Meme Base Coins Post Double-Digit Gains, Outperform Other Crypto Sectors

Meme coins deployed on Base increased by 13% in the last 24 hours and are the crypto sector with the largest price jump in this period. according to the CoinGecko data aggregator. This is also the sector with the best performance in the last seven days, registering an increase of almost 52%.

The Degen POV token (POV) is the main force driving the rise of Base meme coins, rising 84.5% in the last 24 hours and more than 200% over the last week. Additionally, Base's famous blue cat Brett (BRETT) is up almost 28% in the daily period.

The blue dinosaur Broge has been recording a gradual upward movement since the beginning of May and soared almost 35% intraday. CONDO, which showed a sharp price drop on June 4, appears to be recovering after recording an 18% daily increase.

Basenji (BENJI), Long (LONG), and Ski Mask Dog (SKI) round out the double-digit gainers in the Base meme coin ecosystem, with respective growth of 18.7%, 11.7%, and 10.8%.

Additionally, the Base ecosystem as a whole is thriving. The total value locked (TVL) on the Coinbase Layer 2 blockchain recently hit an all-time high of $1.77 billion, and on-chain trading volume stood at nearly $12 billion in May.

Is the summer of meme coins on the way?

As reported According to crypto Briefing, crypto industry players are expecting a “bright June” driven by recent approvals of ethereum exchange-traded funds (ETFs) in the US and the prospect of rate cuts by the European Central Bank. and the Federal Reserve.

Among industry experts predicting a strong end to the second quarter, James Davies, co-founder and CPO of crypto Valley Exchange, expects a “summer of meme coins” soon.

“We see a summer containing a meme coin bomb similar to the nft summer of 2021. As a result, we will likely see some retail money temporarily withdrawn from other high-yield projects,” Davies explained.