BASECAT Meme Coin Jumps 2,000%: Here’s What’s Driving the Rally
Basecat (BASECAT) surged 2,034% over the past 24 hours, lifting its market value to $17.2 million and extending its gains since launch to over 12,000%.
The token pairs a cartoon cat in a blue construction helmet with no stated utility. Trading activity surged today after two key developments.
Where the BASECAT Rally Started
Trading in BASECAT opened on Uniswap V4 on August 15, according to pool data on GeckoTerminal. The price saw a notable surge on August 16, as the market value jumped from under $1 million to peak at $20.35 million.
The rally has continued today. According to the latest data, BASECAT's market cap stood at $17.2 million at press time. The meme coin is up over 12,000 since its launch.
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Trading activity has also been heavily concentrated around the recent rally. Over the past 24 hours, buyers accounted for 30,539 transactions compared with 26,994 sells, for a total of 57,533 transactions. Net buying reached approximately $172,260, while total trading volume climbed to $24.67 million.
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