Crypto traders are capitalizing on the Base blockchain, which has seen a surge in activity and funds locked due to a meme coin-led frenzy for tokens on the network.
The popularity of meme coins on Base has led to high gas fees and network congestion, with trading bots contributing to the issue. Prices of tokens such as cat-themed toshi , thank you base god , normie and brett have risen as much as 1,300% over the past week,Tokens of technical projects such as decentralized exchange Aerodrome’s AERO and Seamless’ SEAM rose as much as 90% in the past week,over the past 24 hours. Social sentiment on X has bumped in tandem, with scores of traders calling for a rotation of capital to the relatively new network.
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