BALD Coin Hits $70M Market Cap In 24 Hrs – What’s The Next Base Chain Crypto To Explode?

New coin ‘BALD’ launched this weekend on Coinbase’s new chain, Base – and exploded to as high as a $70 million market cap in less than 24 hours, on LeetSwap decentralized exchange.

Since its July 29 listing at 21:00 UTC, $BALD token rose over 4 million percent, before a correction.

What is Bald Coin?

Not yet having a website or CoinMarketCap description, information on Bald coin is hard to come by – other than it being described as a meme coin and a reference to Brian Armstrong’s bald head.

pretty sure the BALD deployer is affiliated with coinbase somehow considering he had 49% of the cbETH supply pic.twitter.com/QivTYzkMui

— Kuro (@KuroXLB) July 30, 2023

Rumors of connections to Coinbase insiders are also already rife, with some traders even speculating the $BALD deployer is Brian himself.

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$BALD token has an enormous amount of liquidity, currently $30 million.

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Now one of the most talked about new coins on crypto Twitter, some wallet addresses have been tracked investing as little as 0.5 ETH in $BALD and profiting upwards of $1 million.

These 4 addresses spent 0.534 $ETH($1K) to buy 50M $BALD (50% of the total supply) within 4 mins of $BALD starting trading.

Then sold 37M $BALD for 554 $ETH($1.04M).

Earned $1M with $1K in 1 day! pic.twitter.com/gXIDRjbhic

— Lookonchain (@lookonchain) July 30, 2023

View the latest BALD price chart on DEXScreener.

What is Base Blockchain?

Read Coinbase’s introduction to the Base network here, its ‘secure, low-cost, developer-friendly Ethereum Layer 2 network‘.

The Base network’s official Twitter handle is @BuildonBase.

The Base chain is set to launch fully in August, and currently is a one-way bridge – meaning holders of $BALD and other $BASE coins can’t yet cash out their funds.

So basically from my understanding: people are making 6-7 figures on these coins, but the only catch is they can’t actually materialise that money because you can’t bridge out from $BASE. Yet they are celebrating their life changing wealth…

Right…. The math is not mathing…

— Gold (@Gold_Cryptoz) July 30, 2023

Next Cryptocurrency to Explode

Some veteran crypto Twitter accounts have recommended not to buy Bald at its current market cap, including @TheFlowHorse (formerly Cantering Clark) and @MacroCRG.

You are not early to $BALD if you are not already up.

The market is leap frogging from one thing to the next right now.

Don’t be someone’s exit liquidity on this fine Sunday.

— HORSE (@TheFlowHorse) July 30, 2023

Other new Base chain coins – or those rumored to have Base devs – that have been tipped as the next cryptos to explode include $BRIAN, $HAIRY and $OPTISM.

An ERC-20 token, HAIRY coin was listed on Uniswap at 14:00 UTC on July 30 and is currently up over 1,000% since its launch.
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