{"id":534845,"date":"2024-06-11T08:29:08","date_gmt":"2024-06-11T08:29:08","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=534845"},"modified":"2024-06-11T15:05:11","modified_gmt":"2024-06-11T15:05:11","slug":"base-crypto-brett-challenges-bonk-for-the-6th-largest-meme-coin-spot","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/base-crypto-brett-challenges-bonk-for-the-6th-largest-meme-coin-spot","title":{"rendered":"Base Crypto BRETT Challenges BONK For The 6th Largest Meme Coin Spot"},"content":{"rendered":"<p>The Base network&rsquo;s BRETT has exploded 348% in the last month, enabling it to briefly flip BONK in the past 24 hours to become the sixth-largest meme coin by market capitalization.<\/p>\n<p>BRETT has reversed some of the gains since following a 9% drop to trade at $0.161 as of 2:37 a.m. EST. BRETT currently ranks as the seventh-largest meme coin with a market capitalization of $1.6 billion, about $100 million behind BONK. It hit an all-time high of $0.193 on June 9.<\/p>\n<h2>BRETT Meme Coin Overtakes BOME, TRUMP<\/h2>\n<p>Its recent rally has seen it surpass popular meme coins including Book of Meme (BOME) and MAGA (TRUMP).<\/p>\n<p>BRETT launched in February 2024 as a depiction of a character in the &ldquo;Boy&rsquo;s Club&rdquo; comic by Matt Furie. Its humorous and relatable background has seen it climb the ranks of Base tokens to become the biggest crypto on Coinbase&rsquo;s layer two network.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BRETT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BRETT<\/a> 1M &#128170;<br>Price +429%<br>Social dominance +206%<br>Current #1 LunarCrush AltRank <a href=\"https:\/\/t.co\/7GCTmLiJLP\">pic.twitter.com\/7GCTmLiJLP<\/a><\/p>\n<p>&mdash; LunarCrush Social Intelligence (@LunarCrush) <a href=\"https:\/\/twitter.com\/LunarCrush\/status\/1799811014881685888?ref_src=twsrc%5Etfw\">June 9, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Some traders <a href=\"https:\/\/x.com\/ajsabbah\/status\/1799858626326065279\" target=\"_blank\" rel=\"noopener\">speculate<\/a> that BRETT has the potential to overtake PEPE amid the growing usage of the Base network.<\/p>\n<h2>Base Is Now the Second-Largest Ethereum Layer Two<\/h2>\n<p>BRETT&rsquo;s gains come as the Base network emerges as the second-largest Ethereum layer two with a total value locked of $7.73 billion, according to <a href=\"https:\/\/l2beat.com\/scaling\/projects\/base\" target=\"_blank\" rel=\"noopener\">L2Beat<\/a>.<\/p>\n<p>Base has surpassed Optimism&rsquo;s OP Mainnet with a TVL of $7.09 billion. Arbitrum is the largest Ethereum scaling network with a TVL of $18 billion.<\/p>\n<p>The Base network launched in August 2023. The current TVL represents almost 10X growth from the $742 million posted on January 1 this year.<\/p>\n<p>Base&rsquo;s rapid growth follows an outbreak of meme coin mania on the network that&rsquo;s prompted the rise of meme coins including Degen (DEGEN), with a market cap of $191 million, and Toshi (TOSHI) with $168 million.<\/p>\n<p>Base network presales are also on the rise with one of the hottest newcomers, <a href=\"https:\/\/insidebitcoins.com\/visit\/basedawgz\" target=\"_blank\" rel=\"noopener nofollow\">Base Dawgz<\/a> (DAWGZ), raising almost $1 million in less than a week since its launch. Some analysts <a href=\"https:\/\/youtu.be\/-wnN2p0d_Mc\" target=\"_blank\" rel=\"noopener\">say<\/a> DAWGZ could be the next 100X token.<\/p>\n<h3>Also Read:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/new-multi-chain-meme-coin-base-dawgz-launches-presale-could-dawgz-be-the-next-100x-base-meme-coin\">New Multi-Chain Meme Coin &lsquo;Base Dawgz&rsquo; Launches Presale &ndash; Could $DAWGZ Be the Next 100X Base Meme Coin?<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/mother-iggy-price-soars-18-as-iggy-azalea-feuds-with-vitalik-buterin-and-experts-say-this-rival-meme-coin-might-100x\">Mother Iggy Price Soars 18% As Iggy Azalea Feuds With Vitalik Buterin And Experts Say This Rival Meme Coin Might 100X<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/turbo-price-prediction-turbo-tops-meme-coin-gainers-with-a-20-pump-and-this-casino-token-might-be-next-to-explode\">Turbo Price Prediction: TURBO Tops Meme Coin Gainers With a 20% Pump And This Casino Token Might Be Next To Explode<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Most Searched Crypto Launch - 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After graduating with an Honours in journalism, media and communications, he has been part of the crypto industry for more than a year now. Conducting on-chain analysis, breaking down market triggering events, and publishing Op-Ed pieces, he finds gratification diving deep into the crypto space, earning himself significant knowledge and experience. 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