top of page Co-Founder Hints at Departure From Base, Token Falls 30% co-founder, pseudonymously known as Racer, has hinted at leaving Base, an Ethereum Layer-2 network launched by Coinbase in 2023 that supports the platform. Following the news,’s token fell sharply and is now trading at $1.02, with a 31.4% drop over the past day. Racer posted on X about a system design bounty offering a $200,000 reward to anyone who could devise a method for migrating off of Base without causing significant disruptions for users. The reward would be given if the solution proved effective enough for adoption. launched in August 2023, quickly generating hype and attracting both supporters and critics.

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