Whitelisted Wallets Earn Huge Returns with Base Altcoin
Reportedly, a memecoin operating on the Ethereum (ETH) layer-2 scaling solution Base saw two wallets achieve exceptional gains, reaching an astonishing 30,830x, as revealed by the crypto tracking platform Lookonchain.
These wallets, specifically whitelisted by the memecoin’s deployer for Brett (BRETT), invested 0.034 ETH, valued at $102, to acquire a combined total of 172.56 million BRETT tokens back in February.
Following this, they proceeded to sell off 122.74 million BRETT tokens for 890.65 ETH, which translates to approximately $3.14 million, using multiple wallets. This staggering increase in value marks an impressive gain of 30,830 times the initial investment.
Whitelisted wallets, which are given authorization for specific crypto activities like ICOs, as explained by Coinbase, were evidently involved in this process. Shady, an anonymous crypto analyst, mentioned that the Brett deployer had whitelisted a total of 139 addresses.
READ MORE: Dogecoin Developer Raises Privacy Concerns with Coinbase
Brett positions itself as the official mascot of the Base chain. At the time of reporting, the meme asset is currently trading at $0.0397, showing a decline of more than 14% within the last 24 hours.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
