BALD Leading Trend Memecoin On Layer 2 Base With 160% Gain In 24H

Key Points:

• BALD is leading the memecoin trend on layer 2 Base with a 160% increase in the last 24 hours.
• BALD capitalization from 0 to $55M on the first day of launch.
• This trend makes the new memecoin the 5th most liquid token of all chains on DEX Screener.

The community’s attention is on a new memecoin created on Layer 2 Base, BALD, even though it’s been made just over a day.

On July 13, Base launched the first mainnet version for “builders,” including investment funds, developers with extensive experience in product testing, and Base’s partners. After just over 2 weeks of launching the mainnet for builders, Base has caught up with the meme trend of other chains and launched BALD.

Some investors in BALD have reaped huge profits, with some individuals sharing stories of achieving a return on investment (ROI) of almost 1000x and others making amazingly large returns up to $400,000 overnight. These huge gains stem from a list of projects and memes that have recently heated up on BASE.

Interestingly, BALD is classified as a memecoin, a digital currency often driven by trends and social media sentiment, rather than intrinsic value.

The extreme FOMO of the market has made this new memecoin into the top 5 most liquid tokens of all chains on DEX Screener, its capitalization going from 0 to $55M on the first day of launch. DEX Screener is a useful tool for those specializing in DEX hunting and searching for “hidden gems” on decentralized exchanges.

Many people have been surprised and missed out on these huge sums of money, with some individuals expressing their regrets publicly. While the rise of $BALD has created huge fortunes for some investors, it also serves as a reminder of the volatile and unpredictable nature of the cryptocurrency market.

The risk may come from the fact that Base still needs an official cross-chain bridge solution from Ethereum. BALD’s Twitter page is also warning the community to be careful during the money transfer process, as well as emphasizing that the current bridge is Base’s mainnet bridge, so it only supports one-way money transfers, not withdrawals yet.

BALD has dropped from as high as $0.86 to $0.55 today, up 160% in the past 24 hours.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.