[Coinbase CEO Says 'Flipping' Tokens Will Be Punished] Coinbase CEO Brian Armstrong stated on the X platform that Coinbase is bringing token sales back to the platform, aiming to reward loyal users through allocation algorithms. He pointed out that the current market faces issues such as unfair access, excessive extraction, and misaligned incentive mechanisms, which hinder industry development. He emphasized that any 'flipping' of tokens will be punished to maintain alignment between project incentives and the community.