Crypto Exchange Bitget Joins Meme Coin Hype, Issues Token That Rises 14,000%
Summary
Cryptocurrency exchange Bitget's meme coin, MOEW, surged by over 14,000% to a $31 million market cap hours after its release. It is currently trading at $0.0028 with $34 million worth of trading volume and is held by 11,700 individual wallets. The Base network, which issued MOEW, is becoming a popular platform for meme coin traders, challenging Solana's dominance in the meme coin market. The largest meme coin on Base is Brett (BRETT), which has increased in value by 89% in the past week. However, meme coins are volatile assets with no underlying value or utilities, and many have either achieved a market cap of over $1 billion or dropped to zero due to rug pulls.
