Coinbase CEO Brian Armstrong said he “completely misread the community” in an episode involving an X profile-picture change that was linked to a meme coin tied to his name, according to BlockBeats. Speaking in a recent interview with crypto KOL Ansem, Armstrong called the episode “a good wake-up call” and said he would try to communicate expectations more clearly in the future. The token at the center of the incident was Brain, a meme coin built on the native B20 token standard introduced through Base chain’s Beryl upgrade. Its name was taken from Brian Armstrong. After Armstrong briefly switched his X avatar to one matching the token’s icon, community speculation intensified and trading activity quickly climbed. When he later changed the avatar again, the meme coin was hit by heavy selling and gradually moved toward zero. BlockBeats said Armstrong drew backlash from the community over the episode.
Coinbase CEO Brian Armstrong said he had “completely misread the community” in the incident where a change to his X profile picture was followed by a sharp drop in a related meme coin, according to BlockBeats on July 27.
Speaking in a recent interview with crypto KOL Ansem, Armstrong said, “This is a good wake-up call. I’ll try to make expectations clearer in the future.”
The token involved was Brain, a once-hot meme coin using the native B20 token standard introduced through the Beryl upgrade on Base. The token was named after Brian Armstrong.
Armstrong briefly changed his X avatar to one that matched the token’s icon. That move fueled community speculation and quickly pushed up trading activity around the coin.
After Armstrong changed the avatar again, the meme coin was met with heavy selling and gradually headed toward “zero.” BlockBeats said Armstrong was criticized by the community over the episode.
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