- The meme coin $BALD, launched on Coinbase’s new Layer 2 blockchain, BASE, skyrocketed over 40,000% in 48 hours, minting overnight crypto millionaires.
- Speculations about Coinbase CEO Brian Armstrong’s possible involvement with $BALD have added to the hype and mystery around this memecoin.
The world of cryptocurrencies, particularly memecoins, is no stranger to extreme volatility and eye-popping returns. The latest entrant to this high-risk-high-reward club is the previously unknown memecoin, $BALD, which witnessed an unparalleled growth of over 40,000% in just 48 hours, turning a few lucky investors into millionaires overnight.
$BALD to $100M Mcap?!
A new memecoin emerged on @coinbase's new chain, BASE, built on Optimism.
It has since done a 100X in just a few hours, being one of the few coins that can be aped on BASE chain.
However, here comes the interesting part!
The coin itself seems to have… pic.twitter.com/2zdMRZjdsS
— MTS (@matrixthesun) July 30, 2023
The Subtle Rise of $BALD
This rather obscure cryptocurrency made its debut on BASE, an innovative blockchain solution developed by the renowned cryptocurrency exchange, Coinbase. Built on Optimism, a technology designed to enhance Ethereum’s scalability, BASE has been at the heart of $BALD’s success. One of the first cryptocurrencies on this new chain, $BALD has rapidly made its mark in the crypto world.
Exceeding Expectations: A Wild Ride
Investors in $BALD reaped tremendous returns, with reports of profits ranging from 1000x ROI to mind-boggling earnings of $400,000 within a single night. The stratospheric rise of $BALD has been attributed to a series of projects and memes that have recently gained popularity on BASE. Despite its classification as a memecoin – digital currencies primarily driven by social media trends rather than inherent value – $BALD has shown remarkable growth potential, with discussions suggesting it might even reach a market cap of $100 million.
A Cautionary Note
However, with great reward comes great risk. The extraordinary surge of $BALD has underscored the volatile and unpredictable nature of the crypto market, especially in the context of relatively unknown and highly volatile coins like $BALD. While tales of overnight riches are certainly tantalizing, investors are urged to exercise due diligence and assess their risk tolerance before diving into such ventures.
The Brian Armstrong Conundrum
Adding fuel to the already blazing $BALD frenzy are speculations about a possible association between Coinbase CEO, Brian Armstrong, and the memecoin. Although there’s no concrete evidence linking Armstrong directly to $BALD, the mere hint of such a connection, given his influential standing within the cryptocurrency industry, has certainly increased the coin’s intrigue.
As the unfolding journey of $BALD continues to fascinate the crypto community, all eyes are on what surprises this unique coin, launched on a new and uncharted blockchain, will bring next.
