The Base staff will not chase million-dollar token pumps, says Pollak.
Responding to group considerations, Base co-founder Jesse Pollak confirmed the staff gained’t manipulate charts behind the scenes or favor sure belongings.
He clarified that the staff is not going to privately coordinate or deploy capital to push an asset’s worth towards a selected consequence, whereas including that such actions would drawback different belongings, be unsustainable, violate the staff’s values round free and open markets, and will possible be unlawful.
Base Refuses to Play Favorites
In his newest tweet, Pollak said that the staff behind the Coinbase-incubated Layer 2 community will as an alternative concentrate on rising distribution and visibility for high-quality belongings and apps. He additionally acknowledged there may be room for enchancment in these efforts and mentioned they intend to herald extra capital and a spotlight to the ecosystem.
“However base – and each market – deserves to be free, open, and truthful, and it’s my job to make sure that stays the case.”
The feedback comply with a dialogue on X questioning why Base was not backing tasks able to reaching vital market caps. One consumer even said that such cases should not restricted to Base and as an alternative exhibit broader market points the place speculative meme coin tendencies dominate.
Base’s Price Lead
Base dominated Ethereum’s Layer 2 price panorama after producing roughly $147,000 in every day income on January 14. It accounted for near 70% of whole Ethereum Layer 2 price income on that day. The determine put Base far forward of rival networks, with Arbitrum bringing in about $39,000 and Starknet round $9,000 over the identical interval.
Nevertheless, this wasn’t the case with most different Ethereum scaling options, akin to Linea, Optimism, Unichain, Ink, zkSync, and Scroll, which struggled to generate significant charges. Many even did not cross the $5,000 mark through the day.
Earlier this month, X product lead Nikita Bier shared a screenshot of X’s Sensible Cashtags characteristic displaying a hypothetical “Base” token priced at $130 with a $373 billion market cap. This sparked recent hypothesis throughout the trade.
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