Through a coordinated effort involving Base's official Twitter account and its founder, the meme coin named TSG saw its market cap surge to an opening high of $6.4 million.

BlockBeats News, May 19, according to GMGN monitoring, the Base ecosystem Meme coin TSG surged significantly at the opening in the afternoon today, with the market cap peaking above $6.7 million, currently trading at around $6.4 million, and the trading volume during the same period reaching $6.7 million.

It is reported that TSG, short for The Sleeping Giant, was first mentioned by a Base ecosystem KOL in a post, which was then manually retweeted by Base founder Jesse. The Base official account also simultaneously released related meme images. Coupled with the relay promotion by well-known crypto KOL Ansem, the attention from various parties converged, leading to widespread attention upon the launch of the on-chain homonymous Meme coin.

BlockBeats reminds users that Meme coins experience huge price fluctuations, mostly relying on market sentiment and concept hype, without actual value or use case. Investors should be aware of the risks.