Complete Gate Post tasks to upgrade your rank

Credit Ranking

[//]:content-type-MARKDOWN-DONOT-DELETE
![](https://gimg2.gateimg.com/image/article/1744968496HOTSPOT.png)
## Introduction

Recently, the MEME coin "Base is for everyone" launched by the Base platform has attracted attention in the <a href="/ja/price" target="_blank" class="blog_inner_link">cryptocurrency market</a>. The token experienced a rapid surge and crash in market value, catching investors and community members off guard. This event not only revealed the market's vulnerability but also highlighted the core need for transparency and fairness within the community. By analyzing this event in depth, we can better understand the dynamic changes in the <a href="/ja/price" target="_blank" class="blog_inner_link">crypto market</a> and the driving forces behind them.

## Market Volatility and Token Issuance

The token "Base is for everyone," released by Base in the early hours, quickly sparked a market frenzy, with its price soaring to 17 million USD. However, with the introduction of the new token "Base @ FarCon 2025," the market quickly collapsed, with the token price plummeting over 95%. This dramatic fluctuation not only exposed the risks of token issuance strategies but also reflected the community's strong demand for transparency and fairness. Many users accused the Base team of conducting a "rug pull," suspecting that the team suddenly sold off after the token price rose, leading to the price collapse. The community's anger and accusations further exacerbated market unease.

The trigger for this crash seems to be related to market manipulation and insider trading. According to analysis, a certain wallet purchased a large number of tokens one minute before the official tweet was released and quickly sold them at a high price, making a substantial profit. This behavior intensified market unease and raised widespread doubts about the transparency of Base's official actions.

## Community Reaction and Emotional Shift

After the token's market value plummeted, the community's mood quickly shifted from excitement to anger, with social media filled with dissatisfaction and criticism towards Base officials. Many users expressed their disappointment and anger online, questioning Base's integrity and motives. Some users even sarcastically changed the slogan "Base is for everyone" to "Open to everyone, including those who Rug&Pull."

However, over time, market sentiment gradually warmed up, and users refocused on the original "Base is for everyone" token, pushing its market value to surpass previous highs. This rebound not only reflected the community's collective action capability but also demonstrated the market's keen grasp of speculative opportunities. Many investors chose to buy back at low prices, seeing it as a bottom-fishing opportunity. This <a href="/ja/price/optimism-op" target="_blank" class="blog_inner_link">optimism</a> drove the token price to rise again, showing the market's resilience to risk and anticipation of future opportunities.

## Future Insights and Risk Management

This incident exposed issues of transparency and fairness in the <a href="/ja/price" target="_blank" class="blog_inner_link">cryptocurrency market</a>. Although Base's experimental marketing strategy aimed to promote on-chain culture, it neglected the core needs of the community in execution, leading to a crisis of trust. Concerns about insider trading and market manipulation in the community need to be addressed and resolved.

Base officials clarified afterward that these tokens were not official network tokens but creative expressions intended to bring culture on-chain. However, this explanation did not completely quell market anger. To restore trust, Base needs to handle such events more cautiously in the future, ensuring information transparency and maintaining community trust.

The rapid changes and high-risk nature of the cryptocurrency market require project teams to fully consider market reactions and community acceptance when launching new products and promoting them. Transparency and fairness are the foundations for building long-term trust, and any disregard for these principles could lead to serious market consequences.

The Base token incident serves as a warning for the cryptocurrency market, emphasizing the importance of transparency and community trust in a rapidly changing market. Although market sentiment has somewhat recovered, project teams should learn from this incident to avoid similar occurrences in the future. The development of the <a href="/ja/price" target="_blank" class="blog_inner_link">crypto market</a> needs more regulation and transparency to ensure investor trust and market health. Only in this way can the prosperity and innovation of on-chain culture be truly realized.

<div class="blog-details-info">
<div>Author:** Orisi.T**, Gate.io Researcher
<div>Translator: Orisi.T
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions. All investments carry inherent risks; prudent decision-making is essential.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

简体中文

English

Tiếng Việt

Español

Русский язык

Français

ภาษาไทย

Indonesia

Deutsch

عربي

Português (Portugal]

Português (Brasil]

繁體中文

Українська

福利中心

web3 Airdrop

launchpool

小红花-Exchange-Startup

交易-盘前交易

launchpad

candy_drop

打新

小红花-Learn & Explore-博客

小红花-Learn & Explore-快讯

币圈-币圈-未来事件

小红花-Learn & Explore-聊天室

小红花-Learn & Explore-直播

小红花-Learn & Explore-动态

币圈

Gate OTC

芝麻金融-更多-财富管理

机构-APIs

机构-大宗交易服务

机构-经纪商项目

全球做市商计划

机构-托管和资产管理

机构借贷

机构-做市商项目

小红花-Promotions-机构和VIP服务

量化基金

机构-基础架构

机构-交易

机构-金融

结构化产品

机构-主页

衍生品-统一账户

芝麻金融-更多-抵押借币

vip服务

机构

策略跟单

现货跟单

交易-合约跟单

跟单

量化策略-探索

量化策略-进阶

量化策略-基础

交易-机器人广场

创建机器人

探索机器人

杠杆网格

无限网格

期现套利

组合指标策略

智能调仓

现货马丁格尔

合约网格

现货网格

交易机器人

芝麻金融-更多-ETH2.0挖矿

芝麻金融-更多-法币理财

链上赚币

芝麻金融-理财-双币宝

芝麻金融-理财-定期理财(屯币)

芝麻金融-理财-结构性理财

芝麻金融-理财-理财宝

芝麻金融-理财-余币宝

GT挖矿

芝麻金融-更多（理财产品）

芝麻金融-理财（打新）

赚币-HODLer Airdrop

赚币

模拟交易

衍生品-期权

衍生品-交割合约

衍生品-永续合约

合约入门

合约活动

衍生品

交易-杠杆ETF

交易-杠杆交易

交易-闪兑

交易-现货交易

交易-创新交易

交易-交易工具

交易-交易类型

交易

行情

买币-gateCard

卖币

买币-快捷交易

买币

买币-paywith

法币定投

小红花-推广

新手指南

活动中心

小红花-Learn & Explore-学院

小红花-Exchange-最新公告

小红花-Exchange-帮助中心

gate商店

小红花-Promotions-邀请计划

小红花-promotions-代理商

cextg小程序

储备金

合作伙伴

小红花

web3

The Base token incident once again serves as a warning for the cryptocurrency market