Bitget’s new meme coin (MOEW) has recorded double the amount of Brett (BRETT), the most important meme coin on the Base community, up to now 24 hours.
11,700 particular person wallets maintain MOEW hours after the discharge.
A meme coin issued by cryptocurrency change Bitget has surged by greater than 14,000% to a $31 million market cap hours after being launched.
The ticker for the token, which was issued on Base community, is MOEW, and it’s at present buying and selling at $0.0028 on the again of $34 million value of buying and selling quantity, CoinMarketCap information reveals. 11,700 particular person wallets at present maintain MOEW, in response to Basescan.
“Only for funsies, nothing too critical. We wanna see what the ability of memes can do,” Bitget wrote on social media platform X.
Base is quickly rising as a number one venue for meme coin merchants because it makes an attempt to steal the thunder from Solana, which has been the first blockchain for memes to this point on this bull market cycle.
The most important meme coin on Base is Brett (BRETT), a token that’s primarily based on a personality from Matt Furie’s Boy’s membership comedian. Brett has elevated in worth by 89% up to now week, whereas MOEW has already recorded double the amount Brett has racked up up to now 24 hours.
Meme cash are risky property by nature as they don’t have any underlying worth or utilities. A number of meme cash like WIF have achieved a market cap of above $1 billion up to now yr, whereas many others have petered out to zero amid a wave of rug pulls.
Learn extra: Meme Cash (and Pepe’s Finest Buddy) Swarm Coinbase Layer 2 Chain
