Coinbase CEO Says Misjudgment Over X Profile Change Led to Meme Coin Crash

On July 27, Coinbase CEO Brian Armstrong stated in an interview with crypto KOL Ansem that the drop in related meme coins due to the change of the X profile picture was a misjudgment of community reaction. He described it as a wake-up call and mentioned that he would strive to express expectations more clearly in the future. Previously, the meme coin Brain gained market attention due to the launch of its native B20 token standard, which was introduced with the Base chain Beryl upgrade, and the token's name was derived from Brian Armstrong. After briefly changing his X profile picture to match the token's icon, community associations drove up trading activity. Subsequently, when Brian Armstrong changed his X profile picture again, Brain faced significant sell-offs and gradually approached zero, sparking controversy within the community.

Disclaimer: This content is provided for general branding and informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online events, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets or to use any services. Crypto assets are highly volatile and may result in loss. WEEX services and online events may not be available in all regions and are subject to applicable laws, regulations, and eligibility requirements. You are responsible for ensuring that your use of WEEX services complies with local laws and for carefully assessing the risks before participating in any crypto-related activities.