The newly-launched meme token BALD has experienced incredible gains in just 24 hours, reaching a market cap of $70 million. The token, which went live on Base, a layer-2 chain created by Coinbase on Ethereum, saw a staggering 40,000% increase in value shortly after its launch. At its current price of $0.06, BALD has risen by about 70% in the past day.

According to data from CoinGecko, over $66.7 million worth of BALD has been traded within the last 24 hours, with more than 14,000 transactions. The token is listed on the DEX platform LeetSwap and is trading in the BALD/WETH pair.

Blockchain sleuth Lookonchain reported that some astute investors were able to generate substantial profits from BALD’s meteoric rise. Four addresses used 0.534 ETH (approximately $1,000) to purchase 50 million BALD, which accounted for 50% of the total supply. These addresses then quickly sold 37 million BALD, resulting in a return of 554 ETH, or over $1.04 million.

Additionally, a PEPE whale purchased 13.6 million BALD for $937,000 after selling 720.8 billion PEPE for about $943,000. This address is currently the largest holder of BALD, second only to the token’s developer.

The astonishing gains of BALD after its launch have garnered significant attention in the cryptocurrency trading world, highlighting the volatile nature of meme tokens and the potential for high returns in a short period of time.

FAQs

What is BALD?

BALD is a meme token that recently launched on Base, a layer-2 chain created by Coinbase on Ethereum.

What is the current market cap of BALD?

The current market cap of BALD is $70 million, reaching this valuation within just 24 hours of its launch.

Where can I trade BALD?

BALD is listed on the DEX platform LeetSwap and trades in the BALD/WETH pair.

How much has been traded in the past 24 hours?

According to CoinGecko, over $66.7 million worth of BALD has been traded in the past 24 hours.

What percentage increase in value did BALD see after its launch?

BALD saw a staggering 40,000% increase in value shortly after its launch, resulting in a market cap of $70 million.

Who are the largest holders of BALD?

The largest holder of BALD, aside from the developer, is a PEPE whale who purchased 13.6 million BALD.

Is BALD a volatile investment?

Yes, the incredible gains of BALD after its launch highlight the volatility of meme tokens and the potential for significant returns in a short period of time.

Summary

Meme token BALD has experienced an astonishing 40,000% increase in value within 24 hours of its launch on Base, a layer-2 chain created by Coinbase on Ethereum. With a market cap of $70 million, BALD has become a hot topic in the cryptocurrency trading world. Traded on the LeetSwap DEX platform, the token’s skyrocketing value has attracted both attention and savvy investors who have made substantial returns. However, the volatile nature of meme tokens means that investing in BALD carries inherent risks.