Creator First? Base Faces Backlash Over Token Drop and Priorities

The discussion was triggered by Jesse Pollak, the lead behind Base, who defended its focus on creators and developers, rather than traders, after a one-day token minting event caused prices to spike and then collapse.

The event involved Base’s X post on April 17 being created into a tradable token using Zora, a minting protocol. The token briefly reached a market value of $16.9 million before quickly falling by 92%. This raised concerns that the campaign encouraged hype without considering market stability.

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Alon Cohen, co-founder of Pump.fun, stated in a post on X, "Traders are easily the most important user group in crypto". Cohen added that without market demand, creative efforts cannot last, since creators need a strong trading base to support their work.

However, Pollak stated that the project’s main focus is supporting people who build things on the platform.

In a separate post on X, he also said that he appreciates traders but sees them as part of a larger system that depends on creativity. He added that his focus will remain on helping creators and developers succeed.

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