BRETT, a meme coin on Coinbase’s Base layer-2, is changing things up in the crypto world.
The coin recently hit an all-time high (ATH) of $0.1939, marking a significant achievement.
What’s Fueling BRETT’s Rise?
Over the past 30 days, BRETT’s value surged by nearly 445%. This rapid increase pushed its market cap from $1.66 billion to $1.92 billion within just two hours.
According to CoinMarketCap, BRETT now ranks as the seventh-largest meme coin by market cap, overtaking BOOK OF MEME (BOME) and closing in on Solana’s Bonk (BONK). It’s the first meme coin on Base to approach a $2 billion market cap.
A community takeover (CTO) on X has significantly boosted BRETT’s popularity. Social intelligence firm LunarCrush reported a 206% rise in BRETT’s social media presence over the past 30 days.
Community members are determined to surpass BONK’s market cap. This grassroots support highlights the influence of community-driven projects in crypto.
Introduced in February 2024, BRETT is inspired by a character from Matt Furie’s “Boys’ Club” comic. Its humorous backstory has attracted many crypto enthusiasts, earning it the nickname “PEPE’s best friend on BASE.”
BRETT’s rise has also gained endorsements from notable crypto traders. Renowned trader Satoshi Flipper expressed a bullish outlook on BRETT, highlighting its position as the top meme token on Base.
Despite its impressive performance, experts caution about the inherent risks of meme coins. Ken Timsit, managing director at Cronos, warned of the volatility and financial risks associated with such assets.
