If you've been kicking yourself for missing out on the explosive run of $HYPE, the native token of Hyperliquid that's now trading around $55, you might want to pay close attention to $AVNT. A recent tweet from crypto enthusiast @MrDegenWolf is turning heads, highlighting just how early we might be in the $AVNT journey on the Base chain.
In the tweet, @MrDegenWolf shares a chart from Aerodrome, a popular DEX on Base, showing $AVNT's price climbing steadily. He points out key factors fueling the potential run: backing from the Base ecosystem, integration of real-world assets (RWAs) onchain, perpetual futures trading, and a hefty airdrop through the Bankr Club valued at around $6,000 for eligible members. His closing line? "You missed $HYPE—will you miss the next one?"
What Is $AVNT and Why the Buzz?
$AVNT is the native utility and governance token for Avantis, a decentralized exchange built on Base that's laser-focused on perpetual futures trading, or "perps" for short. Think of perps as contracts that let you bet on asset prices without an expiration date, allowing for leveraged trades on everything from crypto to real-world assets like stocks or commodities—all on the blockchain.
Avantis stands out by bringing RWAs onchain, meaning tokenized versions of traditional assets that can be traded seamlessly in DeFi. This bridges the gap between old-school finance and crypto, potentially unlocking massive liquidity. According to their 公式サイト, $AVNT powers incentives, governance, and ecosystem growth, making it central to the platform's success.
Recent data from CoinMarketCap shows $AVNT trading at about $1.47, with a 24-hour volume exceeding $1.7 billion. That's no small feat for a token that's seen over 575% gains in a short span, as noted on CoinGecko. Backed by heavyweights like Coinbase (since Base is their Layer-2 network), Avantis is positioning itself as a go-to for derivatives in the DeFi space.
The Bankr Club Airdrop: A Game-Changer
One of the tweet's highlights is the airdrop via @bankrbot's Bankr Club. Eligible members can claim $AVNT tokens directly through the platform, with an option to stake for a 35% bonus. Reports from X and sites like BeInCrypto mention distributions worth thousands, including a Binance HODLer airdrop of 10 million $AVNT tokens. If you're in the club, this could be your ticket to early gains—@MrDegenWolf pegs it at $6,000 value, based on current prices.
But a word of caution: airdrops can attract sybil attacks, where bad actors farm multiple accounts. Always verify through official channels like Bankr's X account to avoid scams.
Drawing Parallels to $HYPE's Success
$HYPE, from Hyperliquid, exploded thanks to its fast on-chain perps trading and a massive airdrop in 2024. Now valued at over $55 with a market cap in the billions (per CoinGecko), it's a blueprint for what $AVNT could become. Both tokens thrive on DeFi innovation, community governance, and real utility in trading ecosystems. If Base continues its growth—potentially with its own token launch—$AVNT could ride the wave even higher.
Should You Jump In?
The chart in the tweet screams "early stage," with price action just starting to heat up on Aerodrome. Liquidity sits at $2.3 million, and fully diluted value (FDV) around $1.4 billion, leaving room for growth. But remember, crypto is volatile—do your own research, check Avantis docs, and consider the risks.
If @MrDegenWolf's call is on point, $AVNT might just be the next big DeFi play on Base. Don't say you weren't warned—grab your spot before the pack catches on. For more insights on emerging meme and DeFi tokens, stick with Meme Insider.