Don't lose your ability to think just because you see other people's myths about getting rich.

Okay, DYOR, none of the above content constitutes investment advice. See you in the next issue!