Memecoin mania hits Base: Obscure tokens skyrocket amid rug pulls and FOMO

Memecoin insanity has arrived on Coinbase’s layer-2 scaling answer Base, bringing with it all the things from outstanding shitcoin surges to traditional token rug pulls.

On July 30, memecoin merchants had been snapping up a collection of questionable tokens on Base, with one Brian Armstrong-themed memecoin dubbed “BALD” experiencing a 289,000% achieve inside the first 14 hours of buying and selling.

Rug pulls and memecoin playing

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