Bitcoin experienced significant developments during its surge to all-time highs in February and March. The cryptocurrency market attracted great interest as a new era where many millionaires emerged. The pre-registration frenzy and rising interest in meme coins fully captivated the market. Lookonchain announced the latest development concerning one of these meme coins.
New Crypto Rich
Cryptocurrency tracking company Lookonchain reported that two different wallets achieved an incredible gain of 30,830 times through a meme coin on the Ethereum (ETH) layer-2 scaling solution, Base network.
Lookonchain revealed that two wallets, included in the whitelist by the distributors of the meme coin Brett (BRETT), spent 0.034 ETH worth $102 in February to purchase a total of 172.56 million BRETT.
These wallets later distributed the existing BRETTs to other wallets and through them, sold 122.74 million BRETT equivalent to $3.14 million or 890.65 ETH, thus owning a massive gain of up to 30,830 times.
According to Coinbase, the wallet addresses on the whitelist were participants approved for a specific crypto event, similar to an initial coin offering (ICO). Shady, a known cryptocurrency analyst, stated that the person or persons distributing Brett included 139 wallets in the whitelist.
Brett is positioned as the mascot of the Base network. The meme coin’s price is currently finding buyers at $0.0397 and has experienced a price drop of more than 14% in the last 24 hours.
How Much is Ethereum Now?
Lookonchain also reported that a long-inactive Ethereum wallet suddenly transferred $6.65 million worth of 2,000 ETH over the weekend.
This wallet purchased the ETH when the price was only $0.90 in 2025, meaning the value of these ETHs has increased nearly 370,000% in about nine years.
The price of ETH is currently trading below $3,000, at $2,981, and despite the price drop, the 24-hour trading volume has risen to $16.4 billion after a 10% increase.
