Base的內容硬幣實驗適得其反，引發了對內幕交易問題的憤怒

該活動引發了廣泛的反彈，引發了有關代幣促銷中道德規範的辯論，並提出了有關加密貨幣領域內部交易的疑問。

A recent event has triggered widespread backlash, sparked debates about ethics in token promotion, and raised questions about insider trading in the crypto space.

最近的一項活動引發了廣泛的反彈，引發了有關代幣促銷中道德規範的辯論，並提出了有關加密貨幣領域內部交易的問題。

It began on April 16 with the launch of a token via the on-chain platform Zora. The token was promoted on Base’s official X account alongside a message that read, “Base is for everyone.”

它始於4月16日通過鏈Zora啟動令牌。該令牌在基本的官方X帳戶中被推廣，並留言是“基礎適合所有人”的信息。

Interest from traders, who viewed the post as an endorsement by Base, quickly drove up the token’s value. However, the euphoria was short-lived, as the token plummeted in value just 20 minutes later, in the process wiping out over $15 million.

貿易商的興趣將職位視為基本的認可，迅速提高了代幣的價值。然而，欣快的興起是短暫的，因為在20分鐘後，代幣在價值上暴跌，在此過程中消除了超過1500萬美元。

On-chain analytics platform Lookonchain identified three wallets that bought large amounts of the token before Base’s public post, later selling their holdings for a combined profit of approximately $666,000. One particular wallet saw an initial investment of $1,577 reap a return of $267,000.

鏈分析平台Lookonchain確定了三個錢包，這些錢包在Base的公共職位之前購買了大量令牌，後來出售其股份，總利潤約為666,000美元。一個特殊的錢包的初始投資為1,577美元，收益為267,000美元。

These transactions sparked suspicions of insider activity and critics slammed the token launch for lacking transparency and fairness.

這些交易引發了內部活動的懷疑，批評家抨擊了象徵性的發射，因為他們缺乏透明度和公平性。

Abhishek Pawa, CEO of Web3 advisory firm AP Collective, weighed in on X, saying, “The top three holders dumped almost immediately. This wasn’t just an experiment gone wrong—it was a breach of trust.”

Web3諮詢公司AP Collective的首席執行官Abhishek Pawa稱讚了X，他說：“前三名持有人幾乎立即被拋棄了。這不僅僅是一個實驗，而是違反了信任。”

In response to the criticism, Base clarified that it did not officially launch the token, nor does it plan to sell it. A Base spokesperson said, “Base did not launch a token… this is not an official Base token.”

為了應對批評，基地澄清說，它沒有正式推出令牌，也沒有計劃出售它。一位基本發言人說：“基地沒有啟動令牌……這不是官方的基礎令牌。”

According to the team, the token was automatically minted by Zora, which turns posts into tokens as part of its platform design.

據該團隊稱，令牌是由Zora自動鑄造的，Zora將帖子變成代幣作為其平台設計的一部分。

Base is experimenting publicly by bringing culture onchain with Zora, highlighting that the tokens aren’t official and will never be sold.

基地正在通過將文化與佐拉（Zora）延伸，強調代幣不是正式的，不會被出售。

Base described the initiative as a creative experiment to test the emerging idea of “content coins”—tokens that represent digital content like memes, art, or cultural moments. Their intention, they said, was to explore how content can be brought on-chain for artistic and cultural expression, not speculative trading.

Base將該計劃描述為一種創造性的實驗，以測試“內容硬幣”的新興想法，即代表模因，藝術或文化時刻等數字內容。他們說，他們的意圖是探索如何將內容置於藝術和文化表達，而不是投機性交易的鍊子上。

“There is a significant risk of losing all funds spent on them,” the token’s description on Zora warned, adding that purchases should be made only for entertainment purposes.

令牌對Zora的描述說：“有很大的風險損失了所有資金。”他補充說，購買僅用於娛樂目的。

Despite the initial collapse, the token has since recovered much of its lost value. As of press time, its market cap sits around $16–17 million, with trading volumes exceeding $39 million.

儘管最初的崩潰，但令牌此後已恢復了其大部分損失價值。截至發稿時，其市值約為16-17億美元，交易量超過3,900萬美元。

However, many in the crypto community remain unconvinced by Base’s explanations. Critics argue that the team’s messaging came too late.

但是，加密貨幣社區中的許多人仍然不相信基本的解釋。批評家認為，該團隊的消息傳遞為時已晚。

One X user, @Clark10x, said, “You should have posted this before or immediately after under the buy link and this anger would be, for the most part, voided.”

一個X用戶 @clark10x說：“您應該在購買鏈接下或之後立即發布此信息，在大多數情況下，這種憤怒將無效。”

Another user viewed the move as irresponsible, given Base’s visibility and association with publicly traded Coinbase.

考慮到基地與公開交易的Coinbase的關聯，另一位用戶將這一舉動視為不負責任的。

Alon Cohen, co-founder of Pump.fun, also chipped in, saying, “If you launch a coin AND have social influence, that comes with responsibility.”

pump.fun的聯合創始人阿隆·科恩（Alon Cohen）也說：“如果您發起硬幣並具有社會影響力，那會帶來責任。”

Base creator Jesse Pollak and contributors like Nkechi doubled down on the concept of content coins, stating these tokens are about “vibes, not value.”

基本的創作者傑西·波拉克（Jesse Pollak）和像恩基奇（Nkechi）這樣的貢獻者對內容硬幣的概念進行了加倍，指出這些令牌是關於“氛圍，而不是價值”。

According to Nkechi, “Content coins are not built on speculation. They’re built on meaning. It’s expression onchain, not expectation.”

根據Nkechi的說法，“內容硬幣不是建立在猜測之上的。它們建立在含義上。它的表達是Onchain，而不是期望。”

While the idea of tokenizing culture has its place in Web3, the execution has sparked criticism for being poorly communicated and tone-deaf to the realities of today’s trading environment. Some called it a rushed experiment that went too far in merging speculation with artistic expression, ultimately burning retail investors.

儘管代幣化文化的想法在Web3中佔有一席之地，但執行引發了批評，因為人們對當今交易環境的現實進行了溝通不佳和衰弱。有人稱這是一項匆忙的實驗，在將猜測與藝術表達相結合，最終燃燒了零售投資者。

As Base continues its push to bring content into coins, the crypto community will be closely following developments. This experiment may have sparked a new category of on-chain assets, but it has also left a cautionary tale in its wake.

隨著基地繼續推動將內容帶入硬幣的推動，加密貨幣社區將緊隨發展。該實驗可能引發了新的鏈上資產類別，但它也留下了一個警示性的故事。