.BuildonBase is officially going live next week, and some small-cap token hunters are already laying bets on tokens, such as $TOSHI. By shauryamalwa.
his pet’s name in a podcast last year, saying the name was a derivation of Bitcoin creator Satoshi Nakamoto. His other cat’s name is Mochi.
While it may sound ridiculous, traders are punting big money on toshi tokens. Traders exchanged some $10 million worth of the meme coins on a SushiSwap, a decentralized exchange on the Base network, in the past 24 hours and provided over $1 million in ether liquidity to the trading pair. Some addresses bought over 8 ether , valued at $16,000 at current prices, worth of the tokens in a single transaction on Friday morning, data shows.Such frenzy is likely driven by traders hoping to emulate the rise of dogecoin or shiba inu – two popular tokens themed after the Shiba Inu dog breed – in recent years.
“Memecoins are a hyper-speculative and volatile class of crypto tokens. Generally, these coins lack practical uses compared to more established tokens like ETH,” Jeff Mei, COO of crypto exchange BTSE, shared in a Telegram message. “That said, each investor has their own risk appetite, and these swings in volatility do offer excellent opportunities to lock in profits as well.”
Base, built by crypto exchange Coinbase on OP Stack, went live for developers earlier in July so they could test applications and blockchain-based products before a planned launch later this year. It is scheduled to
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New name emerges as Thais hope to pick next PM: Who is Srettha Thavisin?Thailand’s opposition Pheu Thai Party forms a political bloc in bid to form a new government and nominates a property tycoon as candidate for prime minister's office.
Read more »
Curious timing: Trump hit with indictments whenever incriminating evidence emerges in Biden probesThe federal indictments of former President Donald Trump have come on the same day or soon after significant developments in a congressional probe into the Biden family finances, prompting Republican lawmakers to insist it's more than a coincidence.
Read more »
Base 2024 Mazda CX-5 Is Now Almost $30k, But It’s 2 MPG Thriftier | CarscoopsMazda has junked the entry-level S trim and jacked-up the prices of other grades, added more Turbo options and increased atmo 2.5’s efficiency with stop-start tech car auto cars
Read more »
2024 Nissan Titan Drops Base Model, Now Starts $6,000 Higher Than Last Year | CarscoopsPrices for the 2024 Nissan Titan start at $47,665 in America. That's about $6,000 more than in 2023, but the new base model is now better equipped car auto cars
Read more »
Coinbase Sets Public Launch of ‘Base’ Layer 2 Blockchain for Next WeekUsers will be able to bridge their ETH starting Thursday, with the official launch of the main network for Aug. 9.
Read more »
Binance user base surges to 150 million, CZ says — despite US regulatory lawsuitsBinance has surpassed 150 million users, despite facing an ongoing legal battle with U.S. regulators, according to CEO Changpeng Zhao.
Read more »