Brian Armstrong's Meme Coin PFP Change Draws Base Backlash Around July 16-18, the Coinbase CEO's avatar tweak pumped the $BRIAN token's market cap to $37 million with over $100 million in volume on Base, his company's layer-2 network, before it plunged. Critics from Base's active trader community accused him of detachment amid outages and delayed listings, prompting Armstrong's July 20 post clarifying his account offers no investment advice and Base supports infrastructure like grants, not coin shills. While some defend Coinbase's regulatory efforts, the episode highlights tensions between meme coin enthusiasts and leadership focused on trading, payments, and broader finance.
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are NFTs lowkey making a comeback
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Jesse Pollak Hands Base App Leadership to Cobie to Focus on Base Blockchain Development Jesse Pollak, founder of Base, announced he is stepping back from leading the Base app to concentrate fully on developing the Base blockchain as infrastructure for global finance. He handed leadership of the Base app to Cobie.
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