BALD Coin Hits $70M Market Cap In 24 Hrs

New coin ‘BALD’ launched this weekend on Coinbase’s new chain, Base – and exploded to as high as a $70 million market cap in less than 24 hours, on LeetSwap decentralized exchange.

Since its July 29 listing at 21:00 UTC, $BALD token rose over 4 million percent, before a correction.

What is Bald Coin?

Not yet having a website or CoinMarketCap description, information on Bald coin is hard to come by – other than it being described as a meme coin and a reference to Brian Armstrong’s bald head.

Rumors of connections to Coinbase insiders are also already rife, with some traders even speculating the $BALD deployer is Brian himself.

$BALD token has an enormous amount of liquidity, currently $30 million.

Now one of the most talked about new coins on crypto Twitter, some wallet addresses have been tracked investing as little as 0.5 ETH in $BALD and profiting upwards of $1 million.

View the latest BALD price chart on DEXScreener.

What is Base Blockchain?

Read Coinbase’s introduction to the Base network here, its ‘secure, low-cost, developer-friendly Ethereum Layer 2 network’.

The Base network’s official Twitter handle is @BuildonBase.

The Base chain is set to launch fully in August, and currently is a one-way bridge – meaning holders of $BALD and other $BASE coins can’t yet cash out their funds.

Next Cryptocurrency to Explode

Some veteran crypto Twitter accounts have recommended not to buy Bald at its current market cap, including @TheFlowHorse (formerly Cantering Clark) and @MacroCRG.

Some of the new Base chain coins, or those rumored to have Base devs, that have been tipped as the next cryptos to explode, include $BRIAN, $HAIRY and $OPTISM.

HAIRY coin was listed at 14:00 UTC on July 30 and is currently up over 1,000%.

View the HAIRY price chart on DEXTools.