In a recent thread on X, crypto investor Ryan Sean Adams highlighted Coinbase's growing treasury holdings in Ethereum (ETH). If you're into meme tokens, this news might just be the signal you've been waiting for, especially with Base—Coinbase's layer-2 solution—playing a starring role.

Adams pointed out that in the last quarter, Coinbase added over $100 million worth of ETH to its portfolio, which translates to about 11,933 ETH units. That's a solid 8.7% increase in their ETH holdings. On the Bitcoin (BTC) side, they stacked up nearly $300 million, or 2,772 BTC, bumping their BTC position by 23.5%. Overall, their crypto treasury now sits at 73% BTC and 27% ETH by fair value.

This isn't just random buying. Adams explains it ties back to Coinbase's evolution. The exchange started with Bitcoin as its foundation—a payments app turned trading powerhouse where BTC reigns as liquidity king. But now, they're all in on Ethereum for their next phase. Base, their Ethereum layer-2 (L2) network, is already generating $100 million annually in revenue and is just getting started. Layer-2s like Base make transactions faster and cheaper by building on top of Ethereum's secure base layer, which is perfect for the wild world of meme tokens that need low fees to thrive.

Coinbase plans to shift their entire on-chain operations to Base, all secured by Ethereum. This move underscores ETH as a core asset, not just for storage but for powering real utility. Adams notes, "They're not just buying ETH. They're scaling Ethereum." Initiatives include accelerating Fusaka (likely a typo or shorthand for upcoming upgrades), improving execution clients like TrieDB and Reth, investing in zero-knowledge proofs (ZK-proofs, tech that verifies transactions without revealing details for privacy and speed), and exploring state expiry solutions to keep the network efficient.

The thread also addresses FUD (fear, uncertainty, doubt) around Base being "parasitic" to Ethereum. Instead, Adams sees it as symbiosis—mutual benefit. By scaling Base to hit 10,000 transactions per second (TPS) by early 2026, Coinbase is essentially supercharging Ethereum. Leaders like Brian Armstrong and Jesse Pollak are praised for building on Ethereum and holding ETH, aligning incentives perfectly.

For meme token enthusiasts, this is huge. Base has become a hotspot for memes thanks to its low costs and seamless integration with Coinbase's ecosystem. Tokens like those inspired by viral trends or communities can launch and trade without the high gas fees that plague Ethereum's mainnet. With Coinbase doubling down on ETH and Base, we could see more liquidity, developer tools, and user adoption pouring in. This might fuel the next wave of meme coin mania, especially as Ethereum positions itself as the "world ledger" with ETH as the "world reserve asset."

Replies in the thread echo the bullish sentiment. One user called it "a beautiful alignment of vision and value," while others highlighted the compounding network effects from L2s like Base. Even amid broader market discussions, the focus remains on how this strengthens Ethereum's ecosystem.

If you're trading or creating meme tokens, keep an eye on Base. Coinbase's actions suggest they're betting big on Ethereum's future, which could mean more opportunities for fun, speculative assets that capture internet culture. For more on meme tokens and blockchain trends, check out our knowledge base at Meme Insider.

Stay tuned— the meme economy might just be gearing up for its next big leap.