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The modern use of based, as in how people may refer to themselves online in a political context, originates from African American slang in the 2000s. After it became a meme in 2010, the left started to refer to themselves as Based King or Based Queen online. Today the word is even used by the right, although ironically.
You forgot to put your pronouns. How will anyone know whether to call you based king, based queen, or based monarch?
Based by Cyberocrat January 2, 2023
To be something or someone who hosts the sigma mentality but is not identified as sigma
That’s based he’s based she’s based
Based by Jimbo-Timlog January 5, 2023
Based on what?
Based on what???
Based by undergroundhiphoprobot January 5, 2023
Slang: Agreement with a regressive opinion to try to fit in with a crowd. Could be read as short for 'Based on conformity'. The polar opposite of punk.

May have had a different slang definition originally, but this has what it has become through online usage.
Punk:

Living your life your own way giving no fucks what people think = That's punk.

"Based":
Moron 1: ""Hitler had the right idea""

Moron 2: "That's based, bro."
Based by ShadowBlaze January 9, 2023
The opposite of Andy, who is cringe.
Q: Oh my god, did you see how super cringe Andy was today?
A: You're so based, my man, so based.
Based by wilkiepedia January 20, 2023
Short for based in reality or based in science. Often hijacked and used incorrectly by lefties just like the slang term woke was.
I just found this unbiased YouTube channel called Breaking Points. Totally based.
Based by Archangel999 February 4, 2023