Hello friends with the appearance of the Coinbase blockchain and the Bald token has generated interest in the crypto community and this event is compared to the successful launch of Binance Smart Chain in the past. Coinbase is one of the largest exchanges in the world, raising expectations for its blockchain.
With the opening of this new system, it is observed that several tokens on the Coinbase blockchain have experienced significant price increases. Some tokens have gone up as much as 400,000% in value. These data suggest investment opportunities, but also warn about the associated risks.
The Bald token arose without a clear project or utility associated with it, so there was no official information about who was behind the token and no verified Twitter account. Despite this, the token price rose rapidly within a few hours and large amounts of liquidity were deposited.
Scale of the scam and lack of infrastructure |
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The Bald token market cap once reached $100 million, which is surprising considering the lack of an established DeFi ecosystem on the Coinbase blockchain.
There is no official bridge to send funds from other blockchains to Coinbase, making transactions even more difficult. Different theories were speculated about the origin and purpose of the Bald token, including possible links to the Coinbase team.
It is questioned whether this action is a marketing strategy generating hype around the Bald token. Despite speculation that the token belongs to Coinbase, there is no official confirmation.
The wallet began dumping all tokens, causing a 97% drop and a marketcap reduced to 2.6 million. The question arises as to who orchestrated this scam and how it will affect Coinbase's image.
Silence from Coinbase |
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Despite being a centralized platform, Coinbase has not issued any statement regarding the incident. It is mentioned that they could have paralyzed the network and blocked the funds if they detected a scam, but so far they have not taken any action.
In conclusion |
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Many people have lost their money due to this incident. The lack of response from Coinbase has damaged its reputation. There is a call for caution when investing in projects that seem too good to be true.
| Monitoring of the contract and its movements |
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https://basescan.org/token/0x27D2DECb4bFC9C76F0309b8E88dec3a601Fe25a8
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Where is your twitter link?
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Link Twitter
https://twitter.com/joel_jai1/status/1687629404770365441
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This is the most discussed topic at the end of this time in the crypto world.
Be careful because there is no guarantee in this crypto except our own risk management.
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