Base的内容硬币实验适得其反，引发了对内幕交易问题的愤怒

该活动引发了广泛的反弹，引发了有关代币促销中道德规范的辩论，并提出了有关加密货币领域内部交易的疑问。

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

最近的一项活动引发了广泛的反弹，引发了有关代币促销中道德规范的辩论，并提出了有关加密货币领域内部交易的问题。

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.”

它始于4月16日通过链Zora启动令牌。该令牌在基本的官方X帐户中被推广，并留言是“基础适合所有人”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.

贸易商的兴趣将职位视为基本的认可，迅速提高了代币的价值。然而，欣快的兴起是短暂的，因为在20分钟后，代币在价值上暴跌，在此过程中消除了超过1500万美元。

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.

链分析平台Lookonchain确定了三个钱包，这些钱包在Base的公共职位之前购买了大量令牌，后来出售其股份，总利润约为666,000美元。一个特殊的钱包的初始投资为1,577美元，收益为267,000美元。

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

这些交易引发了内部活动的怀疑，批评家抨击了象征性的发射，因为他们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咨询公司AP Collective的首席执行官Abhishek Pawa称赞了X，他说：“前三名持有人几乎立即被抛弃了。这不仅仅是一个实验，而是违反了信任。”

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.”

为了应对批评，基地澄清说，它没有正式推出令牌，也没有计划出售它。一位基本发言人说：“基地没有启动令牌……这不是官方的基础令牌。”

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

据该团队称，令牌是由Zora自动铸造的，Zora将帖子变成代币作为其平台设计的一部分。

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

基地正在通过将文化与佐拉（Zora）延伸，强调代币不是正式的，不会被出售。

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将该计划描述为一种创造性的实验，以测试“内容硬币”的新兴想法，即代表模因，艺术或文化时刻等数字内容。他们说，他们的意图是探索如何将内容置于艺术和文化表达，而不是投机性交易的链子上。

“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.

令牌对Zora的描述说：“有很大的风险损失了所有资金。”他补充说，购买仅用于娱乐目的。

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.

尽管最初的崩溃，但令牌此后已恢复了其大部分损失价值。截至发稿时，其市值约为16-17亿美元，交易量超过3,900万美元。

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

但是，加密货币社区中的许多人仍然不相信基本的解释。批评家认为，该团队的消息传递为时已晚。

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.”

一个X用户 @clark10x说：“您应该在购买链接下或之后立即发布此信息，在大多数情况下，这种愤怒将无效。”

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

考虑到基地与公开交易的Coinbase的关联，另一位用户将这一举动视为不负责任的。

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的联合创始人阿隆·科恩（Alon Cohen）也说：“如果您发起硬币并具有社会影响力，那会带来责任。”

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

基本的创作者杰西·波拉克（Jesse Pollak）和像恩基奇（Nkechi）这样的贡献者对内容硬币的概念进行了加倍，指出这些令牌是关于“氛围，而不是价值”。

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

根据Nkechi的说法，“内容硬币不是建立在猜测之上的。它们建立在含义上。它的表达是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.

尽管代币化文化的想法在Web3中占有一席之地，但执行引发了批评，因为人们对当今交易环境的现实进行了沟通不佳和衰弱。有人称这是一项匆忙的实验，在将猜测与艺术表达相结合，最终燃烧了零售投资者。

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.

随着基地继续推动将内容带入硬币的推动，加密货币社区将紧随发展。该实验可能引发了新的链上资产类别，但它也留下了一个警示性的故事。