The Base network’s leading memecoin, BRETT, is experiencing a significant rally today, as its market cap soars back over $1 billion.
In the last 24 hours, BRETT has surged over 36%, far outpacing most other major cryptocurrencies, which have struggled to post gains of more than 10%. Trading volume for BRETT has also spiked by 190%, signaling heightened interest and activity in the market.
The surge in BRETT’s price follows several key developments. Upbit, South Korea’s largest cryptocurrency exchange, has announced the addition of USDT trading pairs for both BRETT and PEPE, another popular memecoin.
Additionally, Binance Futures revealed plans to launch the BRETTUSDT Perpetual Contract, offering up to 50x leverage. These listings are expected to further fuel interest and trading volume in BRETT, as more investors gain access to the coin through these major platforms.
Upbit, South Korea's largest cryptocurrency exchange, announced the addition of USDT trading pairs for Brett (BRETT) and Pepe (PEPE). BRETT and PEPE are both memecoins. Binance Futures will launch the BRETTUSDT Perpetual Contract with up to 50x leverage.https://t.co/apzyvjoqr7
— Wu Blockchain (@WuBlockchain) August 20, 2024
Top BRETT Holders Makes Strategic Moves
In a notable transaction before Binance’s announcement, an early BRETT holder with the wallet address 0x85…528e transferred 19.29 million BRETT tokens to Bybit, valued at approximately $1.71 million. This investor initially purchased 96.946 million BRETT tokens on February 24 for just 0.067 ETH (around $178). Over the past few months, the holder has capitalized on BRETT’s meteoric rise, realizing profits that have multiplied their initial investment tens of thousands of times.
Before Binance announced the launch of the BRETT future listing, an early BRETT holder: 0x85…528e transferred 19.29 million BRETTs to Bybit at 15:59 UTC+8, worth about $1.71 million. It spent 0.067 ETH (about $178) on February 24 to purchase 96.946m BRETTs, and sold them in the… https://t.co/AHDps1aXOz
— Wu Blockchain (@WuBlockchain) August 20, 2024
As BRETT continues to pump, it stands out as a dominant player in the memecoin space, particularly on the Base network. With major exchanges like Upbit and Binance adding support, and a growing community of enthusiastic traders, BRETT’s momentum shows no signs of slowing down. Investors and traders alike are watching closely as BRETT cements its position as a leading memecoin in the ever-evolving crypto landscape.
#Binance Futures will launch USDⓈ-Margined $BRETT Perpetual Contract at
🗓️ August 20 2024, 10:35 (UTC)
Read more ➡️ https://t.co/PL9Cl0OX1m pic.twitter.com/8JOnCSN6oQ
— Binance Futures (@BinanceFutures) August 20, 2024
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.
Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!
Image Source: loft39studio/123RF// Image Effects by Colorcinch