Coinbase's Base Welcomes Meme Coin Season: Assets Rise Up to $7 Million
In the ever-evolving landscape of cryptocurrencies, Base, the Ethereum-based Layer-2 blockchain network by crypto exchange Coinbase, is hitting new milestones with a massive meme coin frenzy on the platform. Meme coin mania drives exponential growth on Coinbase's Base, signaling a new chapter in cryptocurrency evolution.
This meme coin rally gave rise to the popular meme tokens like dogwifhat (WIF), Book of Meme (BOME), and Slerf (SLERF). Dogwifhat shot up 358% between Februay. On Sam Baseman Fraud, a new meme coin created on Base shortly after the sentencing of Sam Bankman-Fried, pumped by 35,000% before crashing.
The incident has sparked a heated debate about the future of memecoins and on-chain content, raising questions about the responsible promotion of digital assets. Degen Chain, a...