After the layer-2 launch of the US crypto exchange Coinbase, a pump-dump occurred in a short time due to the similarity of the Base Protocol (BASE) project name.
Coinbase’s February 23 Ethereum layer-2 network base after the announcement Base Protocol just because of the similarity of the name 4x rise lived. BASE fell sharply after the incident was noticed.
Base Protocol, which has no connection with the Layer-2 network or Coinbase, returned to its old prices after a serious selling pressure and misunderstanding was noticed after this performance in a short time.
On the other hand, in the statement made by the Coinbase team, any no local token issuance plans was particularly emphasized. But of speculators this created perceptiona sudden on BASE rise enough to trigger its effect.
CoinGecko According to the data of this token, which has not been able to break the 2 dollar band since May 2022. “misperception” due to From $1.85 to $7.46 rose within hours. Gate.io And UniSwapin (UNI) At the time of writing, BASE, which is traded from $2.03 is priced.
