Two wallets on the Ethereum (ETH) layer-2 scaling solution Base have experienced an astounding 30,830x gains on a memecoin, as reported by Lookonchain, a crypto tracker. These wallets, which were whitelisted by the deployer for the meme asset Brett (BRETT), spent 0.034 ETH worth $102 to purchase a total of 172.56 million BRETT in February. Subsequently, the wallets sold 122.74 million BRETT for 890.65 ETH worth $3.14 million on-chain through multiple wallets, resulting in impressive gains of 30,830x. Whitelisted wallets refer to approved participants for a specific crypto event, such as an initial coin offering (ICO), according to Coinbase. Shady, a pseudonymous crypto analyst, revealed that the Brett deployer whitelisted 139 addresses. Brett is known as the “mascot” of the Base chain and is currently trading at $0.0397, experiencing a decrease of over 14% in the last 24 hours. Lookonchain also highlighted the sudden transfer of 2,000 ETH worth $6.65 million from a long-dormant Ethereum wallet over the weekend. This wallet received the trove of ETH from the Ethereum Foundation on September 22nd, 2015, when the price of the second-largest crypto asset by market was only $0.90. This means that the value of the holdings grew by approximately 370,000% over a span of nine years. At the time of writing, ETH is trading at $3,205, showing a decrease of more than 2% in the last 24 hours.
