Solana-based memecoin BRETT surges 14% to become top gainer

BRETT, the memecoin which launched three months ago, has surged 14% to become today’s top gainer.

At the time of writing, the token was still up 8%, exchanging hands at $0.1609, according to data from CoinMarketCap (CMC). In the same period, the meme coin, inspired by a character from the “Boy’s Club” comic, had a daily trading volume of $72 million.

Meanwhile, the crypto asset has also claimed the spot as the 56th largest cryptocurrency, with its market cap surpassing the $1.6 trillion mark. Despite this, BRETT is still down 17% from its all-time high of $0.1939.

The recent surge in BRETT’s price follows a June 25 announcement by crypto exchange KuCoin about a Twitter Space fireside chat with the Brett team.

This event has generated significant interest within the community, further amplified by the opportunity to win $1,000 in BRETT through a giveaway, adding a potential catalyst for the token’s increased trading activity and price rise.

Adding to the bullish sentiment, popular trader Andrew Crypto (@MrTastycalls) shared his optimism about the coin’s trajectory. He noted that BRETT is showing signs of bouncing and breaking out on lower time frames, predicting the coin might reach $0.20 in the coming week.

The latest surge in BRETT memecoin also comes at a time when the broader market is beginning to show signs of recovery. According to CMC data, the global market has climbed 1.2% to stand at $2.28 trillion.

Meanwhile, other Solana-based memecoins are also rallying due to the broader rise in the crypto market, with Pepe (PEPE) surging 9%, Dogwifhat (WIF) up 10%, and Bonk (BONK) seeing a more modest gain of 4%.