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The Basis community is quite large because Wojak memes have been popular on the internet for a long time.
This token mainly survives on:
community hype,
exchange listings,
trading volume,
and meme cycle momentum.
It doesn't have a strong utility that users really need to use daily.
On-Chain Data & Tokenomics
Some important data:
Very large supply (tens of billions to trillions depending on the version/token migration).
Holders are quite numerous, but distribution tends to be whale-heavy.
There are reports of whale dominance >90% on some active supply, which means:
price can be pumped quickly,
but dumps can also be brutal.
Liquidity is considered thin compared to valuation, so slippage is high when large volume enters/exits. $WOJAK #GateSquareMayTradingShare