The Wriggling Memecoin… Is the Base Season Coming Again?

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The meme coin market has revived after moving from Ethereum to Solana and is now moving to Base. Looking at recently launched coins and upcoming tokens, a meme coin trend is emerging on Base, which is expected to bring a wave of 'content coins'.

BeInCrypto has analyzed several leading meme coins that investors should pay attention to.

Zora Token, Pioneering the Content Coin Ecosystem

The long-awaited $ZORA token will be launched on Coinbase's Base network on Wednesday, April 23, 2025, with support from Coinbase Ventures and Paradigm. Out of 10 billion token supply, 10% is allocated to airdrop, 20% to community incentives, 5% to liquidity provision, with the remainder distributed to finance, team, and strategic contributors according to a multi-year vesting schedule.

Base has emerged as a hub for "content coins". Each social media post on Zora automatically generates a unique ERC-20 meme coin. This feature has driven significant engagement, with an early April experiment seeing two content coins surge, generating record fee revenues, with one rising 350% in just 24 hours.

Zora's integration with Base and Farcaster is developing a rapidly connected application network, enabling creators to seamlessly monetize posts and memes, transforming social media interactions into profitable digital assets.

Today's Highlight: Based Froc ($FROC)

  • Launch Date – March 2025
  • Total Circulating Supply – 10 billion FROC
  • Maximum Supply – 10 billion FROC
  • Fully Diluted Valuation (FDV) – $1.22 million

Based Froc (FROC) led the day's gainers, rising nearly 71% at its peak and ranking first in CoinGecko's 'frog theme' category. FROC first gained attention when a Coinbase engineer introduced it using Clunker, Farcaster's AI-based token generation bot.

At the time of writing, the meme coin was trading at $0.00001251, attempting to secure $0.00001209 as a support level, which could guide the meme coin to a $0.00001676 resistance level and potentially break through it.

FROC Price Analysis.
FROC Price Analysis. Source: TradingView

However, if FROC loses momentum, the meme coin could drop back to a $0.00000775 support level, potentially erasing recent gains and extending losses, invalidating the bullish outlook.

Small Cap Corner, Base's Byte ($BYTE)

  • Launch Date – March 2025
  • Maximum Supply – 1 billion BYTE
  • Fully Diluted Valuation (FDV) – $747,590

Base's Byte showed remarkable growth, rising 128% in a day. Kliza Systems, an AI token distributor, recently moved the remaining $BYTE tokens to the Grok AI wallet. This action increased Grok's stake to nearly 27% of total supply, effectively locking tokens and strengthening Byte's deflationary nature.

This is expected to be reflected in price movements in the coming days. BYTE is trading at $0.0006539, above the $0.0005737 support level. Securing this support could push the meme coin to a $0.0010523 resistance level, extending investor returns.

BYTE Price Analysis.
BYTE Price Analysis. Source: GeckoTerminal

Conversely, if momentum reverses, BYTE could break below the $0.0005737 support level, potentially causing the altcoin to drop to $0.0001533, erasing recent gains and invalidating the bullish thesis.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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