BALD (Base memecoin)
A memecoin on Coinbase's Base network that surged in late July 2023, then collapsed ~90% when its pseudonymous deployer removed liquidity — a rug pull. Reported liquidity removed ranged from about $23M to $25.6M.
Also known as: BALD
Summary
BALD was a memecoin on Coinbase's Base network (named after Coinbase CEO Brian Armstrong) that surged dramatically in late July 2023, then collapsed roughly 90% when its deployer removed liquidity — a rug pull. Estimates of the liquidity removed range from about $23 million to $25.6 million. [1][2]
Details
The deployer had added large amounts of liquidity and bought the token to drive the price up, then removed liquidity across multiple transactions. Analysts estimated a net profit of around $5.9 million for the deployer, who remained pseudonymous; the project's account denied selling tokens, claiming it only "added/removed" liquidity. [2][3]
Bracketed numbers refer to the numbered sources listed below.
People & entities involved
Sources (3)
- BALD Meme Coin on Coinbase Layer-2 Goes to Zero as Dev Pulls Liquidity — Decrypt
- BALD memecoin plunges after $25.6 million rug pull — Web3 is Going Great
- Explained: The BALD Token Rug Pull (July 2023) — Halborn
See also
- Bitcoin Latinum (LTNM)TokensA ~$16M token offering (SAFTs for 'Bitcoin Latinum' / LTNM) that the SEC charged in 2026 as fraud: founder Donald Basile falsely called LTNM 'the world's first insured digital asset' backed by an 'existing trust,' neither of which existed, and diverted investor funds for personal use (including a $160,000 horse).
- Loci (LOCIcoin)TokensA 2017–2018 ICO for 'LOCIcoin' tied to the InnVenn IP-search platform. The SEC charged Loci and CEO John Wise with fraud for raising $7.6M on false claims about revenue, headcount, and user base; Wise also misused investor funds. Settled with a $7.6M penalty and an officer/director bar.
- Blockchain Terminal (BCT)Tokens
This page was last updated on Jun 8, 2026. View revision history.