Pump.Fun’s co-founder slammed Base’s auto-minted token, calling it premature and harmful.
Base’s unofficial token spiked to $17M, then crashed, raising concerns over transparency.
Alon Cohen urged crypto builders to act responsibly and align with community values.
Alon Cohen, co-founder of Solana-based meme coin launchpad Pump.Fun, has voiced strong criticism over Coinbase’s Layer 2 network Base and its recent auto-minted token experiment. He made it clear that his platform has “no plans to follow suit.”
The issue arose when a post from Base’s official X account “Base is for everyone” was automatically turned into a token on the onchain social platform Zora.
Base is for everyone. pic.twitter.com/gq3lLLuXO1
— Base (@base) April 16, 2025
Within minutes, the token reached a $17 million market cap, only to crash over 90%, sparking outrage. On-chain analysis revealed that the top three wallets held nearly half of the token’s supply, raising concer
We współpracy z: https://thenewscrypto.com/pump-fun-co-founder-criticizes-bases-token-launch/
