BRIAN Resets to Zero After 24 Hours, Market Cap Drops to $1.4 Million, Coinbase CEO Changes Twitter Profile Picture Again
BlockBeats News, July 18, according to GMGN market data, the Base Chain Meme token Brain (Coinbase Man) saw its market cap briefly surpass $35 million yesterday, but has now plummeted to $1.4 million, with a more than 93% drop in the past 24 hours and a 24-hour trading volume of $21 million.
Brain adopts the native B20 token standard launched through the Base Chain's Beryl upgrade, with the token named after Coinbase CEO Brian Armstrong. Brian Armstrong recently changed his Twitter avatar to an X icon that closely resembles the Brain token's logo, sparking community speculation and driving a rapid surge in trading activity. As Brian Armstrong changed his avatar again, this Meme token faced intense selling pressure and gradually trended towards "zero."
BlockBeats reminds users that Meme coin prices are highly volatile, mainly driven by market sentiment, community hype, and narrative trends, lacking stable fundamental support. Investors should be cautious of the risks involved.
