- January 1, 2026
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
Base’s push into creator coins is facing mounting criticism from traders and builders after Nick Shirley’s token on Zora spiked to about a $9 million valuation and then promptly slumped.
Coinbase and its Ethereum layer-2 Base are drawing pushback from traders and builders who argue that its creator token experiment failed to turn a viral social media moment into sustained onchain activity.
The backlash came after YouTuber Nick Shirley launched a token on creator platform Zora. Shirley’s token briefly rode his online fame to about a $9 million fully diluted value before sliding to $3 million. Most of the volume came from existing traders rather than new users.
In a widely shared critique, trader and content creator notthreadguy argued that if Shirley couldn’t make the model work, nobody could.
