Mfercoin (MFER) is a memecoin built on the Base Layer 2 network, developed by Coinbase. It was launched by Sartoshi, the founder of the "mfers" NFT collection, and initially distributed via an airdrop to mfer NFT holders. The coin leverages Base's enhanced scalability and reduced transaction costs while maintaining Ethereum-level security, making it accessible for community transactions and NFT purchases​.

Since its launch, mfercoin has experienced significant market activity, with an all-time high of $0.1288 recorded on April 2, 2024. The circulating supply is capped at 1 billion MFER tokens, and its market cap is approximately $55.86 million. The coin's value is primarily driven by its community, emphasizing humor and camaraderie, and it is used within the mfer NFT ecosystem​.

Mfercoin's governance is decentralized, allowing the community to participate in decision-making through a treasury model. This decentralized approach is intended to ensure long-term viability and prevent single points of failure. Investing in mfercoin offers a chance to be part of a cultural movement within the cryptocurrency space, appealing particularly to those interested in digital art and NFTs​.