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Category: NFT News

Memecoin Frenzy Arrives On Base As Tokens’ Market Cap Crosses $1 Billion

The memecoin sector has grown 445% in the past 24 hours.

Move over Solana, it’s time for Base to have some fun.

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Memecoins are taking hold of Base, the Ethereum Layer 2 network developed by crypto exchange Coinbase. The market capitalization of memecoins on Base grew by 477% to $1.02 billion in the past 24 hours, according to Coingecko.

Solana memecoins’ market cap is up 17% to $6.4 billion, while the broader Meme category is up 12% to $62 billion, in the same time.

Top performing tokens are Briun Armstrung, named in reference to Coinbase’s CEO and founder, Brian Armstrong. The token jumped 25% to $0.02 today, gaining a whopping 362% in the past seven days. Tokens with mis-spellled celebrity names took off on Solana, with Jeo Boden, and Doland Tremp rising to become two of the most popular examples.