Of the final 50 tokens launched by Jesse Pollack on Coinbase’s Base, 40% have seen their market cap fall by no less than 90%, and solely three have seen it improve.
The Coinbase exec has launched lots of, if not 1000’s, of tradable tokens which can be generated alongside posts uploaded on Base. Protos seemed into Pollack’s final 50 launches and found that 20 noticed their market cap fall by over 90%, whereas 41 dropped by no less than 60%.
One token with a $1 million market cap at launch has fallen 96% to simply $31,200. On the opposite finish of the dimensions, a token that launched with a market cap of $9,100 has fallen to $900, a 90% lower.
The three tokens that truly noticed their market caps climb have been BASEDCCM, DOMINOS, and LOCTOBER, which elevated by 119%, 143%, and 18% respectively.
It’s price noting that these are the final 50 tokens from his Base account which can be viewable on Dexscreener. Dexscreener couldn’t load the tackle of each token.
Pollak shilled DOMINO to an offended viewers
Pollack’s “content coin” enterprise obtained lots of hate after he shared the DOMINOS ticker on X.
Customers begged Pollak to not put up tickers, and stated that doing so is destructive for “enterprise value.” Some even recommended that he must be fired from Coinbase whereas others questioned whether or not his account had been hacked.
One consumer stated, “If anyone else would’ve hard shilled this there would’ve been four on-chain detectives looking at their ancestry for an investigation.”
“So the face of Base is tweeting random tickers, and all the charts look like this. As much as I like Coinbase, I really don’t understand why they keep pushing this ‘tokenize everything’ narrative,” one other posted.
One joked that Coinbase ought to give Pollak a elevate in order that he stops rugging his followers.
The value of the DOMINO token in the course of the warmth of its criticism
Round this time, the token was down 85% and had suffered two pump-and-dump value swings. Customers on the time identified that the token had “no motion.”
Nevertheless, the put up’s has since attracted extra merchants, and its market cap rose to $788,000. It’s now at $322,000.
Jesse Pollak says customers neglect that is what Base is for
Pollak’s response to the criticism argued that coining each put up is a kind of “attention market” that makes use of “content coins.”
In a put up he made on Base, Pollak stated, “Every few weeks CT re-remembers that every single post I make is a content coin that is valued in the free, open market.”
He stated, “If you stop thinking about post/content coins as the same as other assets, you will have a more fun time trading them — they are attention assets.”
As for folks “shitposting” in response to the DOMINO put up, he stated they need to “go about your merry way.”
“If you’re not prepared to trade against the incredibly adversarial environment that is the onchain markets dark forest, you probably shouldn’t be trading these and forgo the opportunity to make it,” he stated.
This response alone was criticized for being “the most insane out-of-touch nonsense.”
