Base Dawgz Presale: Meme Coin On Base Instantly Raises $200,000 as Coinbase Prepares to Onboard 100 Million Users

Base's On-Chain Summer is well underway, with Coinbase's much anticipated 'Smart Wallet' officially launching today.

Coinbase prepares to onboard 100 million users onto the Base network with its new smart wallet, allowing users to trade 100+ tokens on Base as easily as sending a text message.

In other news, a new meme coin called Base Dawgz has quickly raised over $200,000 in its presale, aiming to become the WIF of Base.

Base’s On-Chain Summer is well underway, with Coinbase’s much anticipated ‘Smart Wallet’ officially launching today. The smart wallet will allow all 100 million Coinbase users to trade Base tokens on-chain using an extension of the Coinbase UI.

This will even allow 100+ tokens on Base to be sent on mobile as a text message. This development will be instrumental in Base’s push to become the number one Layer-2 chain.

Send over 100 tokens on Base as easily as a text.

Whether it's memecoins or stablecoins, sending crypto on @base has never been easier. pic.twitter.com/zeo6qo4m4T

— Coinbase Wallet 🛡️ (@CoinbaseWallet) June 4, 2024

The launch of Base’s on-chain summer began on May 24th, with the announcement of Chainlink integrating its services into the Base network. This move will allow Chainlink oracles to service Base defi protocols.

Later, on May 26th, Coinbase announced that it had partnered with Google to enhance the Base network’s developer experience. This partnership will see Google integrate its BigQuery analytics platform into the Base network.

Finally, on June 2nd, Coinbase announced a partnership with Shopify to integrate Base into its e-commerce platform. This move will allow merchants on Shopify to accept Base tokens as a payment method.

Coinbase Ecosystem Is Extremely Bullish Right Now

The Coinbase brand is very hot right now. Its stock price currently ranges between $240 and $245 and looks set to move toward its all-time high of $279, which it hit back in March this year.

Once above $280, COIN stock will be entering price discovery, and with Coinbase being the number one crypto exchange heading into this bull market, the sky is the limit on where the stock price will go.

(COIN-NASDAQ)

First quarter revenue for Coinbase is reported to be $1.64 billion, up 122% year-on-year. The Q1 2024 net income is more impressive, coming in at a profit of $1.18 billion.

Net income for Q1 2023 saw a loss of $78.9 million, and this huge gain can be attributed to many factors. Namely, the bull market is slowly returning, coupled with the negative press surrounding its biggest competitor, Binance.

With the live Coinbase Smart Wallet, all eyes will be on the Base ecosystem. The influx of new participants puts it in pole position to rival Solana as the number one network to trade meme coins on-chain.

Base Dawgz Presale: Meme Coin On Base Instantly Raises $200,000

The presale for Base Dawgz went live yesterday (4 June), and eager investors instantly poured over $200,000 into it. With the hype behind the Base ecosystem, DAWGZ is catching some serious attention with its funny dog-themed persona.

While BRETT is the clear meme coin leader on Base, there is not yet a dog-themed meme coin synonymous with Base, ala WIF on Solana.

GM to the real thrill seekers🌤️🪂

Who's rolling with the big $DAWGZ today? pic.twitter.com/NDw709ofNl

— Base Dawgz (@BaseDawgz) June 5, 2024

The presale is set to continue for the next 15 days, with a total supply of 100,000,000,000 DAWGZ up for grabs. The presale price currently sits at 0.00002 ETH, increasing throughout the presale.

Base Dawgz will introduce a staking protocol later, offering utility via staking rewards to holders. The DAWGZ presale can be bought with ETH, SOL, BNB, AVAX, and USDT.

According to the website’s countdown, there are only five days before the presale price rises. Entering here will guarantee a better price than subsequent stages, locking in a better return on investment in the lead-up to the Base Dawgz launch.