Coinbase CEO Admits Misjudging Community Reaction to X Profile Change Affecting Meme Coin

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Coinbase CEO Brian Armstrong admitted during an interview with crypto influencer Ansem that he misjudged the community’s reaction to a change in his X profile, which triggered a sharp decline in a meme coin. The token, Brain, is a Base chain B20 token and part of ongoing meme coin developments. Armstrong referred to the event as a "wake-up call" and stated he will improve communication. The coin initially surged when he first updated his profile to match the token’s icon, but after a second change, it lost most of its value. The incident is also being monitored in on-chain news circles.

Odaily Planet Daily report: On July 27, Coinbase CEO Brian Armstrong, during an interview with crypto KOL Ansem, said he completely misjudged the community’s reaction to the drop in related meme coins following his change of X profile picture, calling it a “wake-up call” and stating that he will strive to communicate expectations more clearly in the future.

Previously, the meme coin Brain garnered market attention for adopting the native B20 token standard introduced by Base chain's Beryl upgrade, with its name derived from Brian Armstrong. After Brian Armstrong briefly changed his X profile picture to match the token's icon, community speculation drove up trading activity.

Subsequently, Brian Armstrong changed his X profile picture again, leading to a massive sell-off of Brain, which gradually dropped to zero, sparking community controversy.

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