On April 17, 2025, the Base tokens caused a stir after a rapid increase followed by a significant price plunge. This event raises questions about ethical norms in the crypto community.
Base Tokens: A Brief Overview
The tokens called *Base is for everyone Token* were created through an automatic generation on the Zora platform. Initially, their value surged to $13 million, but soon dropped by over 92% after Base clarified that this was not an official token but an experiment.
Insider Trading Suspicions
Investor activity on the blockchain raised suspicions of insider trading. Three wallets purchased tokens shortly before the post and made over $666,000 by selling them at peak prices. This led to criticism of Base's unclear communication and accusations of manipulation.
Debate on Content and Cryptocurrency
Token creator Jesse Pollak stated that the project aims to create *content coins* intended to tokenize creativity. However, critics argue that such experiments violate informal norms of crypto culture, including the need for clear warnings to prevent panic among retail traders.
The situation with Base tokens raised important questions about ethics, volatility, and the role of content in the cryptocurrency landscape. The future of *content coins* remains uncertain.
