• Bald has seen a surge of over 40,000% in the past 48 hours.
• Coinbase CEO Brian Armstrong is suspected to be involved with this project.
• The meme coin has seen an impressive Return on Investment (ROI) of up to 10,000%.
Bald Meme Coin Surges by Over 40,000% in 48 Hours
Bald has in the past 48 hours surged by over 40,000 percent to move from almost $0 market cap to $50,000. This meme coin is making waves after one of the cryptos launched on it made an unprecedented surge in the last couple of days. According to market data, $BALD has made over a 40,000 percent price surge in the last 48 hours and investors have been able to make huge profits.
Coinbase’s Optimism Technology Behind This Surge
Coinbase recently created a new blockchain called Base which was done using Optimism technology that boasts of improved scalability solutions in Ethereum. This initiative appears to have paid off as this meme coin has gained traction due to its compatibility with Base Network and how their assets can become meme coins.
Coinbase CEO Rumored To Be Involved With Bald Meme Coin
Rumors have also emerged that the CEO of Coinbase, Brian Armstrong is involved in the Bald meme coin as there is said to be a pattern that points out a strong connection with a large supply of cbETH which is Coinbase’s variant of staked Ethereum (ETH).
Investors Make 10,000% Profit From This New Meme Coin
The recent surge for this crypto token has significantly increased the investment portfolio of investors as some claim to have made almost 1000 percent Return on Investment (ROI). Some of these profits are estimated to be up to $400,000 while pseudonym trader Cheatcoiner who reportedly invested $500 has made a profit of $1.5 million.
In conclusion, Bald’s dramatic surge appears so far only fueled by hype surrounding its launch on Coinbase’s layer 2 network and rumors about Brian Armstrong being behind it all. While such hype may eventually fade away when investors realize they cannot cash out their gains easily without crashing prices, at least some were able get incredible returns before reality kicks in!