Base Ecosystem Meme Token TYBG has risen by more than 50% in the past 4 hours and is currently reported at $0.00018

According to BlockBeats, on April 24, market data showed that the Base ecosystem Meme coin TYBG rose by more than 50% in the past 4 hours, temporarily reporting $0.00018. BlockBeats previously reported that Jesse Pollak, head of the Base protocol, announced the official establishment of The Based Institute (basedinstitute.eth). The research institute aims to study "What It Means To Be Based", including the origin of the word "based", The Base God, and other early cultures on Base. As part of its mission, The Based Institute has begun distributing ETH and TYBG tokens for free to any "based person" in the world, including early and active users of Farcaster. To date, more than 6,000 recipients have received support from the Base economy.