While Solana has seen a surge in memecoins lately, ROOST offers a twist on the narrative. It’s a memecoin riding the wave of popularity within the BASE crypto ecosystem. Launched in March, it has quickly garnered attention for its association with the BASE network and its mascot role of protecting and guiding the BASE community.
Fueling this interest I believe is ROOST’s successful presale, which reportedly raised $11 million in just 24 hours. Additionally, the project boasts features like burned liquidity and renounced ownership, typically seen as measures to increase investor trust.
With over 48,500 followers and recent trading volume exceeding $2.2 million, ROOST has established a presence within the BASE community. However, unlike established meme coins, ROOST hasn’t experienced a major price surge yet. This could be an opportunity for early investors, and a potential listing on Tier 1 CEXs like Bitget’s poolx could further amplify this prospect.
Overall, ROOST presents an interesting case study. While its early success is promising, it remains to be seen if it can translate into long-term sustainability. Can a Successful Presale Impact Trajectory? Will the BASE Chain Give ROOST a Competitive Edge?