According to jesse.base.eth on Twitter, 'based' is a term gaining traction in crypto communities, often used to describe confidence in one's beliefs or strategies despite external opinions (source: @jessepollak, May 5, 2025). For traders, understanding this term is crucial as it signals strong conviction among investors, which can influence market sentiment and trading volumes on platforms like Base. Monitoring such sentiment-driven language helps traders anticipate volatility and capitalize on trending tokens or meme coins associated with the 'based' movement.