Overview
Memecoin seasons are probably slowly shifting into Base from Solana. Base’s volume is almost 3x in a week sitting at US$720 million (based on Dexscreener). However, this volume is still a half much lower than Solana’s (US$1.88 billion).
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By observing user’s activities, there are significant increases since early March 2024. Obtained from Dune, there are 1.4 million weekly active users in the 2nd week of March, a significant increase from 416k in the 1st week of March. Daily tx also hit an all time high at 2.1m txs (16/3/24).
Total value bridge hit a 2nd all time high with US$147m worth of tokens bridged in the 3rd week of March.
Memecoin on Base
Here is a brief explanation about memecoins on Base:
1. $BRETT
Market Cap: $439 million
Origin: Based on the character Brett from Matt Furie’s book “Boy’s Club”
Noteworthy: Frontrunner for the first unicorn coin on the Base chain
2. $TOSHI
Market Cap: $279 million
Origin: Named after Bitcoin founder Satoshi Nakamoto
Noteworthy: Aims to offer utility beyond being a memecoin, with planned features like a multisender and liquidity locker
3. $DEGEN
Market Cap: $250 million
Origin: Community currency of the decentralized social media protocol Farcaster
Noteworthy: Holds utility within the Farcaster ecosystem, potentially driving further growth
4. $NORMIE
Market Cap: $168 million
Origin: Embraces onboarding the masses to crypto with high-quality memes
Noteworthy: Backed by influential crypto Twitter traders, emphasizing meme quality
5. $DOGINME
Market Cap: $121.5 million
Origin: Leading canine contender on Base
Noteworthy: Supported by influential crypto Twitter accounts, known for its memeable mascot
6. $MOCHI
Market Cap: $77.2 million
Origin: Feline memecoin associated with Brian Armstrong
Noteworthy: Received a Coinbase grant, indicative of potential future developments
7. $TYBG
Market Cap: $70.9 million
Origin: Stands for “Thank You Base God,” inspired by Brian Armstrong
Noteworthy: Known for its dedicated community adhering to Based Commandments
8. $BRIUN
Market Cap: $25.3 million
Origin: Humorous take on Coinbase founder Brian Armstrong
Noteworthy: Reflects the popularity of Armstrong-centric memes within the Base community
9. $BLOO
Market Cap: $16.4 million
Origin: Based on Coinbase lore involving Brian Armstrong and Jesse Pollak
Noteworthy: Endearing backstory with potential for further growth as Base expands
Recently Launched Memecoin
$ROOST
The first presale on Base sent shockwaves across the cryptocurrency community. With anticipation reaching fever pitch, the presale garnered ridiculous attention across Crypto Twitter, with the latest tweet receiving over 100,000 views. However, amidst the frenzy, chaos ensued as @RoostCoin found itself the victim of impersonation, leading to a temporary ban that left the community reeling for several hours.
Despite the turbulence, the team boasts a clean website and a massive team of influencers rallying behind it. Yet, amidst the excitement, nefarious actors attempted to exploit the situation, flooding the market with fake $roost tokens, driving their value above 100 million in a whirlwind of speculative frenzy.
Twitter: https://twitter.com/roostcoin
Presale Raised: US$2 million
By simple math, a 50% Presale means your investment roughly being halved. A $4m marketcap would be breakeven. Aiming $10m would be 2.5x, $50m would be 12.5x, and $100m would be 25x.
$GHOZALI
With lightning speed, the project's 2 million presale slots were swiftly filled within a mere four minutes, showcasing the fervent demand among eager investors. Adding to the allure, the decision to allocate 100% of the raised Ethereum to liquidity provision promised a robust liquidity pool, synergizing perfectly with the impending 404 drop.
Adding to the project's credentials, it boasts a well-known meme and NFT collection from past bull markets, instilling confidence in its ability to capture the attention of both seasoned and novice investors alike. Collaborating with @Pandora_ERC404 to deploy on Base not only signifies a strategic move but also ensures significantly lower transaction costs, a factor that could prove instrumental in attracting a broader audience.
Furthermore, the project's alignment with the memecoin meta on Base offers a refreshing twist, presenting itself as "altcoins with pictures," appealing to the growing community's appetite for innovative and visually engaging projects.
Twitter: https://twitter.com/Ghozali_Ghozalu
Presale Raised: 400 $ETH, or roughly US$2 million
By simple math, a 40% Presale means your investment roughly being 0.4x. A $5m marketcap would be breakeven. Aiming $10m would be 2x, $50m would be 10x, and $100m would be 20x.