Base Protocol price jumps 250% amid mistaken Coinbase link

[unsubscribe]( Base Protocol outshone other cryptocurrencies on Thursday with a staggering 250% price gain as the protocol’s native token benefitted from the latest news from crypto exchange Coinbase. Unrelated Coinbase news triggers 250% rally for BASE The massive price jump for BASE happened right after Coinbase’s announcement, but the exchange’s launch of layer-2 blockchain Base actually had nothing to do with the Base Protocol. Coinbase indeed noted that it didn’t plan to launch any token. More importantly, its Ethereum L2 blockchain platform has no affiliation whatsoever with the BASE token. 2/ Important: Base is *not* a token We do not plan to issue a new network token for Base and will use ETH as the native gas token. — Coinbase (@coinbase) February 23, 2023 Yet speculation from a market hyped by the news catapulted the token to highs of $7.46, just shy of its all-time high of $7.98 reached on March 11, 2022. BASE has since pared over 70% of the gains and is as of 15:10 pm ET trading around $4.19. The outlier price action sees the token 182% in the past 24 hours and over 370% in the past week. The random gain has the cryptocurrency’s market cap up roughly 184% in the past 24 hours, currently at $2.1 million. [Read the original article here.]( The information provided is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. The opinions are from 3rd parties, claims have not been independently verified by us, and we have not been compensated in any way to review the companies or symbols mentioned. sponsored ads below Ronald Reagan’s Revenge While you might remember Ronald Reagan for many things, there’s another, much more controversial story about Reagan you’ve likely never heard before. You won’t find it in any history book, and even die-hard conservatives try to deny it. 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