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Unrelated BASE Token Jumped 250% After Coinbase Starts Layer 2 Network Base

Base Protocol’s BASE tokens jumped, then dumped, in the past 24 hours following an announcement by crypto exchange Coinbase about the launch of its layer 2 blockchain Base.

Base, which has a tiny $1 million market capitalization as per CoinMarketCap, spiked from $1.9 in European hours on Thursday to over $6.8 after Coinbase’s Base was announced – a gain of as much as 250% for early participants.

Prices gradually corrected amid heavy profit taking, with base dropping overnight to trade just over $2 in Asian morning hours on Friday.

(By Shaurya Malwa)

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Base Protocol Base Protocol $1.22
-2.02%
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