Coin in the coin in more than $ 12 million in hot water ‘

US CRYPTO Exchange Siknbase launched a memeco. And rather, his subsidiary produced the “content coin”. Or maybe he just sent the “on-chain” content? The differences are slippery, but something determines the movements of Coinbase, responds to the sector of the cryptist and is put to the public company.

The controversy, social media team for the base on Wednesday, Coinbase’s Blokchain, when placed picture He read, “The base is for everyone”, Zora, the NFT platform with the NFT platform. When the appearance sends to the base, it has created a cryptocurrency over $ 14 million until a market capitalization of $ 14 million for a market capitalization in a slightly short period. Therefore, since more than 12 million dollars on Thursday Dextrreenerener.

The base is for everyone. pic.twitter.com/gq3llluxo1

– Base (@ BASE) April 16, 2025

Crypto Industrial commentators were allegedly allegedly to sell Token’s “pumping and garbage” scheme, or “pump” or “pump” or “dump” price or “dump”. “The base will never sell these signs, and these are not official network verses for base, coin base or other related product,” said Coinbase a statement. So what did the coin base actually launch a memeco? And why are people so angry? Here’s a guide to the argument:

What is the violation?

Founded in 2020, Zora was imagined as a NFT platform where users can convert images into nonunnessic verses. However, as the NFT market driedZora has become cryptovalues ​​based on no benefit or traditionally online jokes.

It was memeCoins godless In crypto, therefore, the Pivot, which occurred in late February, has made sense. “Zora is a social network where each post is a memeco,” Dee Goens, the beginning Cofounder and Coo explained Fortune in a statement.

The company turns on its memecoins BaseCoinbase’s promotion and two blockchain built on top of the ethereum in which it is developed. Thus, a member of the Coinbase executive board, which leads the company’s base distribution, Jesse Pollak, began to test with the platform.

During the past six weeks, Zora made a number of posts, including their own cryptoches, including pictures gratola and a one-looking image of someone baby. “I completely agreed with this change,” he said FortuneViolence from NFT to Memecoins, “Because the creators allow you to make better money and go faster than viral.”

‘What is the content coin?’

On Wednesday, it was not only polak, tried with force and tested its own memeco’s effectively or called a dirty “content coin.” In the term, it applies to cryptos related to online media that can be interpreted as reflecting the cost of popularity.

“It is not only the creators who are the ones who deserve to take advantage of these technologies,” he said. “It’s also brands.”

Frequently traders received the “Content Coin” from the base. “People thought it was a memorial and under the base of the coin or the base, he knew and loves everyone,” Alon Cohen, Memecoin Launchpad Pumpounderi, “Alon Cohen said Fortune.

I think it has a reality of what base is

But this is not necessarily today and resulted

I am a great lawyer for the ability to see “everything tokenizing” but you can’t change current market realities – you start a coin and have …

– Alon (@ a1lon9) April 16, 2025

However, the traders mistake that the memory of the memory would be “the only attention”. The base has created another cryptocurrency that produces another cryptocurrency, which reduced the price of original Token.

After restarting from a memecoin Debace after anotherSome cryptist felt the feeling of Deja Vu in very online societies. “When the second coin starts, people are quoted, careful, and this is what is reflected in the chart,” said Cohen, referring to “carpet boots” or violently in a cryptist.

What’s now?

Token’s price was restored and polak, said that anger is wrong. Coinbase did not leave Token, did not have plans to sell in Memecoin Holdings and practiced with new technology. “It’s just for creativity,” he said.

Cohen, said that the company has become a standard carrier for the memories, Coinbase and Pollak said that Coinbase and Pollak were in harmful. “They just did not understand the market, as well as and what they had to do.”

* Even haters

– jesse.base.eth (@Jessepollak) April 17, 2025

Despite the walk, the police were not canceled. He believes that “content money” will come for online media. He continued to broadcast it on Friday. Most Recent Memecoin “Content Coin” -was related to the screenshot of one of the latter X posts. “The base is for everyone”, read. “Even haters.”

This story was first displayed Fortune.com

Source link