Base Network Witnesses Surge In Transactions And Launch Of Mfercoin
On March 29th, the Base network experienced a significant uptick in activity, with the number of transactions soaring to 2.275 million.
This surge in activity coincided with a substantial increase in transaction volume on the decentralized exchange (DEX), reaching an impressive $730 million.
Notably, the market value of network stablecoins also reached new heights, surpassing $1.1 billion, marking a remarkable 55% increase.
On March 29, the number of transactions on the Base network reached 2.275 million, transaction volume of DEX reached $730 million. The market value of network stablecoins increased by 55% to more than $1.1 billion, both hit record highs; active users on that day reached 383,000,…
— Wu Blockchain (@WuBlockchain) March 30, 2024
Moreover, the Base network recorded a surge in active users, with a total of 383,000 individuals engaging with the platform on that day. This figure represents the second-highest level of active users in the network’s history, underscoring the growing popularity and adoption of the Base ecosystem.
Adding to the excitement, Sartoshi, the founder of cc0 NFT mfers, made a significant announcement by launching mfercoin on the Base network.
This new cryptocurrency was airdropped to mfer NFT holders, leading to a surge in market capitalization to over $300 million. The trading volume of mfercoin also exceeded $76 million, reflecting strong investor interest and trading activity.
Sartoshi, the founder of cc0 NFT mfers, launched mfercoin on the Base network early this morning and airdropped it to mfer NFT holders. mfercoin’s market capitalization has exceeded $300 million, and its trading volume has exceeded $76 million. The floor price of mfer NFT…
— Wu Blockchain (@WuBlockchain) March 30, 2024
Mfercoin Surges Over 60% In Past 24 Hours
The launch of mfercoin had a profound impact on the mfer NFT market, with the floor price of mfer NFTs surging by over 60% in the past 24 hours, reaching a value of more than 0.6 ETH.
In a remarkable turn of events, a trader managed to achieve extraordinary gains within a short timeframe. With just 0.4 ETH, equivalent to $1,400, the trader earned a staggering $1.4 million in just 10 hours. This impressive gain amounted to a remarkable 995x return on investment.
With only 0.4 $ETH($1,400), this guy made $1.4M in just 10 hours today, a gain of 995x!
He spent 0.4 $ETH($1,400) to buy 16.07M $mfer and sold 14.5M $mfer for 286 $ETH($1M).
He still has 1.58M $mfer left, worth $396K.https://t.co/PzeOyyyvNF pic.twitter.com/urpiOyaJSZ
— Lookonchain (@lookonchain) March 30, 2024
The trader strategically purchased 16.07 million $mfer tokens with 0.4 ETH and subsequently sold 14.5 million $mfer for 286 ETH, equivalent to $1 million. Despite this lucrative sale, the trader still retains 1.58 million $mfer tokens, valued at $396,000.
These developments underscore the dynamic nature of the Base network and its growing ecosystem, attracting both investors and traders seeking opportunities in the burgeoning cryptocurrency market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Filed under: Bitcoin - @ March 31, 2024 4:46 am