The Coinbase-backed network, Base, is facing scrutiny after its meme token crashed a staggering 95% just minutes after launching. The token saw an astronomical rise, surpassing 17 million USD in value, before plummeting to just 623,000 USD within moments. This incident has ignited discussions about insider trading, especially as three wallets controlled about 50% of the total supply.

As the crypto community reacts, opinions vary on the implications of this crash for the project’s future. The situation raises critical questions about transparency, regulation, and investor protection in the rapidly evolving world of meme tokens and cryptocurrency. What distinguishes PepeX from this event? As discussions unfold, the spotlight is firmly on the ethical concerns surrounding this launch.