Cryptocurrency whales are actively trading high-risk tokens on the new Base second-level network and other blockchains. Among the top tokens owned by these whales are the Arbitrum governance token (ARB), the casino token RLB and the memetic tokens BALD, TOSHI, PEPE, HarryPotterObamaSonic10Inu with the ticker BITCOIN, Nansen reports.

Also among the popular tokens is UNIBOT, a Telegram trading bot token. These 22 whales are exhibiting crypto-native tendencies and have moved over 100 ETH (worth $185,100) to Base since July 31st. More casual users were waiting for the Base frontend and egress bridge to launch to return to the Ethereum ecosystem.

Early Base whales were also active in competing Ethereum scaling solutions such as Arbitrum, Optimism, zkSync Era and Polygon zkEVM. “There is a strong bias towards memetic coins among these whales,” said Nansen analyst Niklas Polk.