This Memecoin has MASSIVE Potential - Brett on Based
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Meme coins are coming in wave after wave, and this memecoin has a huge potential as it is made by same creator of Pepe. Brett on Based (https://www.basedbrett.com) is the biggest memecoin on the Base ...
Meme coins are coming in wave after wave, and this memecoin has a huge potential as it is made by same creator of Pepe. Brett on Based (https://www.basedbrett.com) is the biggest memecoin on the Base L2 mainnet and here's what you need to know. #memecoin #cryptocurrency #brett #basedbrett
Brett on Coingecko: https://www.coingecko.com/en/search_redirect?id=based-brett&type=coin
Brett Website: https://www.basedbrett.com/
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AI Analysis
Alright, let's dive into the wild world of meme coins! So, the big takeaway is a complete shift in perspective: what was once seen as useless is now considered a crucial part of an investment portfolio, with the presenter actively telling their team to load up on memes. The focus here is on Brett, a meme coin on the Base blockchain (Coinbase's Layer 2 solution), which is gaining serious traction and showing massive potential to become Base's official "mascot."
Here’s the lowdown on why Brett and meme coins, in general, are suddenly a big deal:
* A Change of Heart on Meme Coins: There's a surprising shift in opinion towards meme coins. Previously, they were dismissed as "useless," but now the feeling is that they are essential for crypto portfolios. This change stems from understanding their power to invoke strong emotions—whether it's laughter, tears, or even being grossed out, as in Brett's case—which makes them incredibly easy for people to understand and get into. * Introducing Brett: Pepe's Friend: Brett is a character from "The Boys Club" and is friends with Pepe, one of the top meme coins with a staggering $2.8 billion market cap. Brett is created by Brad Fury, dubbed the "king of memes." It's important to note there are two Brett tokens, but the one being discussed has a significantly higher market cap and trading volume, making it the fastest-growing meme coin on Coinbase's Base network. * The "Mascot" Theory of Networks: The idea is that every major blockchain network tends to adopt a meme coin as its mascot. For example, Shiba is to Ethereum, Bonk and Dog with Hat are to Solana, and Kira and Mira are to Injective. The presenter sees Brett as having the potential to become the official "slimy mascot" for Base, especially since Brett is blue, matching Coinbase's branding. * Why Base Network is a Big Deal: Base is Coinbase's Layer 2 scaling solution for Ethereum. It's highlighted as a significant opportunity because Coinbase is expected to bring in a "massive amount of people" into crypto during the next market run. Base is attractive because it offers much cheaper trading fees compared to Ethereum mainnet, and it's still relatively early, which is a good thing as it means there's growth potential and it hasn't received the full attention it deserves yet. * Airdrop Potential on Base: Being an early user on the Base network also offers the attractive possibility of future airdrops. Since Base uses Ethereum for its transactions, interacting early with the network could qualify users for potential rewards. * Brett's Explosive Growth: Brett has shown incredibly fast growth, quickly climbing the ranks in terms of liquidity pools (like Uniswap and SushiSwap) in just 8 to 11 days since its release. Its initial low supply led to rapid price increases, making it the fastest-growing pool on Base. * Navigating Volatility and Risks: Meme coins are highly volatile, and this is explicitly stated as a major risk. While low supply can lead to quick price pumps, it also means that if large holders decide to sell, it can cause a significant market crash. However, a recent flash crash in Brett's price was immediately bought back up, even accidentally by the same person who caused it, which shows strong bullish sentiment and confidence from significant holders. * The Crucial Act of Wallet Tracking: When dealing with meme coins, tracking wallets is emphasized as an essential research tool. You need to monitor top holders to understand potential "dump pressure" (who might sell) and identify "pumpementals" (those shilling the coin) versus "dumpementals." It's also important to be aware that some top holders might be the same user splitting their holdings across multiple wallets. * Getting Funds onto Base Network: While Base is cheap to use, getting funds onto it via MetaMask can be a pain due to network switching and expensive bridging from Ethereum (e.g., $30-50 fees). A surprising actionable tip is that using exchanges like Bybit for direct ETH withdrawals to Base mainnet is significantly cheaper ($1.13) than withdrawing to Ethereum mainnet ($10.17). For on-chain bridging, which might be a criterion for some airdrops, it's an option despite the higher cost. * Trading on Base: Trading on Base can be done through decentralized exchanges (DEXs) like Uniswap or SushiSwap, which are found to be cheaper than KyberSwap. Transaction fees on Base are remarkably low, often just 20 to 70 cents. * Meme Coins as Onboarding Vehicles: The presenter now sees having meme exposure as crucial for their portfolio, planning to cover both "blue-chip" memes and newer ones. The rationale is that most people entering crypto, especially those coming from platforms like Coinbase, will likely start with easily digestible meme coins rather than complex DeFi or DePIN projects. * Meme Coins as a Market Indicator: A key insight is that meme coins act as a "great indicator of how robust a layer one [blockchain] is." This is because meme coins are among the most heavily traded assets on DEXs, generating significant trading volume and fees. Centralized exchanges notice this volume and are incentivized to list these meme coins, which then attracts even more retail users and leads to massive pumps, as seen with Dogwifhat reaching a billion-dollar market cap. * Waves of Meme Coin Rallies: Based on historical patterns, particularly with Doge, meme coin rallies tend to occur in multiple "explosion waves." The current market is considered the "first explosion," implying there could be a second or even third major wave of meme coin pumps, reinforcing the idea that it's still early and important not to be on the "wrong side of history."
Transcript
All right guys, I cannot believe I'm saying this, but we need to pay attention to memes. And I totally changed my opinion. Previously, I'd be like, memes? This is a little bit useless. But now I'm literally telling my investment team, we need more memes. We need to put and shove memes into our portfolio. Today, we're going to talk about one little gross meme in particular, called Brett. It's on the base blockchain. That's on the Coinbase chain, if you guys like and know that. There's a little s...
All right guys, I cannot believe I'm saying this, but we need to pay attention to memes. And I totally changed my opinion. Previously, I'd be like, memes? This is a little bit useless. But now I'm literally telling my investment team, we need more memes. We need to put and shove memes into our portfolio. Today, we're going to talk about one little gross meme in particular, called Brett. It's on the base blockchain. That's on the Coinbase chain, if you guys like and know that. There's a little secret that we're going to talk about later in this episode, why I'm interested in this. Actually, you know what? This thing's really grossing me out. It's constant here. I know. Even though I'm switching the camera around, it's on my screen. It's grossing me out. But that's exactly what makes memes powerful, right? It's the fact that it can invoke an emotion. It can make people laugh, cry, grossed out in this case. And that's exactly what brings people in because it's so easy to understand. And that's what people want, right? And I want to make this as concrete and solid as possible. Because at the end of the day, we want to be educated on this channel. So we're going to talk about the good, the bad, and why I'm looking at this one in particular. And of course, guys, meme coins are highly, highly volatile, right? None of this is investment advice. This is extreme, you know, frontier edge of crypto. So anyways, that's full disclaimer. I'm not your financial advisor. Let's get started. Boom. Boom. To help me today, we've got Ron. We've got some Ronergy. We've got some Ronergy going. From the Box Money Plus channel. Exactly. Venture side needs you. Venture side needs you. I didn't know we're a conglomerate. We're a conglomerate now. That's great. But anyways, we're talking about Breton. Okay, so this might seem a little bit weird to you guys because first of all, Bret is disgusting. Okay, I'll tell you why this is interesting. And then I think Ron can talk about, you know, a little bit about the base stuff, okay? The airdrops. You can do the airdrops and then we'll do some final thoughts and we'll work as a team on this one. Because balanced opinions, right? Yeah. So first of all, foremost, it's disgusting AF. It invokes an emotion, which I like. And in terms of history, what this guy is, who this guy is, is he's this guy from the Boys Club. He's Pei-Pei's friend. So as you guys know, Pei-Pei is one of the top meme coins. It's FDV is over $2.8 billion, which is nuts. And then if you look at performance of Pei-Pei as well, just... Oh, yeah. This is good to be Pei-Pei's friend. You know, it's a good time to be Pei-Pei's friend right now. You know, up 500% in the last 14 days. People like this. People just like the frog. It's a frog picture, right? Yeah. So, Brett is Pei-Pei's friend. They're from the Boys Club. It's made by a guy called Brad Fury, if you guys don't know. But he's like the king of memes. This guy's Brett. They're just a bunch of slackers that just chill out. Is there a token for the other two friends? I don't think so. But I... We got it. And just to fill you in on this one, the one that we're talking about, there's two Brett's. Okay? One... This Brett today is okay. He's stabilizing his price. There's another Brett out there. But this Brett is the one with the higher market cap and the higher trading volume, which is why we're talking about it. And he's kind of the fastest growing one on Coinbase. All right? So, this is the base network. And the way that we view meme coins is that every network tends to have... A mascot. A mascot. Yeah. All right? They need a mascot. And it makes sense, right? Brett is blue. Coinbase is blue. We were talking a little bit about this yesterday, right? Mm-hmm. Like, we got Shiba's on Ethereum, right? Doge is its own thing, right? Doge is its own thing. Shiba's on Ethereum. We got the Cocky New on Avalanche. Mm-hmm. We got Solana. We got Bonk. We got Dog with Hat. And then Injective, we got the cats, Kira. And Mira. Mira. And then, what does Coinbase have, right? What does Base have, right? So, why we're looking at it is because there's an opportunity. Mm-hmm. I would say the opportunity to win and become that mascot. That little slimy mascot for Base. All right. And why we're looking at Base is because Base is Coinbase's layer 2 solution. I love the hate for Coinbase because they're so legit. Yeah. It's like, you know, they're the ones that bring people in. Yeah. But they're also the ones that report you to the IRS. But they're the ones who are going to bring you in. Yeah. Right? But if you keep everything chill, I think you'll be okay. So, this run, we're expecting people to come. All right? We're expecting a massive amount of people to come. Mm-hmm. I'm expecting a massive number of people to use the Base network because it's so much cheaper to trade on Base. And it's still very early on this Base. Because most people, if I watch a lot of videos on Base network and people are like, this is so hard to use. It's like, it's not perfect yet. Which is why it's good because it's early. Mm-hmm. Right? It's still, this network, like Coinbase, I feel like it hasn't got the attention it really deserves yet. Mm-hmm. And I feel like that's where we can come play. And on top of that, going on this network early now is good because of your favorite word. Your favorite word. Your favorite word. Airdrops! It took you three seconds. You're fired. I was conflicted. You're conflicted. Bread, meme coin, airdrops. But early transactions because the Base network doesn't use its own token. It uses Ethereum. Yeah. So it's actually powered by Ethereum and traded by Ethereum. So anyways, I'll take you guys through how the trade works. But anyways, that's it. But the biggest reason why I'm interested is because it has that potential to become the top meme. And if you look at Base, which is quite interesting. So if you just look at the statistics. And guys, I think there's two ways to look at it. So the easiest way to search this is Brett. It's Base Brett. And the second easiest way, you can just look at their website. This is the creepy one. You just have to scroll down. You just scroll down. You just scroll down. All right. Okay. Go to DexTools. You'll find Brett. One thing that's kind of interesting I want to highlight is that if you look at the liquidity. And you rank top liquidity, obviously, you know, W, W, RapidEther, Arrow, DoggyMe. I'm not sure why you want to DoggyMe. But if you actually look at Brett, Brett has been released for eight days. All right. It's been out for eight days, but it's already on the top ranks. And there's actually two Brett's there, the UniSwap pool and the TsushiSwap pool. So these, if you combine them together, it'll move even further up. But just look at how fast Brett is growing. Actually, this pool has been out a little bit earlier. It's actually been 11 days. But it is the fastest growing pool. It's the fastest growing in terms of liquidity, in terms of the price. It's been ridiculous. And it does have the potential to be that one mascot. So in terms of Brett, why it moved up really quickly was because of the pooled Brett. In terms of how much pooled Brett there was, the supply was low. So the prices moved up very quickly. This is good and bad, right? It's good because it can move, fluctuate up and down. But it's also bad in the sense that I'll try to balance everything out. That means the people who are, people are not selling. So there's potential that when they decide to sell, they can crash the market. So that's the risk right there. And in fact, that actually kind of happened last night. But immediately, it got bought back up. And the crazy story is, this flash crash was actually, it was accidental. And then the same person immediately bought it back up. Yeah. That shows how bullish he is for Brett. It's interesting. Yeah. You can actually check on Twitter. I think Crashius mentioned it. Oh, right, right, right. And it is. Crashius is very big on this. What caught my attention was just that how much money they made. It's sad because I will be honest. This was actually put into my channel a little bit earlier. Yeah. And I faded it. And this is one of the reasons why I'm making these meme coin videos. I'm going heavy into meme coins. It's because I need to stop fading on these things. Yeah. I cannot afford to fade on this because this guy, you know, he bought $15,000 of Brett. Not worth over a million dollars. No financial advice. But what I feel like is that this is the opportunities we cannot miss in this market anymore. So there will be more discussion and there will be more meme coin videos. And I do feel like this is the balance. Ron is going to be on that airdrop stuff. And I think I'm going to make him a little bit on meme. Because airdrops are slow. Right? They're like. It's a long game. It's a long game. You click a bunch of buttons. And then you get abused by the creators. But memes is like, bam. Straight away. Straight away. Six days ago, $15,000 to over. Oh, Jesus fucking Christ. But you can track that. So this actually tells you something quite important about this as well. That when you're playing with meme coins, you need to track wallets. That's actually quite important. So you need to see who has what. And you can use this as a contract. If you use a token tracker for this, for Brett. You actually know who the holders are. And how much they hold. Right? So these are the top holders. And they hold around 1%. And you cannot exclude the fact. But there could be holders that, like these, I would say. Like people like this could be the same user. Yes. Okay. It could be the same user hiding in playing size. So that could be a possibility as well. Because it's a perfect number. It's a perfect number. Exactly. Or some people may buy in perfect numbers. But it could be the fact that these are perfect numbers. Which is why, you know, I was having a discussion with Ron. I was saying, you know, like, how do you research meme coins? Well, you have to track wallets. Right? That's the only thing you can do. You have to make sure, you know, these wallets are top holders. Wallets, who's holding, who's dumping, etc. Like these are very important key statistics, unfortunately. And of course, you need to track the community as well. Yeah. And then that's the two biggest ways there. Yeah. So I think an easier way to break down that is dump pressure. Dump pressure. Dumpementals. Dumpementals. Dumpementals. Dumpementals. Yeah. You got your balance. You're dumpementals. And who is shilling it? Yeah. They're pumpementals. Pumpementals. Pumpementals. Dumpementals. Dumpementals. And your pumpementals. Dumpementals. Dumpementals. Exactly. Exactly. So I think that's for you guys to research. So last thing I do want to talk a little bit about, and that's what is good about, good, bad about base, is that base is a layer two scaling solution on Ethereum. But you need to switch networks on MetaMask, which is a big pain. Okay. I think this is relatively annoying for a lot of new users. So I do want to say, like, what you have to do is normally on Ethereum, but you got to switch over to base mainnet. And as you can see, I don't have any funds on the base mainnet. Some people talk about bridging, and bridging is very expensive. Okay. So how do you get funds here, right? The big question, how do you get funds? How do you get your ETH onto the base mainnet? And for me, I found that the easiest way, actually, is to use Bybit. Bybit has a direct withdrawal feature. And if you actually withdraw from Bybit, your Ethereum from Bybit to your wallet, it's actually cheaper to withdraw into base than it is to withdraw onto Ethereum. And you can also deposit into your exchange as well. So this is yet again where using an exchange is good. You can always use Ethereum, okay? But you might suffer a 30, 40, 50 US dollar fee. But right now, if you withdraw on a base mainnet, it's $1.13 versus Ethereum, which is $10.17. So there's a big difference. And I want to add on to that. Why would you want to use an on-chain bridge in the first place, bridging from Ethereum to base mainnet? Well, if there is an airdrop going on for base mainnet, that is one of the first criteria, is bridging from Ethereum to base mainnet. I just saw you cringe because you just looked at it. And then also, the trade, you can use KyberSwap to trade. So basically, just connect your wallet, you accept, and you trade with KyberSwap. I actually personally use Uniswap, but it doesn't really matter which one. No, actually, Uniswap and SushiSwap is much cheaper than KyberSwap. Oh, really? Yeah. Okay, okay, okay. Because initially, yesterday, I used Uniswap because it's just a known name. So usually, how I trade coins nowadays is I look at the biggest pool. So I'll be like, oh, yeah, the base pool, WebRap Ether. Yeah. That's the biggest one I connect. But you just have to be aware that when you connect your wallet, you're on the base chain. The good thing is, yesterday, in terms of transactions, a lot of them transactions were actually less than a dollar. Yeah. As in fact, like 20 cents or something. Yeah, 70 cents. Yeah. Not bad. It's pretty good for an ETH layer, too. Not bad. Not bad. Not bad. So I think the final thoughts, I'll give mine. And then, okay. Rock, paper, scissors. Rock, paper, scissors. Wait, wait, wait. On shoot. On shoot. Okay, okay. Rock, paper, scissors, shoot. Okay. Okay. You get to choose. You get to choose. Choose what? Who goes first? You go first. Okay, fine. I go first. I go first. Okay. All right. So, conclusion. Memes, highly volatile. I used to hate memes. But I understand that most people now want... The only way they want to enter is through memes. All right? It's to that point now. So, definitely having more meme exposure is good. And we talked about Floki earlier. We're talking about Brett. But I think we want to do kind of both discoveries. Like, the blue chip memes and then the new ones. And we'll try to cover that as much as that is possible. Because I feel like when that wave of people come... Like, think about how many people PointBase can attract to come into crypto. Yeah. They don't want to play with all that weird ZK or... You know, what is it? Deepin. They just want a happy wet lick from... A wet lick. From... A wet lick from Brett. A Brett wet lick. I lost my hope in humanity right now. Humanity just wants this. You know? Like, they want to... They want to do gender politics and they want a wet harassment lick from Brett. All right. Your final thoughts, Ron. Okay. So, interestingly... I noticed a pattern for meme coins. Okay. So, whenever there's a rally for Bitcoin and Ethereum because of the ETF, what usually follows are meme coin rallies. When it comes to pumps, like big insane pumps for meme coins, there's waves. I think the first wave is always initiated by the real DeFi users, the VGens. And then, you know, people see this. They see this on the news. And then the retail are like, well, how do I do that? Right? And then, going back to when we went to Solana Hacker House, they say that meme coins are a great indicator of how robust a layer one is. One of the reasons is because meme coins are one of the most traded assets on DEXIS. So, centralized exchanges, they see that. They see that volume. There's a lot of fees to be made. So, they want to list that on their exchange. So, that's how you onboard retail. And when it gets listed on exchange, you see these crazy pumps. We see already with Dog Whiff Hat. Honestly, I thought... I never would have thought Dog Whiff Hat would have been like a billion dollar market cap. Let alone to where it's at now. It's like crazy. So, this is a 200 IQ play. Understanding that retail loves this. Retail will trade this. And it will list on exchanges. So, the potential is just too high for listing on exchanges. Like Dog Whiff Hat. That was insane. So, I guess that's why on this channel, for sure, memes will be a staple of this wave. And I think we're still early in that wave. Because if you think about it, there are two explosion waves for Doge. Like we're in the first explosion. Like there's no doubt that we're in the first explosion. But there's going to be a second and maybe a third one this wave. There was one pump for Doge. And a second big one after that. And technically speaking, it's actually one and then two and then three. So, history always repeats itself. It's crypto, bro. It's crypto. Always. Let's not be on the wrong side of history. Yeah. All right. Thank you guys so much for watching. See you later. Peace. Peace. Peace. Peace. Peace. Peace. Peace. Peace. Peace. Peace. Peace.