According to the GMGN market, the market value of Basecat, a Meme token on the Base chain, once exceeded $20 million this morning, with a current market value of $13.6 million and a 24-hour trading volume of $27.7 million, an increase of over 18 times in 24 hours. The official account of the Base App has been frequently posting cat content recently, and the community has deployed Basecat to ride the "official cat narrative" due to changes in the Base App style. Basecat is not officially released and does not have official endorsement.