Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
The Nick Shirley token highlights Base's Zora-driven surge and vanity metric issues

The Nick Shirley token highlights Base's Zora-driven surge and vanity metric issues

币界网币界网2026/01/27 20:18
Show original
According to CoinWorld, last month saw a surge in token issuance on the Base launchpad, with daily issuance exceeding 100,000 tokens, mainly driven by Zora's content tokens. However, at the same time, the number of active addresses dropped to its lowest point in 18 months, and trading volume also declined, highlighting the issue of "vanity metrics." For example, the token issued by creator Nick Shirley once peaked at a market cap of $15 million, only to plummet to $74,900. This case demonstrates that while these low-cost tokens can generate speculative volatility, they fail to promote sustainable on-chain value growth or enhance creator engagement.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Crude oil is "coming back", but refined oil is "not coming back"; the global refining gap is widening.

According to Goldman Sachs, global refined oil exports have declined by about 6 million barrels per day year-on-year, with the Gulf region and Russia contributing three-quarters of the decrease. Unlike crude oil, which can be rerouted, damaged refineries cannot be relocated, and the Gulf region's refined oil exports have only recovered to 40% of pre-war levels. Goldman Sachs expects global refinery utilization rates to recover only by the second half of 2027; based on this, it has more than doubled its forecast for diesel profit margins in 2027.

华尔街见闻2026/08/30 03:01