Base’s Fren Pet Token Surges 800% in 30 Days

Despite some profit-taking, Base’s Fren Pet token continues to soar, with a 37% increase in the last twenty-four hours.

Over the past thirty days, Base’s Fren Pet (FP) token has increased by more than 800%, as reported by data aggregator CoinGecko.

Recent price fluctuations in FP have affected investors, as evidenced by the purchase of more than $1 million in the last twenty-four hours, according to data from Nansen.

The Tamagotchi game, in which players raise and pit their own creatures against those of other players, is powered by FP.

Notable Figures and Investments in Base’s Fren Pet Token

On X, Nansen emphasizes that Ansem, a notorious member of the cryptocurrency community, purchased FP worth the equivalent of $32,000.

His investment, nonetheless, did not rank among the ten largest FP acquisitions of the previous twenty-four hours.

At its current price of $13.44, the token has a fully diluted market capitalization of more than $136 million. In the preceding twenty-four hours, its trading volume surpassed $10 million, with approximately 95% of that passing through Uniswap.

Despite the recent substantial accumulation movement, Base’s Fren Pet token early investors are also profiting, as addresses holding the token have generated $14,760 in negative netflows.

Specific addresses have been amassing the Base’s Fren Pet token since November 2023, when its price fluctuated between $0.40 and $0.50, according to Nansen on X.

However, recent profit-taking has not impeded FP’s progress, as the token has increased by 37% over the past twenty-four hours.