Mimikoin rug? Al Qaeda faces a violent reaction after a 90 % code crashed

Coinbase Layer-2 (L2), a base, faced a severe violent reaction to the allegations of a carpet after it promoted an informal Mimokin that shattered more than 90 %, which sparked a discussion about the future of mimokins and the content on the chain.

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The rise and fall of the unofficial mimin of al -Qaeda

On Wednesday, the official X account for Base posted a picture with the text “Base for All”. Moments later, they shared a link to the social protocol in the series, Zora and Caption “formulated”, which sparked the madness of speculation among investors.

The protocol allows users to create social media publications in trading symbols, and to exit them automatically. After the Base’s publication turned into a symbol, the encryption community rapidly rose to $ 17 million.

However, online reports showed that Memecoin had almost 92 % collapsed after their senior holders, who owned 47 % of the offer, sold mechanics after a little more than an hour after its launch.

Some members of society indicated that the distinctive symbol “was terrible”, while Lokonchain is a data analysis platform High That “3 governors bought a large amount of” a base for all “before publishing and selling it, to make a profit of approximately $ 666,000.”

As a result, the community criticized the network for memecoin, describing the accident as a carpet withdrawal and the question they “To stop launching unnecessary codes that will inevitably go to 0. You reduce your brand and the value of real basic assets.”

Zora data shows that Base has received about $ 81,000 from Memecoin, which has recovered from the initial sale with the peak of the $ 26 million market value before restoring a range between 9 million dollars and $ 10 million.

The general al -Qaeda experience

a base Respond To the reverse reaction, he made it clear that they would never sell their possessions, but they were not an official symbol of the network. The team made it clear that they were published on Zora because they believe that everyone should bring the content on the chain and use the tools that make it possible.

Memories. Moments. culture. If we want the future to be onchain, we must be ready to experiment in public places. This is what we do. In order to be clear, Base will not sell these symbols, and these are not the formal symbols of the network, Coinbase or any other relevant product. The content that we share is creative, and we will continue to bring culture to Onchain.

The general experimentation of the series opened a discussion about the culture of the Mimin and the content of the series, with the presence of the Creator of the base, Jesse Pollack, who weighs.

In a series of X posts, Pollak explained that “not all coins are identical”, which determine the differences between these two types of symbols.

Is the content on the series the future for creators?

According to PillarsContencoin is one part of individual value content, not expectations. In addition, its double can be created by the same person, as the “adults” may turn into themes.

On the contrary, Memecoin is a “assembly of content”, with assembled value and high expectations, where the Creator must “create” only. He also indicated that adults turn into projects.

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“Someone has to normalize all of our content. I am not afraid to be for us. Why? Because in the wake of chaos, we will normalize behavior and create a better future for creators.”

However, many users remain skeptical, as community members also criticized the position of Base who have announced that investors can get rid of the deleted scene of a documentary “Vitalik: an ethereum”, where the project founder, Vitalik Buterin, appears, what is in his bag.

“By” appreciating everything “, we come to know that most things are worthless”, the user I mentioned.

Distinctive photo of Unsplash.com, Chart from Tradingview.com