- The largest memecoin on the Base blockchain is making headlines by surpassing a prominent competitor in market cap.
- BRETT, a memecoin associated with the frog-themed altcoin Pepe, has surged 426% over the past 30 days and is currently trading at $0.18.
- The memecoin draws its inspiration from the character Brett, a blue creature from the Boys Club comic series by Matt Furie, who enjoys dancing and fashion.
Discover the meteoric rise of BRETT, the latest sensation on the Base blockchain, as it briefly overtakes BONK in market cap and continues to captivate the crypto community.
BRETT Flips BONK, Gains Significant Market Cap
Early on Monday, BRETT successfully surpassed Dogecoin (DOGE) rival BONK in terms of market cap. Although this lead was short-lived, BRETT’s market cap reached a peak of $1.796 billion before dipping slightly below BONK by $71 million. This memecoin has seen unprecedented growth, with an impressive 21,317% increase since February, when its trading value was below $0.0009.
The Origin of BRETT and Its Connection to Pepe
BRETT coin’s inspiration comes from Brett, a character in the Boys Club comic series created by Matt Furie, who is also the creator of the famous Pepe meme. Brett, a stylish blue figure known for his love of dancing, is now immortalized in the crypto world through this innovative token. Pepe’s popularity laid the groundwork for BRETT, allowing it to ride the coattails of an already established cultural phenomenon.
Staggering Returns and Whitelisted Wallets
The blockchain tracking firm Lookonchain identified two wallets whitelisted by BRETT’s developers that achieved extraordinary gains. In just a few months, these wallets turned a modest investment of 0.034 ETH (approximately $102) into an astonishing $3.14 million. Specifically, these whitelisted wallets, which are approved for specific crypto events like initial coin offerings (ICO), managed to buy 172.56 million BRETT in February and later sold 122.74 million BRETT for 890.65 ETH via multiple wallets, resulting in a profit margin of 30,830x. This mind-blowing return on investment highlights the lucrative potential and inherent risks in the memecoin market.
Insights from Crypto Analyst Shady
Renowned crypto analyst, Shady, has pointed out that the Brett deployer whitelisted 139 addresses, which allowed early adopters to gain a significant advantage in acquiring BRETT. This strategic move contributed to the coin’s rapid valuation increase, as these whitelisted wallets facilitated liquidity and trading volume, attracting more investors looking for high-reward opportunities.
Conclusion
BRETT’s remarkable ascension within a few months underscores the volatile and unpredictable nature of the cryptocurrency market. With its substantial market cap and incredible gains, BRETT has positioned itself as a noteworthy player in the memecoin space. The crypto community will be monitoring this coin closely, as its future developments could offer further insights into the dynamics of blockchain-based assets and their market behaviors. Investors should remain vigilant and conduct thorough research before diving into high-risk investments like BRETT.
