Based on ChainCatcher, Base co-founder Jesse Pollak launched the Jesse token on November 21, but the event was marred by app crashes and delays, preventing users from participating. Jesse initially promised a fair launch via the Base App, but the update was delayed by 17-20 minutes, forcing him to share the contract address on X. As a result, many retail investors missed the early opportunity. Additionally, 26% of the token supply was sniped in the same block, with top two snipers earning $707,700 and $619,600 respectively. The Jesse token is currently trading at $0.01705 with a market cap of $17.05 million. Jesse claims the token is a 'creator coin' meant to return ownership and revenue to creators and fans, but the launch has raised concerns over fairness and market manipulation.
Base Co-Founder's Jesse Token Launch Sparks Community Outcry Over App Delays and Sniping
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