Base’s First Multichain Token Base Dawgz ($DAWGZ) Launches on DEXs

• Base's first multichain token, Base Dawgz ($DAWGZ), launched on decentralized exchanges yesterday.
• A surge in staking indicates a commitment to $DAWGZ, showing it's not a flash in the pan.
• $DAWGZ is set to be the dog meme coin on Base and could turn $500 into $41,670.

$DAWGZ debuted on DEX at 18:00 CET yesterday. It showed its bullish intent in its first few minutes on the open market, although it succumbed to profit-taking.

Traders have a choice of two liquidity pools. The base-jumping dog-themed coin launches with independent token contracts for the Base and Solana chains.

$DAWGZ's price on the main Base ETH pair reached $0.005610 within the first minutes of trading. You can find the SOL pair over at Dexscreener.

After the initial sell-off, an emphatic buyback is expected to kick in. All presale buyers received their tokens via an airdrop to their EVM or SOL wallet, depending on which version of $DAWGZ they bought.

If you're a presale buyer, you may be looking to average down your initial purchase price. If you're a new entrant, a solid rebound from current prices around the $0.0023 mark could be attractive.

After raising $3,358,012 in its presale, investors have been eagerly awaiting its launch, not least because of its unique interoperability features.

Source: https://x.com/BaseDawgz/status/1831705785916645671Surge in Staking Shows Commitment to $DAWGZ Is Not a Fly-by-Night Affair

Helping alleviate any emerging selling pressure at launch is that investors have staked 39.9% of tokens bought at presale. Stakers must not move or trade their tokens during the seven-day lock period to earn rewards.

Presale buyers could stake on both the Base and Solana chains, but post-launch staking is only available on Base.

Aside from the two liquidity pools, the token's core functionality is its multichain utility. $DAWGZ uses Wormhole and Portal Bridge technology to enable multichain functionality. This means investors can trade it across Base, Ethereum, Solana, Avalanche, and BNB Smart Chain (BSC).

Base Dawgz is exhibiting robust price action despite nervousness in the broader crypto market. This is probably due to its strong feature set and choice of home chain Base, which has been growing in popularity in the crypto space.

The total valued locked (TVL) on the Base chain is $1.468B. However, the impressive headline figure is far from the whole story.

Source: DefiLlama

Base was launched by top US-based exchange Coinbase in August 2023. It's an Ethereum Layer-2 that has been well-received by market participants.

Over its short lifecycle, it has proven to be one of the strongest performing chains in TVL, which has consolidated around current levels. Conversely, many other chains have lost value.

With coins like BRETT lighting up the ether, Base has secured its place among the top chains by trading volume. This means Base Dawgz has made a smart move by making Base its home chain.

Visibility on Base for this new meme coin sporting a unique design proposition explains why the chatter has already been intense and is set to grow.

In August, trading volume stood at $16.7B, placing the chain fifth in the rankings, with Ethereum in first place at $52B.

Furthermore, because of its multichain design, by buying $DAWGZ, traders have easy access to Solana ($42B trading volume in August), BNB Chain ($20.6B), and, of course, Ethereum.

$DAWGZ Is Set To Be The Dog Meme Coin on Base - Here's How $500 Can Turn Into $41,670Base has assembled a standout collection of meme coins.

Brett ($BRETT) is the Base meme coin to catch. Crypto data site CoinGecko ranks Brett seventh with a market capitalization of $701.9M.

Those who purchased $BRETT at its all-time low six months ago will enjoy a return of 8,234% today.

That's despite the retracement in valuations over the past couple of weeks. Also, remember that $BRETT is 63% off its all-time high of $0.1933 compared to $0.0708.

That suggests early buyers in high-profile Base meme coins like Brett and probably $DAWGZ, too, will have lots of wiggle room to secure outsized alpha. This is even if the current general market weakness persists.

The soft market is also a blessing for new entrants to the Base category. New buyers will be hunting for bargains, and with 8,000%-plus gains, there is a real possibility for a successful meme coin. There is every reason to allocate funds to $DAWGZ.

Breaking that down into dollars, you would have transformed a $500 investment into $41,670.Base Is Missing Serious Dog Meme Coins - $DAWGZ Fills the Gap

Interestingly, the Base network's meme coin roster is light on dog-themed tokens - and that's excellent news for $DAWGZ. There are none in the top ten, as compiled by Coinmarketcap.

By comparison, Solana's top two meme coins are dog-themed tokens - DogWifHat ($WIF) and Bonk ($BONK).

Put simply, until now, there has been no serious Shiba Inu token prowling the Base ecosystem for the community to support.

For sure, there are easy-meme-coin-creation platforms such as base.fun - the Base equivalent of pump.fun. But there are striking signs that the market is tiring of such low-quality offerings that are helping the likes of high-utility Base Dawgz stand out from the crowd.

Sinking funds into a throwaway meme coin at this point is folly. However, $DAWGZ is an entirely different breed that is undoubtedly near the top of the watchlist of many savvy meme coin trading sophisticates.

As we have seen, the multichain token's extensive reach provides access to abundant liquidity, a killer advantage over tokens limited to single chains.

When markets dip, and the tide goes out, it is easier to see which assets and coins are the strongest. Base Dawgz today is showing it can stand tall while others wilt.

Join up on X and Telegram to keep in the loop on the latest news from the project. As the value of $DAWGZ rises over the next few weeks, it could jump into the arms of some top centralized exchanges. Don't miss out on this ride to the moon.

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