Base’s Unofficial Token Sparks Market Frenzy, Crashes 92% in Hours

Q: How long will it take to read this news story?

The story "Base’s Unofficial Token Sparks Market Frenzy, Crashes 92% in Hours" has 366 words across 29 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Base’s Unofficial Token Sparks Market Frenzy, Crashes 92% in Hours" was covered 2 days ago by TheNewsCrypto, a news publisher based in United Arab Emirates.

Q: How trustworthy is 'TheNewsCrypto' news outlet?

TheNewsCrypto is news outlet established in 2020 that covers mostly crypto news. The outlet is headquartered in United Arab Emirates and publishes an average of 7 news stories per day. It's most recent story was published 19 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #27962043</li><li>URL: https://chronographically.beamstart.com/news/bases-unofficial-token-sparks-market-1744882163224</li></ul>

TheNewsCrypto 2d ago

Base’s Unofficial Token Sparks Market Frenzy, Crashes 92% in Hours - TheNewsCrypto

Quick Summary:

Coinbase’s Layer 2 network Base inadvertentlyunintentionally sparked a cryptocurrency trading frenzy yesterday. Its social media post automatically converted into a tradable token through Zora’s on-chain social protocol. The “Base is for Everyone” token, launched from Base’s official X account, made headlines by skyrocketing to a remarkable $13 million in valuation.

Yuan documented that the top three holders controlled 47% of the supply, with one wallet alone holding 25.6% of the tokens.

Zora offered a brief reply and said, “Study Zora.