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The Story of $BALD
The meteoric rise, fall, and return of the $BALD meme coin on Coinbase's L2 over a handful of days.
Degen Scoop
August 01, 2023
The explosion of $BALD has led to the most fascinating story in crypto in ages…
As soon as Coinbase’s L2 Base went live on mainnet, the meme coin launches began. Of them, $BALD had the most insane run-up. This tweet will forever be engraved into crypto history. Kingmaker call.
Bought 2% under 50k mcap.
This is going to be a make it play. I’m
Not touching the bags until 100M mcap.dexscreener.com/base/0xE96df8F…
$BALD $BASE
— cheatcoiner.eth (@cheatcoiner)
8:55 PM • Jul 29, 2023
The frontier is for frontiersman and those that dare to explore. The allure of riches is what brings most to crypto and is the same reason they’ll never be able to leave.
and people legitimately ask us why we’re in this space sometimes
— Prince of Unibot | Manifesting | Gh0Stly (@DextMoon)
9:25 AM • Jul 30, 2023
We can bicker about what is ‘best’ for the industry, but these are the sort of gains that bring people on-chain if they’re willing to do a little bit of learning.
Imagine put 500$ into $BALD and make 1,5M in 10 hours 🤯
Yes @cheatcoiner do it last night , congrats g 🥳
@BuildOnBase is based 📍
📊 dexscreener.com/base/0xe96df8f…
$BALD $BASE
— GEO GEMS (@GEO_GEMS)
10:45 AM • Jul 30, 2023
Base is looking oddly reminiscent of BSC during its shitcoin season. Degens chasing riches have resulted in Base sucking up $80M+ of liquidity. See your yourself on the Dune dashboard that was created.
Let’s get back to the story. Cheatcoiner was up 8 figs off a small bet that turned into revanchist wealth. Things looked perfect, until the deployer rugged all the liquidity….
The $BALD deployer has removed all liquidity of BALD/ETH.
He bridged 9,385 $ETH to #Base, and now he holds 12,433 $ETH, earning 3,048 $ETH ($5.7M) in 2 days.
— Lookonchain (@lookonchain)
4:49 PM • Jul 31, 2023
After this happened, on-chain sleuths began to investigate and made some shocking revelations about the wallet in question.
To Summarize:
- Thousands of ETH between FTX and Bald
- Bald deployer was first voter on all sushi proposals
- Bald deployer tweets same sentence structure as SBF
- Bald deployer was biggest DYDX farmer
- Bald deployer DYDX posts sound like SBF(1/x) 👇
— hype (@hype_eth)
9:26 PM • Jul 31, 2023
The story is still being written as this is posted, but I have a feeling this story is not over just yet. Never a boring day in crypto.
so you mean to tell me the bald dev launched this memecoin, provided 8 figs in liquidity to the LP, ran it up 5 million percent in 24 hours to $50M market cap, ruggged all of the liquidity + price dropped 99%, & just added 100E back to the pool? now its up 5x again from the lows?
— Ansem 🎒 (@blknoiz06)
10:35 PM • Jul 31, 2023
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