Base meme token BLUECHIP briefly pushed its market capitalization above $12 million, according to GMGN, after rising more than 50% from its intraday low. The token was later quoted at $10 million.
The narrative around BLUECHIP is tied to early trading posts from Cobie, Coinbase’s head of trading products. In June 2014, Cobie posted for several consecutive days about a token called BlueChip, discussing its price hitting new highs, changes in order-book listings, and his decision to keep holding it.
Those old posts have recently been recirculated by the community, giving rise to a “2014 meme revived” storyline around the token. Odaily noted that meme coins can see sharp price swings and warned users to pay attention to risk.
Base meme token BLUECHIP briefly saw its market capitalization rise above $12 million, according to GMGN. The token had gained more than 50% from its intraday low and was later quoted at $10 million.
The token’s narrative traces back to early trading experiences shared by Cobie, Coinbase’s head of trading products. In June 2014, Cobie posted over several consecutive days about a token called BlueChip, including comments on the token reaching new price highs, changes in listed orders, and his decision to continue holding it.
More recently, those historical posts were resurfaced by the community, which helped form a “2014 meme revived” narrative around BLUECHIP.
Odaily warned that meme coins are highly volatile and said investors should pay attention to risk.
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