The cryptocurrency market is witnessing a notable trend, with meme coins on the Base chain staging a recovery. BRETT, KEYCAT, BOOMER, and HIGHER have added between 3% and 6% to their value in the past 24 hours, while Solana-based DADDY Tate (DADDY) has wiped out nearly 19% of its value. This development suggests a shift in investor sentiment, with Base chain's meme coins leading the recovery in the sector.

The Base chain, a Layer 2 chain on Coinbase, has seen its meme coins make steady progress, wiping out their double-digit losses from the past seven days. The overall market capitalization of the sector is up nearly 5%, indicating a recovery in the meme coin ecosystem as a whole. Meanwhile, Bitcoin ranges below resistance at $67,000, on Binance.

Solana-based DADDY, which gained relevance due to its association with celebrity Andrew Tate, has faced a significant decline. The asset hit its all-time low of $0.1733 on Sunday, June 16, after being listed on (link unavailable) exchange on June 15. Crypto intelligence tracker Bubblemaps had identified insider trading activity in DADDY, alerting traders to exercise caution.

The recovery in Base chain's meme coins suggests a growing investor confidence in the sector. As the market continues to evolve, it is essential to keep a close eye on developments in the meme coin ecosystem. With the overall market capitalization on the rise, it will be interesting to see how this trend unfolds in the coming days.

In conclusion, the resurgence of meme coins on the Base chain, led by BRETT, KEYCAT, BOOMER, and HIGHER, indicates a shift in investor sentiment. As the market continues to recover, it is crucial to stay informed about developments in the cryptocurrency space.