Coinbase’s Base Token Launch Faces Scrutiny Amidst Market Volatility

A controversial token launch on Coinbase’s Layer-2 platform, Base, has sparked significant scrutiny and market uncertainty. The rapid price fluctuations of the Base token echo past memecoin trends, raising concerns about transparency and potential manipulative practices. Key figures like Jesse Pollak (Coinbase’s Base head) and Alon Cohen (co-founder of Pump.fun) are involved in this incident. }