Cookie Coin Rockets Up 5,000% But Crypto Whales are Accumulating This Other Coin Instead – What Do They Know?
DEX tokens built on Coinbase's new layer-2 blockchain have been witnessing intense price action since BASE launched on August 9, and Cookie Coin (COOKIE) is the latest entrant to undertake a sensational move this on-chain summer.
With market attention gripped to the BASE launch, recent weeks have seen massive traction for meme coins built using the new blockchain - with coins such as Wall Street Base exploding +1,000%.
This comes amid a so-called 'On-chain Summer' which is a multi-week celebration of onchain art, gaming, music, and most importantly its all taking place on BASE.
Cookie Coin - a novel light-hearted project - is the latest such skyrocket, with the token undertaking an eye-watering +5,000% move from launch.
Following a sensational price move in its opening 24-hours, COOKIE is currently trading at a price of $3.53 (representing a 24-hour change of +2,338%).
Launched at just 15:00 on August 15, the exciting on-chain summer mint caught immediate traction, exploding +612% in the first hour.
This huge opening candle hooked the interest of DEX markets, and a whopping surge of $867.85k in trading volume began flooding into the fresh-eyed project.
In a stunning display during COOKIE's second hour, the BASE-built meme coin surged an additional +1,000% - however, price action met a stiff resistance level at $7.80.
Two-hours of hard-fought resistance triggered a -60% retracement, as early backers took profit on what appeared to be a fleeting moon-shot.
Yet, despite increased market anxiety, the following 8-hours would see a reversal catalyze a second impressive +215% rally, driving price up to hit a new all-time high at $10.08.
While the second rally proved a strong display, since the ATH at 03:00 price action has once again
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