On April 17th, Base officially launched a MEME coin called "Base is for everyone" on the Zora platform and promoted it on X, attempting to ignite the cultural atmosphere on the Base chain. The market value of the coin skyrocketed to $17 million in a short period of time, but due to the sudden release of the second coin "Base @ FarCon 2025", which caused dissatisfaction in the community, the price plummeted by 99% within a few hours, causing a public uproar. Behind the controversy, the 20% high buying and selling tax, centralized token holdings, and the exposure of "suspected insider trading" by Lookonchain have raised doubts. Three wallets opened positions in advance and cashed out at high levels, earning a cumulative profit of $660000. Base was criticized for "credibility collapse". Base responded by calling this an "on chain culture experiment" and emphasized that they will not sell these tokens, nor are they official products. Global builder NKECHI refers to it as a 'content coin', representing culture rather than speculation, and encourages creators to transform their expressions into on chain assets. Although controversial, "Base is for everyone" became a viral meme template, triggering a wave of community imitation. MEME coin staged a V-shaped rebound, with its market value rebounding to $22.55 million at one point. Behind the traffic, the MEME platform Zora has benefited significantly: its daily revenue exceeded $137000, a two-year high. Zora is planning to launch its native token ZORA, and this event is interpreted as a "warm-up" for its token issuance. From overturning to turning red, this experiment once again highlights the chaos and vitality of on chain culture.