The layer 2 network of Coinbase, base, is faced with a meticulous examination after the application of women to be a major pump and unloading which he contributed to fuel inaderative. The official Twitter account of the project has publicly promoted a piece of memes entitled “The base is for everyone”.
This sparked a speculative push, causing tokeen market capitalization at around 15 to 20 million dollars with launching hours. The token quickly dropped near zero in the Maises.
Has the base simply helped to feed a pump and a dumping ground?
The basic tweet, which presented promotional links and management links with the memes piece on Zora, created the perception of legitimacy.
PROD merchants, and price graphics reflected an explosive rally – followed by an equal collapse.
The “base is for everyone”. Source: Base / X
With a 4 -hour trading window, a green candle representing millions of people in the entrance was immediately ridiculer by a red candle of equal size, marking a total liquidity loss and confirming a pump and a manual dumping ground.
The value of Tokeen fell by more than 99%, and the bargaining volumes on Uniswap exceeded $ 13 million during the brief activity window.
There is the continuous indignation of Masive against the coinbase and the base. Cryptographic influencers have described the failure incident of reasonable diligence and communication strategy.
The accusations of incompetence and monitoring of mediocre risks spread quickly on social networks, while the memes mocking the slogan “base is for everyone” of the network are everywhere.
The base has not yet provided an official response to the incident.
