BALD Coin Hits $70M Market Cap In 24 Hrs – What’s The Next Base Chain Crypto To Explode?
New coin ‘BALD’ launched this weekend on Coinbase’s new chain, Base – and exploded to as high as a $70 million market cap in less than 24 hours, on LeetSwap decentralized exchange.
Since its July 29 listing at 21:00 UTC, $BALD token rose over 4 million percent, before a correction.
What is BALD Coin?
Not yet having a website or CoinMarketCap description, information on BALD coin is hard to come by – other than it being described as a meme coin and a reference to Coinbase CEO Brian Armstrong’s bald head.
pretty sure the BALD deployer is affiliated with coinbase somehow considering he had 49% of the cbETH supply pic.twitter.com/QivTYzkMui
— Kuro (@KuroXLB) July 30, 2023
Rumors of connections to Coinbase insiders are also already rife, with some traders even speculating the $BALD deployer is Brian Armstrong himself.
$BALD token has an enormous amount of liquidity, currently $30 million.
Now one of the most talked about new coins on crypto Twitter, some wallet addresses have been tracked investing as little as 0.5 ETH in $BALD and profiting upwards of $1 million.
These 4 addresses spent 0.534 $ETH($1K) to buy 50M $BALD (50% of the total supply) within 4 mins of $BALD starting trading.
— Lookonchain (@lookonchain) July 30, 2023
Then sold 37M $BALD for 554 $ETH($1.04M).
Earned $1M with $1K in 1 day! pic.twitter.com/gXIDRjbhic
View the latest BALD price chart on DEXScreener.
What is The Base Blockchain?
Read Coinbase’s introduction to the Base network here, its ‘secure, low-cost, developer-friendly Ethereum Layer 2 network‘ built on Optimism.
The Base network’s official Twitter handle is @BuildonBase.
Approximately $47 million has been bridged to the Base chain, which is currently a one-way bridge – holders of $BALD and other Base coins can’t yet realize their gains. The bridge back to the Ethereum mainnet is set to open August 9.
Over $46m bridged to BASE.
— francesco (@francescoweb3) July 30, 2023
The bridge back to ETH mainnet will only open on the 9th of August, which means liquidity is trapped until then.
Probably a good time to go on holiday. pic.twitter.com/hVbXj1IKVB
Next Cryptocurrency to Explode
Some veteran crypto Twitter accounts have recommended not to buy BALD token at its current market cap, including @TheFlowHorse (formerly Cantering Clark) and @MacroCRG.
You are not early to $BALD if you are not already up.
— HORSE (@TheFlowHorse) July 30, 2023
The market is leap frogging from one thing to the next right now.
Don’t be someone’s exit liquidity on this fine Sunday.
Other new Base chain coins – or those rumored to have Base devs – that have been tipped as the next cryptos to explode include $BRIAN, $HAIRY and $OPTISM.
An ERC-20 token, HAIRY coin was listed on Uniswap at 14:00 UTC on July 30 and is currently up over 1,000% since its launch.
$BALD already did a 40,000x, is $HAIRY next? Currently up 1000% https://t.co/6KjjZG7Ht3 ✌️😮👀🚀
— Jacob Crypto Bury (@BuryCrypto) July 30, 2023
View the HAIRY price chart on DEXTools.
We’ve reviewed many new cryptocurrency projects here at CryptoNews, that may have more upside potential than $BALD, given its explosive move and already high market cap.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
