Base Co-founder Denies Ecosystem Token Manipulation Claims

Jesse Pollak asserts that the Base team will not engage in secretive manipulation of ecosystem tokens. He emphasizes lawful trading practices, highlighting concerns about unfair advantages and potential legal violations if behind-the-scenes interventions occurred.

Jesse Pollak made a public statement addressing community concerns about token price manipulation. He asserted that Base would not manipulate prices behind the scenes, ensuring lawful and transparent operations.

Jesse Pollak, Creator of Base and Head of Protocols at Coinbase, stated on X: “the Base core team would not ‘support the chart behind the scenes,'” addressing community calls for token price intervention.

Pollak, the primary developer of Base, aims to prevent price intervention that could undermine trust or violate market principles. His message emphasizes Base’s commitment to fair and transparent practices.

The crypto community had voiced concerns over potential pump-and-dump activities within Base. Pollak’s statement reassures investors and developers that Base remains focused on ethical market behaviors.

Financial and regulatory bodies remain observant given past market manipulation cases, stressing the need for open and fair systems. Pollak’s message aims to align Base’s operations with these principles.

Pollak’s position signals a potential shift in the crypto landscape towards ethical practices. By pledging transparency, Base could set a precedent for Layer 2 networks. Historical trends in crypto show the importance of trust in sustaining liquidity behavior.