Although recent product innovations by BASED have brought incremental growth and new token-locking demand to the ecosystem, the lack of sustained external capital inflow in the short term has resulted in a narrow price fluctuation in the 0.05-0.06 range, underperforming earlier expectations. High entry barriers and regulatory uncertainty in the Asia-Pacific market suggest persistent challenges for user growth in the mid-to-long term. Strategically, it is recommended to pay attention to subsequent quantitative implementation data and changes in the policy environment. At present, positions should be kept under control, with patience to wait for clearer fundamental improvement signals.

On April 4, BASED launched Launchpool and its inaugural project Pull Fun. Token holders can participate in staking to earn points and enjoy revenue sharing from card draws. Backed by physical card inventory, Pull Fun utilizes a pay-per-draw card mechanism to achieve real transactional volume, while deep integration with BASED Cloud and the HIP-3 contract layer injects fresh demand for token locking and consumption into the ecosystem. However, from the daily chart, BASED's price failed to maintain its initial upward momentum after the project launch, continuously falling back to the 0.055 range. This indicates a cautious market attitude towards this positive development in the short term, and more quantitative data is needed to further verify the level of user participation and yield returns.

Based has launched Based Launchpool and its first project, Pull Fun, a Trading Card Game card drawing platform with a real physical card inventory. The platform generates real revenue from each card draw and operates in a growing market. Pull Fun is integrated into Based, running on Based Cloud and managing its own perpetual contract market via HIP-3.

Based launches Based Launchpool and its first project, Pull Fun

Based, a cryptocurrency trading and consumption platform in the Hyperliquid ecosystem, announced the launch of Launchpool and its first project, Pull Fun. Based token holders can stake tokens to earn points and participate in Launchpool activities. Pull Fun is a collectible card game gacha platform with a real physical card inventory.

Based launches Launchpool and its first project Pull Fun

Recent research reveals that regulatory uncertainty, security risks, tax burdens, usage complexity, and social awareness are the main obstacles for retail users entering the crypto market in the Asia-Pacific region. BASED must balance compliance requirements within different jurisdictions and attract new users in the next bull run through localized education, transparent operations, and the establishment of trust mechanisms. Although there have been new product launches and innovations at the product level, long-term value growth still depends on effectively addressing regional policy environments and user experience pain points.

Tiger Research's report analyzes the decline of retail cryptocurrency investors despite rapid market growth, focusing on nine major Asian markets. It identifies five core barriers—regulatory uncertainty, security risks, tax burdens, usability challenges, and social perception—that hinder new user adoption. The report details diverse regulatory and market conditions across Northeast and Southeast Asia, examines exchange strategies for user acquisition, and highlights the need for localized education, transparency, and trust-building before the next crypto bull market.

Tiger Research: Analysis of the Current Status of Retail Investors in Nine Major Asian Markets

This research analyzes the entry barriers for retail investors in nine major Asian markets and examines the responses of exchanges to these challenges.

The clearing of long positions in major crypto asset derivatives markets continues, with the 30-day net position index turning from positive to negative, reflecting increased willingness of short positions, and liquidation volatility rising to 18.6%. Simultaneously, Bitcoin futures' open interest has dropped sharply, leverage ratios have fallen to low levels, and the market's sensitivity to small capital inflows has increased. Against this backdrop, BASED's recent trading volume has declined day by day, and its price has fluctuated narrowly between 0.05 and 0.06, indicating that short-term sentiment is under pressure and there is insufficient external momentum to break out of the range-bound pattern.

CryptoQuant analyst Axel Adler Jr reports that Bitcoin's derivatives market is dominated by short positions, with the 30-day moving average of the Bitcoin position index falling from +3.0 to -3.1 since mid-March, reflecting growing short accumulation and a weakening market structure. Liquidation oscillation has risen to 18.6%, indicating ongoing forced liquidations of long positions. The market shows no signs of a bullish reversal, suggesting continued downside risk and advising risk avoidance.

Analyst: Bitcoin derivatives market dominated by shorts, bulls continue to face liquidation pressure.

Basedmilio

WSJ: Trump is considering resuming limited military strikes against Iran.

The probability of the Federal Reserve maintaining interest rates unchanged in April reaches 98.4%.

Risk Assets Under Pressure; US Orders Naval Blockade of Hormuz

The prospect that the Iran war will reintensify after the failure of peace talks threatens to spark fresh volatility across global markets, after a week that saw a fragile ceasefire drive stocks up and oil down by the most this year.

An increasingly fragile ceasefire between the US and Iran is returning the bond market’s focus to inflation and reinforcing expectations that interest rates will stay higher for longer.

Following the Failure of U.S.-Iran Peace Talks, Trump Announced That They Would Close the Strait of Hormuz: He Issued a Very Firm Statement

Oil futures up 7% on Hyperliquid as Trump orders Naval blockade of Hormuz

Bitcoin fell below $71K after Trump announced the blockade of the Strait of Hormuz.

The US Navy will “shortly” begin a blockade of ships entering and leaving the Strait of Hormuz, President Donald Trump said in a Truth Social post.

The US and Iran’s failure to strike a peace deal over the weekend is set to weigh on market sentiment and lift demand for safe haven assets on Monday.

Bybit

Live chart for Basedmilio to USD conversion. Check out BASED to USD prices in real time. Convert, buy, sell, and trade Basedmilio on Bybit.

Basedmilio Price: BASED Live Price Today | BASED Market Cap & Chart Analysis | Bybit

current_price

price_change_24h

high_24h

low_24h

volume_24h

market_cap

circulating_supply

max_supply

ath_price

atl_price

BASED price today is 0.00, with a live price change of 0.00 in the last 24 hours. Convert, buy, sell and trade BASED on Bybit.

Track Basedmilio live price, market cap, 24-hour trading range, and real-time chart data on Bybit.

Basedmilio Price

Price Statistics

Basedmilio price analysis by TradeGPT

Basedmilio News

What Can You Do With Basedmilio?

Price History (USD)

Basedmilio Resources