Odaily Planet Daily reports that, according to GMGN data, influenced by Cobie’s official Twitter post, the Base Meme coin BLUECHIP has surpassed a market cap of $30 million, rising over 60% from its intraday low, and is currently trading at $22 million.
In terms of narrative, BLUECHIP originates from Cobie, Head of Trading Products at Coinbase, and his early trading experiences. In June 2014, Cobie posted multiple consecutive days discussing a token named BlueChip, covering its price reaching new highs, order book changes, and his decision to hold. Recently, these historical posts were rediscovered by the community, giving rise to the narrative of "the 2014 meme revived."
Odaily reminds users that meme coin prices are highly volatile; investors should be aware of the risks.