Bitget's newly released meme coin, MOEW, has surged in popularity, surpassing the trading volume of Brett (BRETT), the largest meme coin on the Base network. Within hours of its launch, MOEW boasted a market cap of $31 million, with 11,700 individual wallets holding the token.
Bitget's Meme Coin Revolutionizes Base Network, Surging Past Largest Rival
In a stunning triumph, Bitget's newly launched meme coin, MOEW, has emerged as a formidable force on the Base network, eclipsing the previously dominant Brett (BRETT) in trading volume. Within 24 hours of its debut, MOEW has garnered a staggering $34 million in trading activity, surpassing Brett by a remarkable margin.
Boasting a market capitalization of $31 million, MOEW has ascended to prominence, a testament to the unwavering support of its community. The token's meteoric rise has attracted 11,700 individual wallet holders, underscoring its widespread appeal.
"Just for funsies, nothing too serious. We wanna see what the power of memes can do," proclaimed Bitget's wallet team on the social media platform X, hinting at the lighthearted spirit behind the coin's creation.
Base, a rapidly ascending force in the meme coin arena, has emerged as a serious challenger to Solana's long-standing dominance in this sector. As Base continues to attract traders, MOEW's success further cements the platform's status as a haven for meme coin enthusiasts.
Brett, the reigning champion of Base's meme coin landscape, has seen its value soar by 89% over the past week. Yet, MOEW's exceptional performance has outshone Brett, with double the trading volume in a mere 24-hour period.
Meme coins, known for their inherent volatility and lack of intrinsic value, have captivated the cryptocurrency world with their whimsical nature. While some, like WIF, have ascended to billion-dollar market caps, others have vanished into obscurity, becoming victims of fraudulent schemes known as rug pulls.
As the meme coin phenomenon continues to grip the cryptocurrency realm, MOEW's triumph stands as a testament to the power of community and the allure of viral sensations. Its presence on the Base network has further energized the platform, setting the stage for a dynamic and unpredictable journey in the ever-evolving world of cryptocurrencies.
