Basecat, a cat-themed meme coin on the Base network, reached a record market capitalization of $83 million on Sept. 6, according to GMGN market data cited by BlockBeats. The token gained about 38% over 24 hours, while trading volume reached $7.6 million. Coinbase had previously enabled spot trading for BASECAT. Basecat is one of the more recognizable cat-themed meme coins in the Base ecosystem and has attracted renewed capital as sentiment toward meme coins across multiple blockchain networks improves. BlockBeats warned that most meme coins lack practical use cases and can be highly volatile, urging users to protect their assets and avoid FOMO, or fear of missing out.