Coinbase CEO Says Changing X Avatar to Cause Meme Coin Crash Was a Misjudgment of the Community

Odaily reported on July 27 that during an interview with crypto KOL Ansem, Coinbase CEO Brian Armstrong stated that the crash of related Meme coins triggered by his change of X avatar was a complete misjudgment of the community's reaction. He described it as a "wake-up call" and said he will try to communicate expectations more clearly in the future.

Previously, the Meme coin Brain attracted market attention because it adopted the native B20 token standard introduced by the Base chain's Beryl upgrade, and its token name was derived from Brian Armstrong. After Brian Armstrong briefly changed his X avatar to match the coin's icon, the community speculated, driving up trading activity.

Later, when Brian Armstrong changed his X avatar again, Brain faced massive sell-offs and gradually collapsed to zero, sparking controversy within the community.