Base memecoin BASE briefly tops $17.8M in market cap

Base is for everyone (BASE), a memecoin issued by Coinbase's layer-2 network Base, has briefly crossed $17.8 million in market capitalization, according to data from CoinMarketCap. Issued earlier today (April 17), BASE is designed with a total supply of 1 billion coins. Notably, there have been drastic fluctuations in the market cap of the memecoin due to community discussions and associated token offerings. The price of BASE once reached a high of $0.0173, while also plunging by 90% to $0.0007176 at one point. At the time of writing, BASE is trading at $0.01657, up 80.85% in the past day.