Coinbase's Layer 2 network, Base, has come under intense scrutiny following a suspected pump and dump scheme that it inadvertently contributed to. The project's official Twitter account promoted a meme coin titled "Base is for everyone," which led to a speculative surge causing the token's market cap to reach an estimated $15 to $20 million shortly after launch. Subsequently, the token's value quickly dropped close to zero. Base's promotional tweet, featuring images and direct links to the meme coin on Zora, gave the impression of authenticity, attracting traders whose actions led to a surge in prices followed by a rapid decline. The sudden shift in trading indicators, with a significant inflow tracking an immediate outflow, confirmed suspicions of a pump and dump scenario. The token experienced a more than 99% devaluation, while Uniswap trading volumes skyrocketed to over $13 million during the brief period of activity. This incident has sparked substantial backlash against Coinbase and Base, with critics labeling it a failure in due diligence and communication strategy. Concerns about incompetence and inadequate risk management are circulating on social media, accompanied by memes parodying the network's "Base is for everyone" slogan. As of now, Base has not released an official statement addressing the issue.