Ahead of Coinbase‘s Base platform, which will officially go live next week, Altcoin hunters are already making bets. A token named after founder Brian Armstrong’s cat is getting special attention.
Altcoin hunters start taking positions ahead of Base
parofix.comAs you can follow from , the release date for Base, which will be Coinbase’s own Layer-2 Blockchain, is set for August 9. Base’s hyperlink functionality is currently available. It will go live as a mainnet on August 9.
Ahead of the upcoming launch, some private altcoins are attracting a lot of attention. One of them is a token called Toshi (TOSHI), named after the cat of Coinbase founder Brian Armstrong. Armstrong revealed his pet’s name on a podcast last year. He said the name was derived from Bitcoin creator Satoshi Nakamoto. Her other cat’s name is Mochi.
Toshi (TOSHI) is already finding new investors
As ridiculous as it may sound, altcoin hunters are already investing big money in Toshi (TOSHI). Trades have traded nearly $10 million worth of TOSHI on SushiSwap, a decentralized exchange on the Base network, in the last 24 hours. TOSHI provided the Trading pair with over $1 million in ETH liquidity.
According to the data, some addresses bought 8 ETH worth $16,000 worth of Tokens at current prices in a single transaction on Friday morning.
This kind of madness is likely driven by investors hoping for a repeat of the DOGE and SHIB rise in recent years. Jeff Mei, COO of BTSE, says this about what happened in a Telegram message:
Built by Coinbase on the OP Stack, Base went live for developers in early July. Thus, developers can test applications and Blockchain-based products before a planned launch later this year. But the preparation process has caused concern with what happened at Bald (BALD) and LeetSwap:
parofix.com
Altcoin hunters start taking positions ahead of Base
parofix.comAs you can follow from , the release date for Base, which will be Coinbase’s own Layer-2 Blockchain, is set for August 9. Base’s hyperlink functionality is currently available. It will go live as a mainnet on August 9.
Ahead of the upcoming launch, some private altcoins are attracting a lot of attention. One of them is a token called Toshi (TOSHI), named after the cat of Coinbase founder Brian Armstrong. Armstrong revealed his pet’s name on a podcast last year. He said the name was derived from Bitcoin creator Satoshi Nakamoto. Her other cat’s name is Mochi.
Toshi (TOSHI) is already finding new investors
As ridiculous as it may sound, altcoin hunters are already investing big money in Toshi (TOSHI). Trades have traded nearly $10 million worth of TOSHI on SushiSwap, a decentralized exchange on the Base network, in the last 24 hours. TOSHI provided the Trading pair with over $1 million in ETH liquidity.
According to the data, some addresses bought 8 ETH worth $16,000 worth of Tokens at current prices in a single transaction on Friday morning.
This kind of madness is likely driven by investors hoping for a repeat of the DOGE and SHIB rise in recent years. Jeff Mei, COO of BTSE, says this about what happened in a Telegram message:
New platform overshadowed by rug pull and hacking incidents
Built by Coinbase on the OP Stack, Base went live for developers in early July. Thus, developers can test applications and Blockchain-based products before a planned launch later this year. But the preparation process has caused concern with what happened at Bald (BALD) and LeetSwap:
- Bald (BALD) experienced a major decline shortly after its launch on the Base network. Allegedly, the project developer withdrew 1,034 ETH worth about $1.9 million from the Market. As a result, the price of BALD fell by 85%. This led to rumors of rug pulls.
- In another incident, on July 31, LeetSwap temporarily halted all transactions due to a possible hacking risk. You can check out the details in this post.
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