Coinbase’s Base Network Allegedly Fueled a $16 Million Pump and Dump

Coinbase’s Layer 2 network, Base, is facing intense scrutiny after what appears to be a major pump and dump—one that it inadvertently helped fuel. The project’s official Twitter account publicly promoted a meme coin titled “Base is for everyone. ” This triggered a speculative surge, driving the token’s market cap to an estimated $15 to $20 million within hours of launch. The token quickly plummeted near zero in mutes source: https://beincrypto.com/base-meme-coin-pump-and-dump-allegations-official-promotion/