Base Chain Memecoins Surge Amid Coinbase-SEC Lawsuit

28 Mar, 2024 Updated 06 Sep, 2025

By David Pokima

Crypto Journalist

Expertise : Finance/Crypto Journalist

David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.

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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

6 Meme Coins Crypto To Avoid Until After Halving

Coinye West Lead Base Chain Memecoin Surge

Coinye West tops the chart surging 102% today with the community rallying behind the asset. The fact the asset has 100X in the past 24 hours comes amid the recent memecoin frenzy in the cryptocurrency market. Bald Dog comes in second with a 45.2% increase adding to its impressive 313% surge this past week. Brett, which is popular among the wider community, is up 25.9% today. The asset consolidates on gains picked up in the last two weeks.

With a 55.7% and 73% increase in the above time frames, Brett remains among the top flying memecoin in the market. Brett tops the Base memecoin ecosystem by market cap with a $14.2% daily volume. Toshi and Degen rank next with a 68.2% and 127% weekly increase respectively.

The memecoin market has ticked upwards in the last two weeks following a wider market surge sparked by increasing investor confidence. The memecoin market stands at $69.1 billion at press time, an 8% increase from the previous day. Leading asset Dogecoin continued the upward momentum with a 13% daily rise.

Base memecoins have flipped Solana memecoins regarding gains and the trending nature of assets. Dogwifhat, BONK, and Slerf are down 6.6%, 1.4%, and 18.5% respectively.

Court Denies Coinbase Motion

On March 27, a federal court in Manhattan denied Coinbase’s motion to dismiss the lawsuit filed by the SEC for the operation of an unregistered exchange and offering trading services around unregistered securities. The effect of the decision means the case will proceed to trial with Coinbase having an opportunity to receive delivery from the financial regulator.

Some experts suggest that the reason behind the spike of Base tokens is due to the issue on Coinbase Wallet dropped by the court. Despite this, the rest of the case will proceed to trial with both parties appearing confident.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.