Jesse Pollak's recent token launches on Coinbase's Base platform have faced significant market cap declines, with 40% of the last 50 tokens dropping by at least 90%. Among these, 20 tokens experienced declines exceeding 90%. In contrast, only three tokens—BASEDCCM, DOMINOS, and LOCTOBER—recorded gains of 119%, 143%, and 18% respectively.
Pollak, who has launched hundreds of tokens linked to posts on Base, has faced criticism for his 'content coin' strategy. Critics have urged Coinbase to reconsider the 'tokenize everything' approach. Despite the backlash, Pollak defended his strategy, describing it as an 'attention market.'
40% of Jesse Pollak's Base Tokens Plummet Over 90% in Market Cap
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