Bald’s mysterious rise in early August came when Base, a blockchain built by crypto exchange Coinbase, wasn’t even officially open to the public. A viral post of a trader turning $500 to hundreds of thousands sent Bald zoomed 4,000,000% within days, attracting over $66 million in ether to the ecosystem as traders hoped to squeeze out returns from an otherwise flat broader market.
Source: https://www.coindesk.com/markets/2023/08/14/bald-developer-sends-12m-back-to-ethereum-after-spectacular-mess-up/?utm_medium=referral&utm_source=rss&utm_campaign=headlines