Coinbase Denies Ties to Memecoin That Crashed After $15M Dump

Coinbase Denies Ties to Memecoin That Crashed After $15M Dump

Exchange of cryptocurrency Coinbase is separating its Base blockchain network from a contentious memecoin that was widely criticized by the cryptocurrency industry for a spectacular crash that happened soon after it launched. Base promoted its marketing phrase, "Base is for everyone," on X on April 16. The post included a link to a similar token made on Zora, a social media site that tokenizes messages for speculation. According to statistics...

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