Could BRETT Flip BONK In October? Also, A Revolutionary Meme Coin Hits $1.5 Million During Presale

Base chain, the layer-1 network built on Ethereum by Coinbase, is slowly heating up. This leads many to believe another Base season is upon us and if so, its flagship meme coins will likely pave the way. BRETT is the leading meme coin on Base, and it looks poised to flip BONK in October.

While The Price Of BRETT Fell Over The Summer, It Has Nearly Doubled Its Holder Count

(DEFILLAMA)

BRETT is a character created by Matt Furie for his ‘Boy’s Club’ series, which also includes Pepe. It launched on Base in May this year and quickly became the leading token on the chain. It peaked just one month later when it hit an all-time high market cap of $1.8 billion. As a rest of the market cool down, so did BRETT, falling to its current market cap of around $860 million.

Astonishingly, as the price fell, the holder count skyrocketed. Since that peak in June, BRETT holders have nearly doubled, from 300,000 to 595,000. Now, the market is bracing itself for an incoming bull run and Base is seeing an increase in all metrics.

Volume on-chain is up more than 20% while Total Value Locked (TVL) is up 22% over the past seven days. Also, the overall TVL for Base is about to cross the $2 billion mark. This is doubly impressive compared to Solana at $5.23 billion, with Solana being live for over three years longer than Base.

As for the performance of BRETT itself, it is up nearly 20% over the past week while processing over $48 million in trading volume in the last 24 hours.

(COINGECKO)

BONK Has Struggled To Stay Relevant In Solana’s Competitive Meme Coin Space

As for BONK, it has the issue of being one of many leading meme coins on Solana. It is competing for market-share with other large market cap meme coins such as WIF, POPCAT, MEW and BOME. Price-wise, it is down from its May 2024 all-time high where it briefly touched $3 billion in market cap. It is currently ranging between $1.3 and $1.5 billion.

From a growth perspective, it has struggled since crossing the 500,000 holder count milestone in early June. In the same period that BRETT has doubled its holder count, BONK has only managed to increase its count by around 50%. BONK currently has 766,000 token holders.

BONK is up 17.5% in the past seven days while its trading volume over the past 24-hours sits at $228 million.

(COINGECKO)

Conclusion: Can BRETT Overtake BONK On Its Way To Reclaim Its Status As A $1 Billion Meme Coin

All of this data is showing a strong indication that BRETT could well flip BONK in October. Mainly due to the constant growth of Base as a leading Layer-1 chain coupled with BRETT being its established meme coin mascot.

Inversely, BONK has seen slower growth over the past four months while it competes with many other popular meme coins on Solana, in an extremely saturated corner of the market.

EXPLORE: ATH On The Horizon: Bitcoin Is Pushing Beyond $65,000 – Here’s Why

BONUS: Crypto All-Stars (STARS) Blasts Past $1.5 Million Raised During Presale

Over $1.5 million has now been raised by the Crypto All-Stars team as they aim to build the first unified meme coin staking protocol. Its revolutionary ‘MemeVault’ is attracting a crazy amount of attention from market participants. As a result, it seems a foregone conclusion that STARS hits $2 million raised sooner rather than later.

As for how the MemeVault will work, users must hold STARS tokens to access it. The more tokens held, the more they can earn.

Users then head to the Crypto All-Stars website, connect their wallet and deposit a wide range of meme coins in the MemeVault. Everybody’s favourite meme coins will be available as stakable assets on the platform, such as PEPE, SHIB & DOGE. Staking these meme coins will result in passive STARS rewards over time.

While the MemeVault has yet to launch, staking for STARS is already live. Presale investors can stake their tokens immediately and start compounding their gains. Currently, STARS staking provides a 930% APY, with this figure decreasing as the presale gets nearer to ending.

PRESALE LINK

EXPLORE: Ex-Alameda CEO Caroline Ellison Gets Two Years In Prison For Role In FTX Collapse

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.