Seems that #Altseason2 has already started on #BaseChain as we are witnessing internal fund movements inside the blockchain. Some of the main native projects are flying to the moon already.
Yes it's internal with minor value coming from the outside: Base's total market cap is nearly the same. Base actually acting as a closed economy!
It's interesting to see what happens on such a smaller scale and generalize from there to understand what happens on the whole crypto ecosystem.
This said I think $ETH will have a slight boost within few weeks due to this early "Alts" cycle happening on base, as gains will be probably conducted back to ETH.