TechFlow reports, according to Spot On Chain monitoring, the BALD developer has burned approximately 600 million tokens (about 60% of total supply) within the past 5 hours, causing the BALD price to surge by 60%.
In August, the developer executed a withdrawal action, pulling back 3,000 ETH from the community, and has shown renewed activity in recent days. Memecoins on Base have all increased within the past 24 hours:
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$TOSHI: 17%
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$MOCHI: 28%
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$SMUDCAT: 154%
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$DEGEN: 8%
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$BRETT: 20%
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