Base is for everyone Market Cap Surpasses $20M, Soars 150% in 6 Hours

BlockBeats News, April 17, according to GMGN market data, the market value of Base, a new meme coin in the Base ecosystem with the slogan "Base is for everyone," has surpassed $20 million, currently standing at $20.56 million, representing a 150% increase in the past 6 hours. The 24-hour trading volume has reached $26.3 million.

Earlier, the official Base team made a post at 3:12 am today with the message "Base is for everyone," stating that they had minted related tokens on Zora. However, the minting of the similarly named meme coin on the Base network occurred before the official Base announcement, and there were three wallet addresses that heavily bought in before the Base post and then dumped their holdings, causing the coin price to plummet by over 95% at one point.

BlockBeats Note: Meme coins are highly volatile, often driven by market sentiment and hype around a concept, with no real value or use case. Investors should be aware of the risks involved.