ChainCatcher news, according to GMGN market data, the new coin BSD on the Base chain was launched at 4 AM this morning. Subsequently, the market expected that this token was a cold start token, causing its market capitalization to rise significantly, peaking above 50 million dollars.

Later, BSD developers removed a large amount of liquidity half an hour ago, resulting in a sharp drop in the coin price. As of the time of writing, BSD's market capitalization has fallen to 260,000 dollars.