BASE Meme Coin 'thenickshirley' Peaks at $9M Before Sharp Drop

The Base-based meme token surged to a $9.142M peak within 17 hours before easing to about $5.84M on $8.7M volume, as issuer Nick Shirley’s December 26 video drew over 80M U.S. views.

Summary

The Base chain meme coin thenickshirley reached a $9.142 million market cap within 17 hours, later hovering around $5.84 million with $8.7 million in trading volume. The issuer, 23-year-old journalist Nick Shirley, released a December 26 investigation video that amassed over 80 million views across the U.S.

Terms & Concepts
  • Base: An Ethereum Layer-2 network incubated by Coinbase, designed to offer lower fees and faster transactions for decentralized applications.
  • Meme Coin: A cryptocurrency inspired by internet memes or trends, typically highly speculative and volatile.
  • Market Cap: The total value of a cryptocurrency, calculated by multiplying its price by the circulating supply.