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Crypto Trade Bitget Joins Meme Coin Hype, Points Token That Rises 14,000%

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Bitget’s new meme coin (MOEW) has recorded double the quantity of Brett (BRETT), the biggest 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 trade 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 presently buying and selling at $0.0028 on the again of $34 million price of buying and selling quantity, CoinMarketCap knowledge reveals. 11,700 particular person wallets presently maintain MOEW, in response to Basescan.

“Only for funsies, nothing too severe. We wanna see what the facility 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 thus far on this bull market cycle.

The biggest 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 quantity Brett has racked up up to now 24 hours.

Meme cash are unstable belongings by nature as they haven’t any underlying worth or utilities. A number of meme cash like WIF have achieved a market cap of above $1 billion up to now 12 months, whereas many others have petered out to zero amid a wave of rug pulls.

See also  Why AI Cash Could Skyrocket In March?

Learn extra: Meme Cash (and Pepe’s Finest Pal) Swarm Coinbase Layer 2 Chain

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