Two wallets linked to a meme coin built on Ethereum’s layer-2 scaling solution Base have experienced massive gains, according to Lookonchain, a crypto tracker. The wallets, which were whitelisted by the deployer for the meme asset Brett, spent 0.034 ETH valued at $102 to purchase a total of 172.56 million BRETT in February. Subsequently, they sold 122.74 million BRETT for 890.65 ETH worth $3.14 million on-chain through multiple wallets, resulting in staggering gains of 30,830x. Whitelisted wallets are approved participants for specific crypto events such as initial coin offerings (ICOs), as defined by Coinbase. Shady, a pseudonymous crypto analyst, states that the Brett deployer whitelisted 139 addresses.

Brett is known as the “mascot” of the Base chain and is currently trading at $0.0397, reflecting a decrease of over 14% in the past 24 hours. Lookonchain also highlights the sudden transfer of 2,000 ETH worth $6.65 million from a long-dormant Ethereum wallet over the weekend. The wallet received the ETH from the Ethereum Foundation on September 22nd, 2015, when the price of the second-largest cryptocurrency was only $0.90. This implies a growth in value of approximately 370,000% over nine years. Currently, ETH is trading at $3,205, showing a decrease of more than 2% in the past 24 hours.