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Meme coins are performing well amid a broader market lull, with Base chain token Brett leading the pack.
While industry leaders Bitcoin and Ethereum are largely unmoved over the past 24 hours, Brett (BRETT) jumped 7%, Pepe (PEPE) leaped 6%, and Bonk (BONK) climbed 4%. This puts them all in the top six gainers out of the top 100 tokens by market capitalization with Brett in first place.
The token on Coinbase’s Ethereum layer-2 network also leads the pack for gains over the past week surging a huge 51%. To put this into perspective, the second largest gainer over the same period is Injective (INJ) with only 10%. While both Bitcoin and Ethereum have slipped 4% and 6.5% respectively in the past 7 days.
During this successful week for Brett, other “blue chip” meme coins have struggled to perform as well. Leading meme coin, Dogecoin (DOGE), has dropped 13% down to $0.1405. Shiba Inu (SHIB) has also dropped 14.5%, Dogwifhat (WIF) has tumbled 23%, and Floki (FLOKI) fell 27%.
At the time of writing, Brett sits at $0.1673 and has attracted nearly $130 million of trading volume in the past 24 hours.
Brett is a meme coin inspired by Matt Furie’s comic series Boy’s Club—the same comic that spawned Pepe the Frog. Brett is Pepe the Frog’s “best friend,” as per the meme coin’s official site, he’s also a “dancer and loves video games.”
Last week Brett broke past a $1 billion market cap. This came after the token climbed 24% in a day. Now, the token sits at a $1.7 billion market cap and is the 67th largest crypto token on CoinGecko. And it’s now threatening to flip its Solana competitor, BONK, which is just $200 million ahead.
Meanwhile the meme coin dedicated to Brett’s more popular friend, PEPE sits at a market cap of $5.6 billion making it the 23rd largest crypto token and third largest meme coin.
Edited by Stacy Elliott.
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Source: https://decrypt.co/234902/brett-bonk-and-pepe-top-gainers-amid-market-lull
