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Base transactions and DEX volumes have reached new all-time highs, with Base Dex trading surpassing its ATH. Whale earnings from BASE Memecoin have ranged from $100k to $1M over the past week. The Degen Chain L3 has seen significant growth, with over $1M bridged and 2M transactions. Farcaster's parent company, Merkle Manufactory, is valued at $1 billion in a funding round led by Paradigm, while Farcaster developer eyes a unicorn valuation as user activity spikes.
Degen will probably start a trend of memecoins becoming L3s to boost price [and mostly wasting their time] It worked for Degen because deep pocketed VCs kingmade it and gave users sufficient trust to bridge. This isn't the case for almost everyone else
In the past 24h, Memecoin DEGEN on the Base chain rose by more than 24% to a record high of $0.06. The address of 1confirmation holds 1,848,296,798 DEGEN, with a value close to $100 million. 1confirmation completed the lead investment in DEGEN on February 21 this year and…
This whale bridged 552 $ETH($2M) to #Base again and spent 551.37 $ETH($2M) to buy 38.95M $DEGEN at $0.052. https://t.co/KoT9lq98zt https://t.co/Mc67TNYnQi