$BASED NEXT HIDDEN GEM ON WATCH
We first detected $BASED fresh wallet accumulation on June 12.
At that time, 7 fresh wallets were accumulating in sync, holding around 10.17M $BASED, worth about $741K.
Since then, $BASED has moved well.
Price has now broken the short-term downtrend and is starting to shift into a stronger structure.
The key point: all tracked fresh wallets from the previous accumulation signal are still holding.
With $HYPE continuously pushing near ATH, attention may start rotating into apps built on Hyperliquid’s infrastructure.
$BASED could be one of the names to benefit from that flow.
Another interesting point: cumulative revenue is already close to its current market cap.
That means $BASED still looks relatively undervalued compared to the real value it has generated.
If this revenue trend continues, the upside from here could still be attractive.
Still worth watching closely.
