What is BASEDChad (BASED) Crypto Coin? The Truth About This Base Chain Meme Coin

3 February 2025 20 Comments Michael Jones

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BASEDChad (BASED) isn’t a cryptocurrency you buy because it’s useful. It’s not a project with a team, a roadmap, or a product. It’s a meme. A digital joke that got a token address and a Twitter account. If you’re wondering what BASEDChad is, the short answer is: it’s one of hundreds of meme coins on the Base blockchain that popped up, got a few thousand people to buy in, and then mostly vanished - leaving behind a trail of confused holders and zero real utility.

It’s a Meme, Not a Project

BASEDChad launched in early 2024 with no official team, no whitepaper, and no company behind it. The whole thing is built around a cartoonish persona called ‘Based Chad’ - a loud, over-the-top internet character that fits right in with the chaos of meme coins. The website (basedchad.meme) looks like a TikTok meme collage. The Twitter account (@chadsonbase) posts random images, jokes, and occasional price pumps. There’s no developer activity. No updates. No roadmap. Just a token contract on the Base blockchain with the address 0x1793...ed8634.

Unlike Dogecoin or Shiba Inu, which have communities, charities, and even some merchant acceptance, BASEDChad doesn’t do anything. It doesn’t pay dividends. It doesn’t let you vote on decisions. You can’t stake it. You can’t use it to pay for anything. It exists only to be bought and sold - and even that’s hard.

How Much Is It Worth? (Spoiler: Almost Nothing)

At its peak on April 9, 2024, BASEDChad hit $0.002594. That was it. The high. Since then, it’s lost over 99% of its value. As of November 2025, it’s trading around $0.000017 to $0.000021. That’s less than one-hundredth of a cent.

Its market cap? Around $55,000. For comparison, the entire Base blockchain has over $6.5 billion locked in it. BASEDChad is 0.0000025% of that. It’s not even a blip. There are over 1,200 meme coins launched on Base in 2024 alone. 92% of them vanished within three days. BASEDChad is still here - barely - because a few hundred people still hold it, hoping for a miracle.

Where Can You Buy It? (And Why You Should Be Careful)

You won’t find BASEDChad on Coinbase, Binance, or Kraken. Not even on smaller centralized exchanges. The only way to buy it is through decentralized exchanges (DEXs) like BaseSwap or Uniswap. That means you need a wallet like MetaMask, you need to switch it to the Base network (chain ID 8453), and you need to find a liquidity pool with enough tokens to trade.

Here’s the problem: liquidity is almost non-existent. On most days, trading volume is $0. Sometimes it spikes to $4,000 - usually because someone is dumping their pile. Users report failed transactions, slippage errors, and being unable to sell. One Reddit user summed it up: ‘I bought BASED. Now I can’t sell it. No one’s buying.’

Even if you manage to buy it, you’re stuck. There’s no support. No help desk. No customer service. The Twitter account doesn’t reply to DMs. The website has no contact info. If something goes wrong, you’re on your own.

A lonely wallet sitting on an empty digital street surrounded by falling zero coins.

Why Do People Still Buy It?

Because they think they’ll get lucky. That’s it.

BASEDChad is a classic pump-and-dump setup. Someone buys a large amount of the token, promotes it on social media, and drives the price up for a few hours. New buyers jump in, thinking it’s ‘the next big thing.’ Then the original buyer sells everything. The price crashes. The new buyers are left holding a token that’s worth pennies.

There are 6,370 holders listed on CoinMarketCap. But that number is misleading. Many of those wallets are bots or empty addresses created just to inflate the ‘holder count.’ Real, active users? Probably under 1,000. And most of them are either holding on for hope - or trying to get out.

What Do Experts Say?

Every crypto analyst who’s looked at BASEDChad says the same thing: it’s a high-risk, zero-utility gamble.

Bitget’s analysis calls it ‘a pure meme with no functionality.’ DigitalCoinPrice warns of ‘wild swings and environmental concerns’ - though it’s worth noting that Base is a low-energy blockchain, so that claim is mostly noise. CoinDesk surveyed 10 crypto experts in mid-2024. They gave BASEDChad an average risk score of 9.7 out of 10. The consensus? Tokens with a market cap under $100,000 and no utility have a 99.2% chance of failing within 18 months.

Some people point to billionaire Tim Draper’s prediction that BASED will hit $0.00006 by 2026. But there’s zero proof he ever said that. No interview. No tweet. No press release. It’s a rumor repeated by crypto influencers to get clicks.

Confused investors reaching for an empty slot machine labeled BASEDChad as a thief walks away.

Is It a Scam?

Legally? Probably not. It’s not a registered security. There’s no fraud proven. But practically? Yes - it’s a scam in the way a rigged slot machine is a scam. You’re not playing against the house. You’re playing against other people who think they’re smarter than you.

On Bitcointalk, a thread titled ‘BASEDChad - New BASE meme or scam?’ got 12 skeptical replies out of 15. On Reddit, users call it ‘a rug pull waiting to happen.’ The comments on CoinMarketCap are full of people saying, ‘I bought it at $0.0001. Now I can’t sell.’

There’s no evidence the creators stole money. But there’s also no evidence they care about the token anymore. The contract hasn’t been touched since May 2024. No updates. No new features. Just silence.

What’s the Bottom Line?

BASEDChad is not an investment. It’s not a technology. It’s not even a serious meme. It’s a digital ghost town with a token attached.

If you’re looking to get into crypto, there are hundreds of better options - even on the Base chain. DEGEN has a real community. PUMP has trading volume. Even lesser-known tokens have teams and roadmaps.

BASEDChad has nothing. No utility. No team. No future. Just a ticker symbol and a prayer.

Buy it if you want to throw away $5. But don’t buy it thinking you’ll get rich. You won’t. You’ll just be the last person holding the bag when the last buyer walks away.

Should You Invest in BASEDChad?

No. Not unless you’re okay with losing everything you put in.

There’s no reason to believe BASEDChad will recover. No development. No adoption. No demand. Even the most optimistic forecast - $0.00006 by end of 2026 - still leaves it 97% below its peak. That’s not growth. That’s a corpse trying to blink.

If you’ve already bought it, don’t hold on hoping for a rebound. The odds are 99.2% it will go to zero. Sell what you can, when you can. Don’t wait for ‘the next pump.’ There won’t be one.

And if you’re thinking about buying? Walk away. Save your money. Find something real. There’s plenty of crypto out there that actually does something.