Is BRETT The New Meme Coin King? Token Skyrockets 300% And Approaches $2 Billion Market Cap
As the overall sentiment in the crypto market veers towards bullishness, leading cryptocurrencies have regained their previously lost levels and sparked further interest in meme coins. BRETT (BRETT) has emerged as the frontrunner, experiencing an astonishing 400% surge in the past 30 days alone.
Having launched just three months ago, BRETT now boasts an impressive market capitalization of $1.7 billion, positioning itself as the top gainer among the top 100 cryptos.
The Premier Meme Coin on the Base Network
BRETT is a meme coin established on the Base network, with its mascot drawing inspiration from a character in Matt Furie’s Boys’ Club comic. Since its introduction in February 2024, BRETT has become the largest meme coin on the Base network in terms of market cap, earning the title of “PEPE’s best friend on BASE.”
What sets BRETT apart is its renounced contract and absence of a minting function, putting the token’s trajectory entirely in the hands of its community. The creator of BRETT cannot generate additional tokens or manipulate the contract, relying instead on the vibrant and dedicated community to drive its development.
With a fixed total supply of 10 billion tokens, BRETT’s scarcity and potential future value are influenced by the restricted creation of new tokens. The coin adheres to a fair launch model, ensuring equal opportunities for all participants.
BRETT does not impose transaction taxes, which can incentivize trading activity but may impact long-term value.
In terms of distribution, 85% of the tokens are allocated to the Liquidity Provider (locked), 10% to the Treasury, and 5% to the Centralized exchange wallet.
BRETT Skyrockets 21,000% From All-Time Low
Currently, BRETT is trading at $0.1794. It continues to rank as the foremost meme coin on the BASE network while also being the market’s top performer, witnessing a 33% surge in the last 24 hours.
According to data from CoinGecko, BRETT has experienced an astounding 21,000% increase from its all-time low, underscoring the tremendous surge in interest the token has generated in recent months.
Furthermore, BRETT’s trading volume has seen a significant rise, increasing by 62% in the past few days to reach $219 million. Notably, BRETT is the first meme coin on the Base network to exceed a $1 billion market cap.
While BRETT’s current upward trend is noteworthy, time will tell whether the token can sustain its momentum and climb higher in the market. If so, it could potentially surpass other meme coins like Bonk Inu (BONK) in terms of market cap, with the difference between the two being a mere $200 million.
At its all-time high (ATH), BRETT reached $0.1887, which could serve as a near-term resistance level for the token, as it has struggled to surpass this mark in the past two days.