Event:
A fairly large network - Base has posted up a memcoin in its Twitter account, which was raged (deliberately dampened) a few hours later. During its one-day existence, the Base is for everyone token was suppressed fairly heavily, and then it even gained value above its pre-rag price. Its + in 24 hours is now 286,000%, which is appalling to the crypto community.
Analysis of the situation:
One of the large networks, Base, tweeted on the X social platform, where it promoted a newly minted token. After their tweet, the memecoin amassed huge capitalization in hours and subsequently plunged in one big red candle. The following morning after the dump, the token gradually began increasing and shortly surpassed its value and dump.
Our assumptions:
Having studied the situation, our analysts believe that the Base network team could have made a mistake by choosing one specific token that proved to be a scam afterwards. Then, in an effort to maintain their reputation, they may have started artificially pumping the memecoin in order to avoid receiving such strong hate on the comments to their posts on X.
Notes:
Before posting the entry in X, three wallets bought the initial release of Base is for all and then resold it for a profit of $ 666,000.
The potential for the token in the future remains uncertain, but we continue analyzing the context behind it.
This article is not investment advice!
