Ethereum

Bitcoin

Read

BALD

<p class="is-style-lead">Recently launched meme coin, BALD, grew to a $50 million market capitalization from zero in one day. </p> 
<p>The coin experienced 40,000% growth in 48 hours before encountering a free fall. At the time of writing, BALD is down by over 95%.</p> 
<h2 class="wp-block-heading" id="moons-and-dumps">Moons and dumps&nbsp;</h2> 
<p>Launched recently on Base, Coinbase’s layer-2 chain over Ethereum (<a href="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>), BALD has appeared out of the blue and reached heights many coins only dream of attaining. However, like all meme coins with zero utility, BALD is already in free fall.&nbsp;</p> 
<p>Among the suspected triggers of BALD’s recent price surge is the rumor associating the coin with Coinbase CEO Brian Armstrong. Another is the influence of the Base Network on the coin. </p> 
<p> You might also like: <a href="https://crypto.news/bases-tvl-spikes-48x-on-bald-meme-coin-frenzy/" rel="noopener noreferrer nofollow"> Base’s TVL spikes 48X on BALD meme coin frenzy </a> </p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">10's of millions flooding into Coinbase's Ethereum layer two, BASE.<br><br>Shitcoins pulling life changing 40,000% gains overnight.<br><br>The new crypto casino is open.</p>— Lark Davis (@TheCryptoLark) <a href="https://twitter.com/TheCryptoLark/status/1685814262198149120?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 31, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>According to a Forbes<a href="https://www.forbes.com/sites/digital-assets/2023/07/30/bald-impressive-40000-pump-is-almost-gone/amp/" target="_blank" rel="noopener noreferrer nofollow">&nbsp;report</a>, the new meme coin had more than 11,000 transactions within 24 hours, with over 4,300 holders. </p> 
<p>Currently, users cannot bridge their tokens from the Base Network, as it only supports one-way bridging from Ethereum. What’s more, only a specific contract address allows the connection.</p> 
<p>Another point experts have presented as a reason the upward trend of BALD may never come back is that liquidity is usually needed to sustain such a price surge, and the token currently has low liquidity.</p> 
<p>At the time of writing, BALD is trading at $0.00226313, representing a 95.5% decline in the last 24 hours, according to CoinGecko.&nbsp;</p> 
<p> Read more: <a href="https://crypto.news/rich-dad-kiyosaki-disputes-wsjs-economic-narrative-advocates-bitcoin/" rel="noopener noreferrer nofollow"> ‘Rich dad’ Kiyosaki disputes WSJ’s economic narrative, favors Bitcoin </a> </p>

BALD meme coin surges 40,000% in 48 hours and then plunges

Table of Contents

crypto.news

Other articles published on Jul 31, 2023

Dogecoin (DOGE) Primed for $0.1 Breakthrough: Here's One Barrier in Way

Ripple v. SEC: Ex-CFTC Lawyer Reveals True Meaning of XRP Ruling

SEC Halts Altcoin Trading on Coinbase, Bitcoin Escapes Restrictions!

Crypto Analyst Reveals the Best Time to Buy ETH for Maximum ROI

Margot Robbie’s Comparison of Bitcoin to Ken from Barbie Ignites Debate

Experience the Future of Crypto at the 5th Edition of Crypto Expo Dubai 2023!

Join our free newsletter for daily crypto updates!