Base Protocol Co-Founder Accused of Rugging a Token, Faces Strong Community Backlash

BlockBeats News, December 15th. Base co-founder Jesse yesterday took to social media to release a RUG token for the notorious Soulja Boy, engaging in a pump and dump scheme and providing financial support, sparking strong community backlash. ZachXBT questioned, "Why give Soulja Boy a platform to scam new users?"

ZachXBT had previously disclosed in April 2023, "Soulja Boy is one of the most shameless promoters in the crypto community. In my research, I found that he has been involved in a total of 73 promotions and 16 NFT project launches, many of which turned out to be scams."

Similarly, Jesse has shilled various MEME coins, such as the "Base is for everyone" incident (which surged to a $20 million market cap and then plummeted by 90%) token and his personal token jesse (the community dubbed this token as the most failed fair launch in Base history). The tokens he promoted often experienced short-term speculative frenzies, but their long-term performance and investment returns were not stable.