In the fast-paced world of crypto trading, where loyalties to blockchains can run deep, one trader's recent confession on X has sparked conversations about the evolving landscape of meme tokens. @MrDegenWolf, a self-proclaimed "Wolf of Pump fun" who's made @base his new home, shared a candid post about dipping into a Solana ($SOL) long position—despite his apparent disdain for the chain.
The Confession: SOL Long with a Twist
The tweet starts with a touch of shame: "Fam, frens, partners and holders I’m ashamed to admit I opened a $SOL long yesterday alongside my $ETH one…" But he quickly clarifies his stance. He doesn't hold any spot SOL and has no plans to. Instead, any profits from this "soylana long" will be fully rotated into a coin on the Base chain. His final words? "sol is cooked, rotate to Base."
This move comes at a time when Solana has faced criticism for network congestion and competition from faster, cheaper alternatives like Base, which is built on Ethereum's layer-2 technology. Base has been gaining traction for its low fees and vibrant meme coin community, making it a hot spot for traders looking to flip quick gains.
Attached to the tweet are screenshots from AEVO, a popular platform for leveraged perpetual futures trading. Interestingly, the images showcase impressive gains on $DEGEN positions— a meme token native to Base. One shows a +26.60% return on a 35x leverage long, with an entry at $186.113 and index at $187.838. The other boasts a whopping +594.45% on a 25x leverage long, entered at $3,488.62 and indexing at $4,413.01.
While the text focuses on SOL and ETH, these DEGEN visuals underscore @MrDegenWolf's allegiance to Base. DEGEN, known for its community-driven hype and ties to the Farcaster social protocol, exemplifies the kind of meme tokens thriving on Base. It's no surprise he'd highlight it as a potential destination for those SOL profits.
Community Reactions: Suggestions and Support
The thread didn't stop at the main post. Replies poured in, with users chiming in on the Base pivot. One suggested rotating to $DUCK on Base, praising the dev team and inviting others to join @base_duck_. Another user, @sol_strat, acknowledged SOL's underrated status but respected the shift, prompting @MrDegenWolf to jokingly suggest they rebrand to "BaseStrat."
Others showed support with humor and enthusiasm. @atzebase quipped, "Can’t hurt to make profits with a good shitcoin 💙😂," while @ponchoBASE dropped an image calling the move "Extremely based." Even amid the banter, the consensus seemed clear: Base is where the action is for meme enthusiasts.
Why Rotate to Base? The Bigger Picture
This tweet highlights a broader trend in the meme token space. Solana, once the darling for high-speed, low-cost transactions, has seen its meme ecosystem challenged by scalability issues and competition. Base, powered by Optimism's OP Stack, offers Ethereum's security with faster, cheaper ops—perfect for the viral, high-volume trading that meme coins thrive on.
Traders like @MrDegenWolf are betting on short-term recoveries in established chains like Solana but channeling long-term plays into emerging hubs like Base. Leverage trading on platforms like AEVO amplifies these bets, allowing for massive gains (or losses) with minimal capital. But remember, leverage is a double-edged sword—always do your own research and trade responsibly.
If you're exploring Base meme coins, tokens like DEGEN, DUCK, and PONCHO are worth watching. They embody the fun, community-focused spirit that's driving the next wave of crypto adoption. As the trader says, SOL might be "cooked," but Base is heating up.
Stay tuned to Meme Insider for more updates on meme token trends, trading strategies, and blockchain shifts. What's your take—sticking with Solana or rotating to Base?