🚨 Base’s “meme moment” just exploded — and not in a good way -> Rug pull?
On April 17, the official Base X account dropped a casual post: “Base is for everyone.” Cool, right? Until they followed it up with a link to a token of the same name on Zora… and founder Jesse Pollak retweeted it. 👀
👉 Within an hour, the token 120x’d.
👉 20 minutes later? Crashed 90%.
👉 On-chain data? Shows wallets that bought right before the post and cashed out hundreds of thousands. Yep. Classic rug pull vibes.
People thought it was official - turns out Base said it was just “an experiment in onchain content.” They claim it’s not their token, not affiliated with Coinbase, and they didn’t sell any. 🤷♂️
But the damage? Done. Trust shaken.
Some say this could bring in the regulators. Others are just mad they fomo’d in based on a verified post.
Oh - and the meme coin?
It’s already bouncing back. FDV hit $22M. Because of course it did. 💸
Web3 rule #1: If it looks like a rug, pumps like a rug, and dumps like a rug… don’t trust the post, even if it’s blue-check verified.