Basecat, a newly launched Base meme token, climbed 2,034% over the past 24 hours and more than 12,000% since trading began on Uniswap V4 on Aug. 15, lifting its market value from under $1 million on Aug. 16 to a peak of $20.35 million before it settled at about $17.2 million, or $0.01372 per token. The rally accelerated after listings on Gate and Coinbase Wallet, which GeckoTerminal cited as the main catalyst, and came with 57,533 transactions, $24.67 million in 24-hour volume and about $172,260 in net buying; earlier GMGN data cited by BlockBeats had shown Basecat later trading at a $13.6 million market cap with $27.7 million in 24-hour volume. Basecat has no stated utility or roadmap, and its roughly $539,700 in liquidity against a $17.2 million valuation and about 10,200 holders leaves the token highly sensitive to reversals even as traders had previously linked interest to cat-themed posts from the Base App account.