After BALD Price Erupts, Base Devs Also Rumored to be Behind HAIRY Coin, Up 8,000% in 4 Hours
The BALD coin price has erupted, becoming the first meme coin on the Coinbase Layer 2 Blockchain to go viral, and now it has found its partner – HAIRY coin.
BALD coin's price is up more than 3 million percent, and at one point today, it was up 4 million percent, or 40,000x.
Meanwhile, HAIRY coin is up as much as 8,000%, and it looks like there's much more to come.
Base is the leading US crypto exchange's very own blockchain but is yet to be fully interoperable with the rest of the crypto ecosystem, which means buyers of BALD cannot yet realize their profits by selling.
Base is built using the Optimism stack, which users roll-up technology to batch transactions on Ethereum and leverage its security.
Nevertheless, BALD return on investment, on paper at least, has been impressive for many:
However, there is talk that the HAIRY meme coin might have been created by the same team that is behind BALD, as a cheeky way to allow the Base trend to create realizable value for those who get in early.
That seems to be working. Returns on HAIRY are looking good, in the early price action, as the 37x gains made in this alpha group show:
HAIRY, at the time of writing, is priced at $000.45.
BALD is thought to be so named as a nod to Coinbase CEO Brian Armstrong, who is bald.
Although little is known about BALD's creators, blockchain sleuths have noticed that its creators seem to be associated with Coinbase.
This is surmised to be the case because the deployer of the BALD token contract is associated with an address that contains half of the current supply of cbETH supply.
cbETH is the Base version of a staked asset, like stETH. It allows the value tied up in the staked asset to be traded on secondary markets.
According to DEXTools data, BALD
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