Two Whitelisted Wallets Make Staggering 30,830x Gains on Base Altcoin Meme Coin, Brett (BRETT)
In a recent report by crypto tracker Lookonchain, two whitelisted wallets made an incredible 30,830x gain on a memecoin built on the Ethereum (ETH) layer-2 scaling solution Base, called Brett (BRETT). The whitelisted wallets spent 0.034 ETH worth $102 to buy a combined 172.56 million BRETT in February. They subsequently sold 122.74 million BRETT for 890.65 ETH worth $3.14 million on-chain via multiple wallets, resulting in staggering gains of 30,830x.
Whitelisted wallets are approved participants for a specific crypto event like an initial coin offering (ICO). According to Coinbase, the Brett deployer whitelisted 139 addresses. Brett bills itself as the “mascot” of the Base chain. The meme asset is trading at $0.0397 at the time of writing and is down more than 14% in the past 24 hours.
Lookonchain also noted that a long-dormant Ethereum wallet abruptly transferred 2,000 ETH worth $6.65 million over the weekend. The wallet received the trove of ETH from the Ethereum Foundation on Sept 22nd, 2015, when the price of the second-largest crypto asset by market was only $0.90. This means that the value of the holdings grew by approximately 370,000% over nine years. ETH is trading at $3,205 at time of writing and is down more than 2% in the past 24 hours.
This news highlights the potential gains that can be made in the crypto market, particularly with new and emerging altcoins. However, it’s important to note that investing in crypto assets carries significant risks, and investors should do their due diligence before making any high-risk investments.
In other news, the price of Bitcoin (BTC) is currently trading at $60,649.25, up 2.66% in the past 24 hours. Ethereum (ETH) is trading at $2,989.75, up 5.03%. Other top altcoins include Cardano (ADA) at $0.428242, up 5.65%; XRP at $0.493821, up 2.88%; Dogecoin (DOGE) at $0.133692, up 5.41%.
