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The fervor around memecoin mania shows no signs of slowing, but the emergence of shiny new tokens to ape has caused the battleground for attention to become increasingly competitive, threatening the dominance of existing projects. What plays are top memecoin communities making in hopes of recapturing the market’s attention?
Within the Ethereum ecosystem, Base has emerged as a hotspot of onchain activity, consistently processing over a million transactions per day since EIP-4844 went live and overtaking Blast to become the third largest L2 after experiencing a 2x increase in assets on the chain in the past 10 days.
In efforts to capture a portion of the flows going into Base’s memecoins, a sector with a market capitalization of just over $1B according to CoinGecko, the ticker BITCOIN account tweeted yesterday it would be deploying on Base, prompting a short-lived rally that spiked price by nearly 20% in the 15 minutes following the announcement.
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