The Next PEPE is on Coinbase (BASE)

Coinbase is preparing to launch its base chain, aiming to attract users by championing mascots or meme coins. The platform has been working on this for years, with the fourth phase focusing on building an open financial system through apps. Coinbase's strategy involves sending "just about everything on base," especially cute cats, which can lead to a skyward trajectory. For example, AeroDome Finance's value increased by 700% after Coinbase listed it, indicating the potential for meme coins. Some theories suggest that Toshi and Mochi could be the faces of Base. Coinbase's popularity is skyrocketing due to the recent Ethereum upgrade, which reduced gas fees on layer twos. To get started with Base, users can simply switch a switch in their MetaMask or Coinbase wallet.

ETH whales cashing out massively amid Ethereum price drop

So, amidst the chaos of the crypto rollercoaster, Ethereum's big shots, or as we like to call them, the "whales," decided to cash out a whopping $95.7 million worth of ETH in just four days. And guess what? They walked away with a cool $39 million in profits. Talk about swimming in cash!

This massive sell-off comes at a time when ETH prices took a nosedive, plummeting over 11% since the start of the week. From soaring heights of $4,093 to a sudden crash down to $3,200 per ETH, it's been quite the ride.

According to CoinGlass, in the last 24 hours alone, traders went on a liquidation spree, waving goodbye to positions worth a staggering $120 million. And get this, a whopping 85% of these were long positions – looks like everyone's in a hurry to grab those profits and run for the hills.

But hey, it's not all sunshine and rainbows. These cash-outs by the ETH whales have got folks scratching their heads, wondering what's next for Ethereum and the rest of the crypto market. Ah, the drama never ends in Crypto Land!

• Golden Bull' Floki's 75% Single Day Rally Leaves Dogecoin, Shiba Inu Behind: 'Casual 10x Incoming,' Says Trader

• Argentinians Ditching US Dollar, Turning to Bitcoin in Droves Amid 276% Inflation: Report 

• Dogecoin Up by Nearly 15% in 24 Hours After Coinbase Announces Plans To Launch DOGE Futures Trading 

• MicroStrategy Gobbles Up Bitcoin Worth $623,000,000, Now Holds Over 1% of the BTC That Will Ever Exist

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DP

*DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your research.