Coinbase’s Base Triggers Meme Coin Frenzy—$13M Hype Ends in 92% Crash

A viral experiment by Coinbase’s Layer 2 network, Base, turned into a cautionary tale after an unofficial meme coin, minted via Zora, soared to a $13 million valuation—only to collapse by 92% within hours. The incident began when Base’s official X account posted a phrase—“Base is for everyone”—which was automatically tokenized into a tradable asset […]