Another cat-themed MEME becomes popular, Base ecological token MIGGLES reaches a maximum of 900 times, Coinbase becomes a big promoter

MEME has become one of the important weights in the competition for mainstream public chains, especially Ethereum and Solana, which occupy the main market share, and are also key participation positions for players. Right now, Base’s MEME track seems to be exploding.

In the past few days, the MEME project Mister Miggles on Base has been on the Base hot search list with a maximum increase of more than 900 times in the three days since it was launched. This is inseparable from Coinbase’s fueling the flames and the popularity of the cat theme.

The trends of popular projects are often the focus of investors. In the early morning of July 17, Coinbase officially released a tweet preview of "7.17.24" accompanied by a short cat video, implying that important information would be released. Subsequently, market funds took notice and launched related MEME tokens, but failed to attract too much market attention.

In the evening of the same day, Coinbase officially released a one-minute short video. The video mainly tells the story of a cat named "Mister Miggles" who appeared in various places in a viral manner after being liked for a photo and even evolved into The story of MEME, Coinbase celebrates the future of the internet by minting Mister Miggles content as NFTs. At the same time, Coinbase also launched the "Onchain Summer" themed event to encourage creators to launch projects on the chain to gain more control, fairness and benefits. Coinbase will also use all proceeds to support the Emerging Creator Fund.

As of the time of publication, Mister Miggles NFT has been minted more than 55,000 times, with more than 29,000 holders, and Mister Miggles’ promotional video has also received more than 380 views. At the same time, as “Onchain Summer” encouraged users to use Mister Miggles for secondary creation, the community also produced a large number of related MEMEs, many of which received thousands of mints.

Mister Miggles二创

After this tweet was released, the MEME coin $MIGGLES derived from it attracted the attention of market funds. Ten hours after Coinbase released the video, Base founder Jesse Pollak brought more popularity to $MIGGLES. He spent 0.3 ETH to buy $MIGGLES and tweeted "GASLESS MIGGLES". Jesse Pollak also tweeted many times after that. Repost Mister Miggles related MEME.

DEX Screener data shows that in just 3 days after going online, $MIGGLES increased by more than 939 times, and its market value once exceeded US$73 million. The surge in $MIGGLES has also made some investors huge profits. For example, according to on-chain analyst @ai_9684xtpa’s monitoring, smart money 0xB98...ED7dA’s return on trading MIGGLES is as high as 6258%. The smart money spent 2.6 ETH to buy 19.13 million MIGGLES after the token was launched, with an average price of $0.00047. Currently, this address has sold 75% of its positions and made a profit of US$279,000, and still holds 4.64 million coins.

Currently, cat-themed MEME projects have become the focus of market hype, but it will take time to verify whether Base can continue to capture more MEME traffic with the help of Mister Miggles’ story.

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