At the time of reporting, the token remained 8% higher, trading at $0.1609, based on CoinMarketCap (CMC) data. Over the same period, the meme coin, inspired by a character from the “Boy’s Club” comic, achieved a daily trading volume of $72 million.
Meanwhile, the crypto asset has ascended to become the 56th largest cryptocurrency, boasting a market cap surpassing the $1.6 trillion mark. However, BRETT remains down 17% from its peak of $0.1939.
The recent price surge in BRETT follows KuCoin’s announcement on June 25 of a Twitter Space fireside chat featuring the Brett team.
This event sparked considerable community interest, bolstered by a giveaway offering participants a chance to win $1,000 in BRETT. These factors likely contributed to increased trading activity and the token’s price uptick.
In a further bullish sentiment, prominent trader Andrew Crypto (@MrTastycalls) expressed optimism about BRETT’s trajectory. He highlighted that BRETT is indicating signs of a rebound and breakout on shorter time frames, forecasting that the coin could potentially reach $0.20 within the upcoming week.
The recent surge in BRETT, a memecoin, coincides with a broader market recovery. Global market data from CMC indicates a 1.2% increase, bringing the total market valuation to $2.28 trillion.
In parallel, other memecoins based on Solana are also experiencing rallies amid the overall crypto market uptrend. PEPE has surged by 9%, WIF by 10%, and BONK has seen a more modest gain of 4%.
