Brian Armstrong Warns Traders After BRIAN Meme Coin Surges and Crashes
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Coinbase CEO Brian Armstrong briefly changed his X profile picture, triggering a spike in BRIAN, a Base meme token, whose market value jumped from under $1 million to about $37 million before collapsing more than 90% within hours after he reverted the image. Armstrong said his posts and profile pictures are not endorsements or investment signals, underscoring pump-and-dump risk and market manipulation vulnerabilities for crypto traders and DeFi participants.
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- BRIAN’s market value climbed from below $1 million to about $37 million after Armstrong briefly changed his X profile picture.
- BRIAN later lost more than 90% of its market value within hours after Armstrong restored his usual CryptoPunk profile image.
- Armstrong said his posts, memes, and profile pictures do not represent endorsements, commitments, or investment signals.
Coinbase CEO Brian Armstrong told traders not to treat his X activity as investment guidance. His clarification followed a sharp rally and collapse in BRIAN, a Base meme coin linked to his profile picture change.
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