Latest Crypto News: Kelp DAO Loses $293M as Investors Rush into Based Eggman Presale

Kelp DAO suffered a $293M exploit on April 18 through an lzReceive vulnerability, draining 116,500 rsETH and shaking confidence across the DeFi restaking sector.

The flight-to-safety flows have started showing up across audited projects, with Based Eggman (GGs) crossing $315K raised in Stage 3 as fresh capital rotates in. The best crypto presale on Base is positioned exactly where post-exploit buyers are looking right now.

The Kelp DAO Exploit: What Actually Happened
The April 18 hack hit Kelp's lzReceive function and drained 18% of total rsETH supply through a LayerZero bridge vulnerability. Arbitrum froze $71M, Aave's exposure modeled bad debt between $124M and $230M, and protocols deployed a joint escape hatch to aid lenders.

The broader signal is that bridge risks remain unsolved across DeFi, even at projects with $1B+ TVL pre-hack. That's pushed buyers toward audited, single-chain projects with simpler attack surfaces.

Why Capital Is Rotating Into Based Eggman ($GGs)

Three structural reasons explain the inflow:
Smart contract audited by leading blockchain security firms before Stage 3
No bridge dependencies, with $GGs operating natively on Base
Working utility through gaming and Social-Fi rather than complex DeFi mechanics

The Based Eggman ($GGs) presale has the simplicity profile that post-Kelp buyers are filtering for. The top crypto presale picks gaining flows this week share that pattern.
The Based Eggman ($GGs): Gaming, Streaming, and Token Mechanics

Based Eggman runs four working components:

Play-to-earn arcade tournaments with $GGs powering entries and rewards
Streaming platform tools for content creator tips and subscriptions in the token
Staking active during the presale, letting early holders compound before listing
Audited contract anchoring the safety thesis post-Kelp
That stack matters because it ties token demand to platform activity rather than yield farming through bridge protocols. The structural simplicity is the point.

Inside Stage 3: Numbers, Timing, and the BASED-50 Bonus
Where the campaign sits right now:
Stage 3 price: $0.010838 per $GGs
Raised: $314.8K, about 26% of the stage goal
Tokens sold: 40.31 million
Remaining time: roughly four days before the next price tier
BASED-50 bonus code adds 50% extra tokens, effective entry near $0.0072
A $500 buy delivers 69,199 $GGs after the bonus. A $1,000 buy delivers 138,400 $GGs. The math creates real cost basis improvement before the listing phase begins.

How to Enter the Based Eggman ($GGs) Presale Safely

The buy flow runs through three steps:
Connect MetaMask, Trust Wallet, or WalletConnect to the official presale site
Pay with ETH, USDT, or credit card depending on preference
Apply the BASED-50 code at checkout to lock the 50% bonus
Tokens claim after the presale ends, with staking available during the lock window. The official site is the only safe entry point, and verifying URL details before connecting any wallet matters more than ever after the Kelp exploit.

Final Word

The Kelp DAO hack is the latest reminder that DeFi complexity carries real risk, and capital is responding by filtering for simpler, audited plays. Based Eggman ($GGs) sits in that category as the best crypto presale on Base with working utility, an audited contract, and a closing Stage 3 window.

For readers tracking the top crypto presale conversation post-Kelp, Stage 3 closes in roughly four days. After that, the entry shifts higher and the BASED-50 bonus expires.

More Information on Based Eggman Presale Here:
Website: https://basedeggman.com/
X (Twitter): https://x.com/Based_Eggman
Telegram: https://t.me/basedeggman

About Based Eggman

Based Eggman is a utility-based memecoin inspired by the forward-thinking megamind at Coinbase, Brian Armstrong. Built with gaming and social-fi infrastructure on Base, $GGs is the main asset and liquidity provider of the Based Eggman ecosystem.

The project combines memecoin culture with real utility through play-to-earn gaming, DeFi staking and farming, and a thriving community. Based Eggman brings chaos theory to decentralized finance - turning memes into a full ecosystem

Based Eggman PR Team

This release was published on openPR.