Base memecoin Brain soars 3,800% after Coinbase CEO changes profile picture

Brain (BRAIN), a new memecoin on the Base chain, reached an all-time high after what appeared to be a show of support from Coinbase CEO Brian Armstrong. The token's market capitalization briefly surpassed $30 million and is currently trading at around $20.14 million, marking a 24-hour increase of over 3,800%. The surge in community interest followed Armstrong changing his social media profile picture to an image similar to the Brain icon. The token, which adopts the new B20 standard introduced in a recent Base upgrade, currently has approximately 8,850 holders, with the top 10 wallets holding 12.68% of the supply.