Coinbase’s promotional campaign for an unofficial meme coin, launched on its Base blockchain, sparked a wave of investment activity. Despite the token’s lack of official backing and unregulated nature, traders rushed into the market, fueled by Coinbase’s promotion. This resulted in substantial financial losses for many investors who relied on the platform’s endorsement. ⚠️ The volatile performance of the meme coin highlighted its inherent risk, leading to sharp declines in value and eroding investor confidence. Market experts have raised concerns about the lack of transparency from platforms and urge them to prioritize clear regulatory frameworks for such promotions moving forward. Past experiences with similar meme coin launches on major platforms show how sudden price fluctuations can quickly lead to significant gains or losses for investors.