➡️ The memecoin movement has spread to the Layer 2 Base network. Many #memecoins have surged from a few hundred to several thousand times over the past few days.

➡️ Prominent among them, the memecoin #BALD has increased more than 20,000 times in the past day. In addition, BASED also increased to 5,580 times, while OPTISM increased 435 times.

➡️ Because of this trend, the transaction data on Base has recently grown significantly. According to data from Dun Analytics, more than 25,000 ETH (equivalent to 40 million USD) has been transferred to this network. Among them, 9,800 ETH is in the BALD/WETH pool on the LeetSwap decentralized exchange, which operates on Base. Besides, according to data from DEX Screener, this network performed more than 276,000 transactions in just July 30.

➡️ Base is a Layer 2 network developed by Coinbase and recently launched its mainnet version for developers on July 13. However, the network is still not ready for the majority of users because there is no official bridge. Therefore, users who want to trade these memecoins must learn carefully because memecoins always have a lot of risks and in addition, the fact that Base has not opened the mainnet for all users makes this use of Layer 2 quite difficult. hard.

$SHIB $DOGE $PEPE

The horizontal trend in the cryptocurrency sector continues. The failure of the leading cryptocurrency Bitcoin (BTC) and the leading altcoin Ethereum (ETH) to realize the expected breakdowns still causes the interest in the market to decrease.

Although small investors are waiting for a new break, whales continue to buy and sell. The trading movements of whales can deeply affect crypto assets.

The Giant Whale Has Started Collecting the Altcoin Called BALD!

According to the information shared by Look On-Chain, a successful data provider, as of today, a whale has sold Ethereum and #PEPE and bought a meme coin called #BALD .

BALD, which has recently gained more than 50 times in value, has attracted the attention of cryptocurrency whales. Look On-Chain shared the following information about the buying and selling movements of this whale:

“A whale spent 500 ETH (worth 937 thousand dollars) to buy 13.6M BALD tokens 5 hours ago and became BALD's largest investor other than its developer.”

“This person is a PEPE whale and sold 720.8B PEPE tokens for 501.5 ETH (worth 943 thousand dollars), then used these ETHs to buy BALD.”

“Currently, this person has 3.72T PEPE (worth $ 4.92 million).”

The continuation of the purchases of whales may bring much bigger upsurges in the meme coin named BALD. #memecoins #Binance

Onchain Trader named Cheatcoiner turns his $500 into $1.5M with BALD token

Base Network, an #Ethereum Layer 2 (L2) chain, launched its Mainnet yesterday!

Shortly after the Base Network bridge was enabled, Cheatcoiner achieved a jaw-dropping feat by turning his initial $500 investment into a staggering $1.5M in just under 24 hours. The catalyst behind this phenomenal rise was the meme token called #BALD which is built on Base Network and astonishingly surged by a mind-boggling 3 MILLION percent within the same period.

Cheatcoiner's genius move involved purchasing 2% of the $BALD supply when it had a market cap of under $50K. However, the true turning point came on Sunday when the $BALD market cap skyrocketed to an astonishing $85M, bringing his total balance above $1.5M

As exciting as this success story is, it's important to exercise caution in the world of cryptocurrencies. While substantial gains can be made by identifying promising new projects early, it's essential to be aware of the risks associated with new launches, which could potentially lead to "Rugs" or "Honeypots."

Remember, this information is not financial advice! Always conduct your own research (DYOR) before making any investment decisions in the volatile world of cryptocurrencies.

For more insightful articles like this, make sure to follow me.

#BASE #Worldcoin #Layer2