Finance

Are Ethereum Holders Ditching ETH for Based Eggman? How $GGs Offers a New Profit Playbook

Ethereum‘s struggles prompt investors to explore alternatives, with Base blockchain’s Based Eggman ($GGs) gaining attention.

byAndres Castro

October 20, 2025, 10:48 AM

A physical gold Ethereum coin is shown in front of a digital screen with financial data and binary code.

A golden Ethereum coin symbolizes the digital currency's value in the financial market. By MDL.

Executive Summary

Ethereum is experiencing a significant shift in investor sentiment during October 2025 due to its underperformance against Bitcoin and the U.S. dollar, failing to reclaim key price levels.

This perceived stagnation and waning optimism are causing large institutional and retail holders to trim their ETH exposure, prompting a search for alternative, potentially higher-growth assets.

Based Eggman ($GGs), a memecoin built on the Base blockchain, is emerging as a notable beneficiary, attracting profit-seeking ETH holders with its fast transactions, ecosystem benefits, and viral marketing.

The Story So Far

In October 2025, Ethereum is experiencing a significant shift in investor sentiment due to its struggle to reclaim key price levels and underperformance against Bitcoin and the U.S. dollar, compounded by macroeconomic pressures and regulatory uncertainties. This perceived stagnation is prompting investors, including large institutional holders and retail traders, to trim their ETH exposure and actively seek alternative assets with potential for more rapid, exponential gains, leading to the emergence of projects like the Base blockchain-based memecoin, Based Eggman ($GGs), as notable beneficiaries.

Why This Matters

Ethereum’s sustained underperformance and failure to reclaim key price levels in October 2025 are significantly eroding investor confidence, leading to a notable shift in capital away from ETH. This trend is prompting investors to actively seek alternative assets, with newer, potentially higher-risk projects like the Base blockchain-based memecoin, Based Eggman ($GGs), emerging as beneficiaries and highlighting a broader market diversification towards assets promising rapid, exponential gains.

Who Thinks What?

Ethereum investors, including large institutional holders and retail traders, are reportedly experiencing a significant shift in sentiment, trimming their ETH exposure, and re-evaluating traditional price prediction models due to the cryptocurrency’s underperformance against Bitcoin and the U.S. dollar, and its failure to reclaim key price levels.

Profit-seeking ETH holders are reportedly turning their attention to Based Eggman ($GGs), viewing it as an attractive alternative due to its fast and low-fee transactions, ecosystem benefits, viral marketing, and potential for rapid, exponential gains, especially given their frustration with Ethereum’s recent price action.

Ethereum investors are reportedly experiencing a significant shift in sentiment during October 2025, as the cryptocurrency struggles to reclaim key price levels and underperforms against both Bitcoin and the U.S. dollar. This perceived stagnation is driving some holders to explore alternative assets, with the Base blockchain-based memecoin, Based Eggman ($GGs), emerging as a notable beneficiary.

Ethereum’s Performance Challenges

In-depth analysis for October 2025 indicates that Ethereum has consistently traded in a narrow, downward-sloping range, failing to establish support above $4200. This trend has led to growing concerns among investors regarding ETH’s lagging performance. The ETH/BTC pair has reportedly slipped to multi-year lows, suggesting a capital outflow from Ethereum into stablecoins or other crypto assets.

Shifting Investor Sentiment

The press release suggests that optimism surrounding Ethereum has waned, with large institutional holders and retail traders reportedly trimming their ETH exposure. Macroeconomic pressures and regulatory uncertainties are cited as contributing factors to this skepticism. Consequently, many investors are re-evaluating traditional Ethereum price prediction models and actively searching for projects with potential for more rapid, exponential gains.

Based Eggman Emerges as Alternative

Amid this environment, Based Eggman ($GGs) is highlighted as an alternative gaining attention from profit-seeking ETH holders. The project is built on the Base blockchain, emphasizing its fast and low-fee transactions. It also claims to offer ecosystem benefits, including gaming rewards, staking, and social-Fi integrations.

Market Positioning and Appeal

Based Eggman’s viral marketing and active online community are noted as key drivers of its recent visibility. The press release positions $GGs as a blend of meme-fueled excitement and blockchain innovation, appealing to investors frustrated by Ethereum’s recent price action. Its presale has reportedly seen rapid uptake, with some investors aiming to replicate early-stage gains akin to Ethereum’s own historic growth.

New Profit Strategies Emerge

While Ethereum’s long-term prospects may remain robust, the immediate market climate in October 2025 appears to be challenging short-term investor confidence. The ongoing consolidation and ETH’s underperformance against major benchmarks are prompting a diversification trend. Based Eggman ($GGs) is presented as a prime example of a new asset attracting investors seeking fresh opportunities and significant upside in the evolving crypto market.