As the general sentiment within the crypto market veers towards bullishness, leading cryptos have regained their previously lost levels and ignited further interest in meme coins. Brett (BRETT) has emerged because the standout performer, experiencing a 400% gain previously 30 days alone.
Having launched just three months ago, BRETT now boasts a market cap of $1.7 billion, positioning itself as the highest gainer in the highest 100 spot of the market.
The Largest Meme Coin On The Base Network
BRETT is a meme coin built on the Base network, with its mascot inspired by a personality in Matt Furie’s Boys’ Club comic. Since its launch in February 2024, BRETT has turn into the biggest meme coin on the Base network by way of market cap, earning the title of “PEPE’s best friend on BASE.”
Notably, BRETT stands out as a consequence of its renounced contract and absence of a minting function, which places the token’s trajectory fully within the hands of its community. The creator of BRETT cannot generate additional tokens or manipulate the contract, relying as an alternative on the colourful and dedicated community to drive its development.
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With a hard and fast total supply of 10 billion tokens, BRETT’s scarcity and potential future value are influenced by the limited creation of recent tokens. The coin follows a good launch model, ensuring equal opportunities for all participants.
BRETT doesn’t impose transaction taxes, which might incentivize trading activity but may impact long-term value.
Regarding distribution, 85% of the tokens are allocated to the Liquidity Provider (locked), 10% to the Treasury, and 5% to the Centralized exchange wallet.
BRETT Surges 21,000% From All-Time Low
As of now, BRETT is trading at $0.1794. It maintains its position as the highest meme coin on the BASE network while also being the market’s best performer, experiencing a 33% surge within the last 24 hours.
CoinGecko data reveals a staggering 21,000% increase from its all-time low, highlighting the immense surge in interest the token has garnered in recent months.
Moreover, BRETT’s trading volume has increased significantly, rising by 62% previously few days to succeed in $219 million. Notably, BRETT is the primary meme coin on the Base network to surpass a $1 billion market cap.
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While BRETT’s current uptrend is notable, it stays to be seen whether the token can sustain its momentum and climb to higher positions out there. If that’s the case, it could potentially surpass other meme coins like Bonk Inu (BONK) by way of market cap, with the difference between the 2 being a mere $200 million.
At its all-time high (ATH), BRETT reached $0.1887, which could function a near-term resistance level for the token, because it has struggled to surpass this mark previously two days.
The every day chart shows BRETT’s price uptrend. Source: BRETTUSDT on TradingView.com
Featured image from DALL-E, chart from TradingView.com