Meme traders bridged over $64 million worth of ETH on Base. Here's how many participants used the back door despite mainnet restriction.
Users pull the strings on the bridge
While Coinbase officially launched Base on 23 February, access was limited to the public. However, the recent opening of the chain to developers suggests that the mainnet launch was close by. In fact, speculation went around that the public mainnet would be live in the first week of August. Meanwhile, it seemed that market participants were unconcerned about waiting patiently for the announcement.
Due to this resolve, participants found a way around bridging to the chain using DEXes like LeetSwap, RocketSwap, and a decentralized wallet like MetaMask. As a result, meme tokens like BALD emerged and grew as much as 3,000,000% in less than 10 hours. And according to Lookonchain, both retail and whales took advantage of the situation to make potential gains.
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