The carnival ended in less than four hours. Are you FOMO about today's Base?

Today, there was a meme frenzy on the Base chain. As soon as the meme pre-sale gameplay of Solana on the front foot was cold, the idiots on Base on the back foot were flying all over the sky. But unfortunately, bull market lengths are measured in hours.

Base’s top meme coin DEGEN rose from the bottom to over $0.007 today, but has fallen to $0.005 as of writing.

DEGEN has For meme coins with certain fundamentals, the decline is not exaggerated. However, meme coins that have recently opened, including OVER and BACK, have suffered sharp declines.

OVER and BACK are a pair of Meme coins that can be used to trade market sentiment by purchasing OVER or BACK. It is a real-time on-chain prediction market for fear/greed indicators. The project took a snapshot of OVER and BACK at 22:15 yesterday and started the trading competition. In the next 24 hours, the winner will be determined based on the 24-hour trading volume, market value and number of holders, and will be awarded to the winner. One party is giving away 2.5 million tokens, and only holders of one party’s tokens will win the airdrop (worth approximately $2,000).

This gameplay and concept make Many retail investors' FOMO surged higher, but as profits fled, these two meme coins fell as fast as they rose, creating a roller coaster market.

In addition, the most outrageous thing is that Base’s last pre-sale meme coin Ticker also “resurrected”, with the price rising from zero to The highest price is $0.012, successfully allowing many airdrop recipients who were previously trapped to make a profit and leave the market.

Related reading: "The person in charge of the Base protocol was also cut off. Why did the Ticker return to zero? 》

Everything happened too fast and there was no time to explain. This scene made the foreigner say "I love the Chinese".

Currently, Base’s TVL Reaching US$686 million, the increase since March ranks among the highest among other Layer 2 players. As of the writing of this article, the level of fomo about Base in the community has somewhat subsided, but this four-hour Base bull market made the market briefly realize that the Base chain seems to be becoming different.

After Cancun is upgraded, The Gas fee of the Base chain has dropped significantly, and Base is backed by Coinbase and many leading VC platforms. The sacred disks that were once born are still circulating in the market. We still need to pay attention to this most unique Layer 2 of Ethereum. superior.

The meme currency market fluctuates greatly, and many times it is even the pvp gameplay of group friends, but it is undeniable that at present, this is a rapid gathering of hot money and attention in the market. The best way to do this is that Base has gone from BALD to DEGEN today. There is no shortage of genes that can lead to success. What is missing is the community culture that continues to build the meme ecology. Through meme coins such as WIF and BOME, Solana has successfully created the most surprising market wealth creation movement this year besides the Bitcoin market. We will wait and see what kind of ecosystem Base will develop next.

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