Two wallets have made an incredible profit of 30,830 times their initial investment on a memecoin built on the Ethereum (ETH) layer-2 scaling solution Base, according to cryptocurrency tracker Lookonchain. The tracker reveals that two wallets, which were whitelisted by the deployer for the meme asset Brett (BRETT), spent 0.034 ETH valued at $102 to purchase a total of 172.56 million BRETT in February. Subsequently, these wallets sold 122.74 million BRETT for 890.65 ETH worth $3.14 million on-chain through multiple wallets, generating staggering gains of 30,830 times. Whitelisted wallets are participants approved for specific crypto events, such as an initial coin offering (ICO), as explained by Coinbase. Shady, a pseudonymous crypto analyst, states that the Brett deployer whitelisted 139 addresses.

Brett presents itself as the “mascot” of the Base chain. As of now, the meme asset is trading at $0.0397 and has experienced a decline of over 14% in the past 24 hours. Lookonchain also points out that an Ethereum wallet that had been inactive for a long time suddenly transferred 2,000 ETH valued at $6.65 million over the weekend. This wallet received the significant amount of ETH from the Ethereum Foundation on September 22nd, 2015, when the price of the second-largest cryptocurrency was just $0.90. Consequently, the value of these holdings grew by approximately 370,000% over a span of nine years. At present, ETH is trading at $3,205 and has seen a decline of over 2% in the past 24 hours.

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