“Base is for everyone,” a coin developed on Zora, has become the talk of the crypto town after surpassing a market capital of $35 million. However, the Base team has come out with a cautionary expression — beware!
Base is for everyone: Is it Really Though?
“Base is for everyone” has gained a lot of traction on X after GMGN market data revealed that the market value of “Base is for everyone” had surpassed $20 million, briefly standing at $20.56 million, representing a 150% increase in the past 6 hours. The 24-hour trading volume had reached $26.3 million.
As of now, it is trading at $0.01497 after a jump of 63.47%. The 24-hour market volume too has reached $39.24 million. But here’s a catch.
The official Base team made a post at 3:12 am today with the message “Base is for everyone,” stating that they had minted ‘content coins’ on Zora. However, the minting of the similarly named memecoin on the Base network occurred before the official Base announcement, and there were three wallet addresses that heavily bought in before the Base post and then dumped their holdings, causing the coin price to plummet by over 95% at one point.
Base is posting on Zora because we believe everyone should bring their content onchain, and use the tools that make it possible.
Memes. Moments. Culture.
If we want the future to be onchain, we have to be willing to experiment in public. That’s what we’re doing.
To be clear,…
— Base (@base) April 16, 2025
Global Community Builder, NKECHI, took to X to explain the confusion around Base’s recent activity on Zora. She added that this wasn’t a memecoin or token launch, but a “content coin,” which is about capturing culture and creative expression onchain, not speculation or financial gain. Unlike memecoins, which chase hype and expectations, content coins aim to spotlight moments, vibes, and artistic value. Nkechi cautioned traders that Base isn’t selling tokens or promising returns, and they’re experimenting publicly, empowering creators to mint and share content freely. She added, “So if you bought in thinking this was your next moonshot, and it didn’t take off — that’s not a rug, that’s a misread. And that’s okay. This space is new, and we’re all still learning. But let’s not confuse misunderstanding with fa!lure.”
Meanwhile, many traders have criticized the seemingly market gimmick by Base.
Another user, @LexaproTrader, criticized the move in an X post by stating, “Holy shit @base @jessepollak you guys are absolutely retarded. You just rugged every single person on CT lmaoooooooo.”
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