Is Coinbase Backing Another Crypto Fiasco? You Won’t Believe What Happens Next!

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What You Absolutely Need to Know:

  • Zora’s latest stunt: the ZORA token is launching on April 23, 2025, thanks to a little help from the geniuses at X.
  • Two snapshots will decide who gets a piece of the pie—tracking user activity from January 1, 2020, to April 20, 2025. Get in line.
  • After a dramatic push by Base’s Jesse Pollack, Zora saw a surge with 230,000 “new” traders joining the frenzy.

Gather round, for the blockchain circus has arrived! Zora, the on-chain social media “revolutionary” platform, has announced its token, ZORA, will go live on April 23. This follows a week of eye-popping drama on X, all sparked by the valiant effort of Base’s Jesse Pollack.

Let’s break this down: two snapshots (because, of course, we need more buzzwords) will determine who gets these tokens. One will look at activity from January 1, 2020, to March 3, 2025, while the second covers March 3 to April 20, 2025. Gotta love that blockchain precision, right?

Now, hold onto your seats. The mastermind behind this? None other than Coinbase-backed Zora, thrust into the spotlight thanks to Pollack’s recent hustle promoting “content coins” (tokens that supposedly represent words and pictures—talk about innovation). 😏

$ZORA will be live on April 23, 2025.

— zora (@zora) April 20, 2025

In case you missed the memo, Pollack’s self-promotion of Zora’s tokens set the platform on fire. User engagement skyrocketed, and within a few days, over 230,000 fresh traders (or wallets pretending to be fresh) joined the chaotic carnival.

What happened next? A token called “Base is for everyone” exploded in value, from a modest few thousand to a mind-boggling $17 million in mere hours. How? Well, let’s just say a few wallets managed to buy up a truckload of tokens *before* the official announcement. They walked away with $666,000. Go figure. 🙄

Crypto exchange Coinbase, the silent partner in this drama, was quick to clarify that “Base is for everyone” wasn’t actually the official cryptocurrency of Base (thank goodness, because who needs another coin?). They also reassured everyone that they didn’t directly sell the tokens. Yeah, right.

The real fun began when rumors of insider trading swirled, and users on X began sharpening their keyboards with accusations of shady deals. One user quipped, “So it was literally an airdrop shill to create hype and liquidity for a dump of supply controlled by Coinbase Ventures? Got it.” Ouch. 🔥

Others, like @KienNguyen_NFT, smelled something fishy too, predicting big profits for insiders. Meanwhile, @blknoiz06 dropped a sarcastic bomb: “Good marketing,” they said. Pollack, of course, was quick to deny the entire ordeal was a marketing ploy. Oh sure, just a coincidence, right?

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2025-04-21 16:39