Investing.com - Financial Markets Worldwide
NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

BALD’s Implausible Surge Creates Ambiguities, Researchers React

Published 31/07/2023, 13:12
© Reuters BALD’s Implausible Surge Creates Ambiguities, Researchers React
COIN
-

  • The obscure and new memecoin of the Coinbase-incubated Base, BALD, has exhibited an astounding rise of 10,000%.

  • The massive surge has created a frenzy among investors, doubting its connection to an insider trader.

  • Researcher Axel Bitblaze provided insights into the prevailing ambiguities and cautioned investors on the honeypots on Base.

The colossal surge of the obscure and relatively new memecoin built on the Coinbase-incubated Base, called Bald, pushed the crypto community into a frenzy. Investors and traders raise eyebrows while the price of the Armstrong-themed token spikes by an astounding 10,000%, currently reaching $0.0523.

The crypto investor and NFT enthusiast, Axel Bitblaze, recently took to Twitter to share his perceptions on the mysterious Bald token. Diving deep into the implausible rise of the BALD, the researcher narrated the growing ambiguity among the community regarding insider trading and the involvement of Coinbase (NASDAQ:COIN) CEO Brian Armstrong.

The post BALD’s Implausible Surge Creates Ambiguities, Researchers React appeared first on Coin Edition.

The post BALD’s Implausible Surge Creates Ambiguities, Researchers React appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.