Base ecosystem tokens saw massive gains led by PING’s near-tenfold surge, though market watchers warn of heightened risks in volatile meme coin trading.
On Oct. 24, Base chain meme token PING experienced a 970% surge in 24 hours, with its market cap briefly reaching $42 million before settling at $36 million. Other ecosystem tokens including VIRTUAL, CLANKER, AVNT, and SANTA posted double-digit gains. BlockBeats cautioned that such volatility is common in meme token markets, advising investors to exercise caution.