Distinctive code dumps and pumps as a discussion of the spark of “currency content”

Base, Ethereum Layer-2 network prepared by Coinbase, sparked controversy after launching a base for all (base), a symbol linked to the content on the chain instead of the traditional Mimi currency.

The code initially rose to a $ 17 million market ceiling before collapse, only for the reversal of 64 % in the past 24 hours amid a hot debate about its goal and legitimacy.

Prices and trading allegations from the inside

The launch of the distinctive symbol was not smooth. Shortly after its promotion of al -Qaeda through an official mailThe price rose to $ 0.0091 per CoinmarketCap data. Then he decreased to a decrease of $ 0.00308, a little more than an hour, at a base Form A second symbol of a creative protocol.

Interestingly, Lokonchain Claims Three governors bought large quantities of the base for all before the announcement, as it won more than 666,000 dollars after selling in the noise. According to the series’s analysis platform, one portfolio, 0x5D9D, transformed an investment of $ 1,577 to $ 267,000, while another, 0xbd31, $ 231,800.

These transactions have led to accusations of an interior feature, with critics such as Blockchain, pseudonym Alleged“A base for everyone. Especially if you are inside and you can benefit 200 km”.

Despite the initial collapse, data from Coinmarkketca show that the symbol has been recovered since then, until it reached the highest level (ATH) of $ 0.021. At the time of writing this report, the base for everyone was trading 26.5 % less than ATH at $ 0.01538.

However, the price was a 64 % improvement over 24 hours and more than 422 % of its lowest level, prompting the market ceiling to $ 16 million. Trading volumes also rose to $ 39.2 million, indicating that speculative interest is still strong.

Content currencies against coins

In response to the criticism that followed, the head of the Jessi Pollack protocol has doubled in the experiment, and the base is framing for everyone as a “content currency”, which is a distinct category of Meme currencies. Polak argued in length mail On X Metal currencies represent the content of one pieces of culture, whether it is memes, art or moments, instead of speculative assets.

“Metal currencies are not built on speculation. It is based on a meaning. You do not buy in a project, you are a moment. Vibi. A piece of culture. It is the expression of Unshine, not expectation,” the basic shareholder Nkechi wrote.

Pollak said this, saying that the coins of the content should be judged by participating, not the price procedure, and stressed that the base will never sell these symbols for profit.

However, critics remain skeptical. PUMP.fun co -founder Alon Cohen Argue Although the symbolic content may become natural in the future, the Base’s step has clashed with the current market expectations: “If a coin has launched a social effect, this comes with responsibility.”