here me out

the new meta rn is BASE, not memecoins that most might think (although yes memecoins are making big money for people)

BASE has more than $27m bridged in within 24h -> all these liquidity that went in CANNOT leave the ecosystem

$27m will remain within base and pvp until the official bridge is live

i expect more liquidity to be bridged into base as time passes

it also means liquidity was removed from other ecosystems, leaving lesser liquidity to fund previous narratives or narratives outside base

if you have the time it might be worth to trade the meta frens

but do so carefully please

understand that this is still under the broader degen meta umbrella

+ whatever new dapps you might hear coming out on base in the coming days

already 35m bridged

you can track here:
https://dune.com/tk-research/base

rotated out of this into base eco for a small loss

nothing wrong w fusion, more of opp. cost issue

better to trade the meta that has momentum

JPEGd pETH has just been hacked due to a read only reentrancy in a Curve oracle for 11 million USD.

https://twitter.com/DecurityHQ/status/1685646377198505985

The attacker was frontrunned by a MEV bot: https://etherscan.io/tx/0xa84aa065ce61dbb1eb50ab6ae67fc31a9da50dd2c74eefd561661bfce2f1620c

Alchemix and Metronome DAO also been hacked due to this read-only reentrancy bug: https://twitter.com/hexagate_/status/1685677801813217280

“We really didn’t have a choice at that point, delisting every asset other than bitcoin, which by the way is not what the law says, would have essentially meant the end of the crypto industry in the US,” he said. “It kind of made it an easy choice . . . let’s go to court and find out what the court says.”

seems more like a recount framed to make it seem like it’s something new

https://www.ft.com/content/1f873dd5-df8f-4cfc-bb21-ef83ed11fb4d

volume is truly lacking in the market

usual day trades on lower timeframes are taking too long to move as well

explosive move likely to come soon from btc after long periods of low volatility

as long as liquid markets remain mundane i think the music continues playing for memecoins

likewise for base as long as the official bridge isn't out

currently there are a few ways to bridge out of base, but in small amounts to my knowledge

nothing significant and given the environment i think people would rather wait for the official bridge than risk losing $

free blockchain courses for new crypto peeps

#newbie

https://twitter.com/vedangvatsa/status/1631306277166157826

there is a way to bridge out of base to mainnet

but only if you NEED to

its a technical route that requires 7 days

https://twitter.com/0xCygaar/status/1685867602986577920?s=20

sudden spike in eth bridged into base

something must be cookin'