This Memecoin has MASSIVE Potential - Brett on Based

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Description

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 ...

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...