BRETT, the memecoin which launched three months ago, has surged 14% to become today’s top gainer.
At the time of writing, the token was still up 8%, exchanging hands at $0.1609, according to data from CoinMarketCap (CMC). In the same period, the meme coin, inspired by a character from the “Boy’s Club” comic, had a daily trading volume of $72 million.
Meanwhile, the crypto asset has also claimed the spot as the 56th largest cryptocurrency, with its market cap surpassing the $1.6 trillion mark. Despite this, BRETT is still down 17% from its all-time high of $0.1939.
The recent surge in BRETT’s price follows a June 25 announcement by crypto exchange KuCoin about a Twitter Space fireside chat with the Brett team.
This event has generated significant interest within the community, further amplified by the opportunity to win $1,000 in BRETT through a giveaway, adding a potential catalyst for the token’s increased trading activity and price rise.
Adding to the bullish sentiment, popular trader Andrew Crypto (@MrTastycalls) shared his optimism about the coin’s trajectory. He noted that BRETT is showing signs of bouncing and breaking out on lower time frames, predicting the coin might reach $0.20 in the coming week.
— Andrew Crypto (@MrTastycalls) June 25, 2024$BRETT boucing from the box and breaking out on the lower time frames. Expecting it to move to 20c from here while market in general is turning green again. Price discovery is loading.
The number 1 meme $BRETT is leading the whole crypto market. LFG. ✍️ pic.twitter.com/NXIssY6Xh7
The latest surge in BRETT memecoin also comes at a time when the broader market is beginning to show signs of recovery. According to CMC data, the global market has climbed 1.2% to stand at $2.28 trillion.
Meanwhile, other Solana-based memecoins are also rallying due to the broader rise in the crypto market, with Pepe (PEPE) surging 9%, Dogwifhat (WIF) up 10%, and Bonk (BONK) seeing a more modest gain of 4%.