Base’s largest Chinese-language community, which is not officially affiliated with the project, has changed its name to “Base 太狗了中文社区,” according to PANews. The move appeared to reflect frustration over an earlier social media episode involving Coinbase CEO Brian Armstrong, whose avatar change was read by parts of the community as a signal that Base was preparing a major move.
Armstrong had switched his profile picture to a Superman image and hinted that he was about to do something significant. That led some community members to interpret the post as a sign that Base might follow Robinhood’s lead and roll out a notable development in the near term. Against that backdrop, meme token $BRIAN surged to a market capitalization of $37 million, while Base’s total value locked rose by $100 million on the same day.
The momentum faded quickly. PANews said Armstrong changed his avatar back just one day later. $BRIAN’s market capitalization now stands at $1.97 million.
Base’s largest Chinese-language community, an unofficial one, has renamed itself “Base 太狗了中文社区,” in what PANews described as an apparent expression of dissatisfaction after Coinbase CEO Brian Armstrong changed his avatar and was seen as having misled the community.
Avatar change triggered speculation around Base
Earlier, Armstrong changed his profile picture to a Superman image and hinted that he was about to do something big. Members of the community took that as a sign that Base might be preparing a major move and could be looking to follow Robinhood’s example.
That interpretation helped push meme token $BRIAN to a market capitalization of $37 million. On the same day, total value locked on the Base chain also increased by $100 million.
Avatar was changed back a day later
One day later, however, Armstrong switched the avatar back. $BRIAN’s current market capitalization stands at $1.97 million.
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