Base Creator Coin Crashes 67% in Hours – Nick Shirley’s $9M Token Proves “It Just Didn’t Work”

Nick Shirley’s $THENICKSHIRLEY creator token on Base via Zora has spiked to about $9M FDV and slid to near $3M by Jan. 1, 2026. Brian Armstrong has praised the launch, while critics say trading has stayed among existing onchain speculators even as royalties have accrued. Creator-coin doubts persist.