Coinbase-backed Base Draws Fire For Role In 'pump-and-dump' Style 'Content Coin' Token Launch

Base Token Price Falls After Release Coinbase Disclaims Endorsement

Coinbase’s second-layer Ethereum blockchain, Base, has been linked to a recently launched token, despite previously advertising itself as not issuing a proprietary token. The “BASEISFOREVERYONE” memecoin appeared and, following a brief two-hour price increase after its announcement, quickly decreased in value, losing 88% within two minutes. Market volatility around the token intensified at 4:30 pm, resulting in a further price decrease, possibly…

Coinbase’s Base Sparks MemeCoin Controversy

In the volatile world of cryptocurrency, drama unfolded this week as Coinbase’s Layer-2 network, Base, found itself at the center of a storm over an unofficial memecoin. The incident has sparked a heated debate about the future of memecoins and on-chain content, raising questions about the responsible promotion of digital assets and the potential pitfalls of speculative frenzies. Source

On-Chain Experiment Or Rug Pull? Base Faces Backlash After Unofficial Memecoin Crashes 90%

Coinbase’s Layer-2 (L2) Network, Base, has faced intense backlash over rug-pull allegations after it promoted an unofficial memecoin that crashed by over 90%, sparking a debate about the future of memecoins and on-chain content. The Rise And Fall Of Base’s Unofficial Memecoin On Wednesday, Base’s official X account posted an image with the text “Base... The post On-Chain Experiment Or Rug Pull? Base Faces Backlash After Unofficial Memecoin Crash…

Base Faces Criticism After Meme Token Plunges 95%

Base, a Layer-2 Ethereum scaling tool for Coinbase, is under fire following a recently introduced meme coin on its network falling by over 95% in value just hours after release. Introduced via the Zora protocol, the token was highly sought by degens and meme coin aficionados. However, the quick crash has spurred a barrage of criticism of Base’s policies and the possible damage to the larger Coinbase ecosystem’s reputation. Meme Token Hype and Co…

Stay Away From Coinbase

Marty's Bentvia Jesse PollakYesterday Coinbase's Base team launched a couple memecoins they're referring to as a "contentcoins" in an attempt to manufacture hype around their Ethereum layer 2 protocol. The coins quickly pumped, subsequently dumped, recovered a bit over night and then dumped again throughout the day today. While this was a relatively small pump-n-dump that peaked at a $15m market cap, it's a pump-n-dump nonetheless and it was orc…

Base ‘content coin’ crashes, then pumps 350%

This is a segment from The Drop newsletter. To read full editions, subscribe. Coinbase’s Base team launched two tokens Wednesday afternoon — and a lot of people were not impressed. One of the tokens is dubbed “Base is for everyone.” The second is called “Base @ FarCon 2025.”  The first token quickly spiked 962% in price — from $0.0016 to $0.017. Then, it abruptly crashed, spurring a flurry of allegations that the token was a “scam” or rugpull. R…