Memecoins
What is Brett Memecoin?
Inspired by a character from the comic book “Boy’s Club”, BRETT is a community-driven meme coin with a fixed supply of 10 billion tokens.
Brett Memecoin ($BRETT) has recently become a sensation among cryptocurrencies. Inspired by a character from the comic book “Boy’s Club”, known for his laid-back attitude and love of video games, Brett captivated the crypto community.
Launched in February 2024 on the Base Layer 2 blockchain, $BRETT recently surpassed a market capitalization of $1.19 billion in just four months. This rapid growth has drawn attention to this unique meme coin.
BRETT is currently listed on several major stock exchanges. These include Bybit, Gate.io, OKX DEX, Bitget, BitMart, XT.com, BingX, CoinEX, MEXC Global, Poloniex and LBank.
Origins and concept
Brett (BRETT) is a meme coin that pays homage to a fictional character with no actual association with his creator, Matt Furie. The coin was designed for entertainment and engagement, differentiating itself from other meme coins with its unique origin story and community-driven approach.
A distinctive feature of BRETT is the waiver of the contract and the absence of a minting function. This setup means that the token supply is fixed and the creator cannot generate additional tokens or alter the contract. As a result, the success and trajectory of the coin depends entirely on its vibrant and dedicated community.
Tokenomics
THE tokenomics of BRETT are crucial to determine its value and sustainability:
Total supply: BRETT has a fixed total supply of 10 billion tokens. This limited supply increases scarcity and could affect future value.
Right throw: BRETT adopts a fair launch model, with no pre-sales, ensuring that everyone has an equal opportunity to acquire tokens at launch.
No transaction fees: Unlike some meme coins that impose taxes on transactions, BRETT currently does not impose any taxes on the purchase or sale of the token. This policy may incentivize trading activity but could also impact long-term value stability.
Distribution breakdown
The distribution of BRETT tokens is as follows:
Liquidity Provider (Blocked): 85%
treasure: 10%
Centralized exchange wallet: 5%
This distribution model aims to ensure liquidity and stability, while supporting future developments and marketing efforts.
Community and market sentiment
There is a mixed community feeling around BRETT. Despite its growth potential, some users are skeptical about its rapid rise and the concentration of offerings among a few holders.
According to reports, insiders held more than 81% of the supply before most buyers could buy.
A user with the username The largest holder of BRETT, which is its distribution address, holds more than 9% of the supply.
According to blockchain Basescan explorerthe top 30 BRETT holders control approximately 39% of the entire token supply, worth approximately $416 million.
BRETT’s all-time high in market capitalization comes as Base’s total value locked also reached a record high $1.77 billion.