The crypto world is buzzing with the early developments of the Base Trench Alliance (BTA), a collaborative effort on the Base blockchain that's bringing together top projects, builders, and AI-driven tools to tackle what they're calling the "PVE" code—likely a nod to player-versus-environment challenges in gaming, but applied here to navigating the volatile meme token landscape.
In a recent tweet thread, @Altcoinist_com highlighted the alliance's progress, announcing the first major milestone: a buyback of 500,000 $SQDGN tokens using fees generated from the $ALTT Trench Bot's trading activity. This move isn't just a one-off; it's the start of a self-sustaining flywheel designed to boost value across participating projects.
For those new to the scene, $ALTT is the native token of Altcoinist, a platform focused on altcoin discovery and trading bots. The Trench Bot, in particular, automates trades and generates fees, a portion of which is now being redirected to support allies like $SQDGN—a degenerate squid-themed meme token that's gaining traction in the Base ecosystem. By buying back $SQDGN, the alliance is reducing supply and potentially driving up its value, creating a positive feedback loop or "flywheel" that benefits everyone involved.
The quoted post from @sqdgnintern confirms the transaction, pointing to a public fee address on BaseScan for transparency. This level of openness is key in building trust within the community, especially in the often opaque world of meme tokens.
Replies to the thread echo the excitement, with shouts of "BTA" and mentions of $ABX (Alpha Base Index) "cooking"—hinting at more innovations on the horizon. The alliance includes heavy hitters like @helloSQD, @helloSQDGN, @DefinitiveFi, and @virtuals_io, blending AI agents, gem hunters, and traders into a unified force.
What does this mean for meme token enthusiasts? It's a prime example of how collaborations can create real utility and sustainability in a space often dismissed as pure speculation. By pooling resources and revenue streams, the BTA is setting a blueprint for future alliances, potentially leading to more stable growth and less rug-pull risks.
If you're diving into Base memes, keep an eye on $ALTT and $SQDGN—their intertwined fates could signal bigger waves in the ecosystem. As always, DYOR (do your own research) before jumping in, but this flywheel is definitely loading up for something big.