Degen

Was scrolling and came across the upcoming theory, and I'd like to hear some thoughts about it ; 

Coinbase probably has a lot to do with the constant sell pressure on $ETH. It generates tons of fees in $ETH on its Base protocol. It doesn't hold $ETH; it sells it all off to cash. Coinbase's recent analysis, over a 30-day period, shows Base generated $30 million in top-line revenue from sequencer fees, which, if annualized, equates to approximately $360 million per year. So, right there, that's $1 million a day in sell pressure. I'm sure there's more, too.

This been discussed here?

I can’t recall… getting a bit of air on twitter today.

https://x.com/cupojoseph/status/1888382566467580415?s=46&t=TVy9rDl3UkuxmVj4e18bOA

https://x.com/tiza4thepeople/status/1888324707725738373?s=46&t=TVy9rDl3UkuxmVj4e18bOA

Will be curious to see what we learn this week…

Investor, Trader, & Market analyst. 📊 Web3 explorer👾🟪 Degentleman🎩

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Fr! weird.. 

Base needs ETH to win , but Doesn't seems like they care... so idk 😂

Will be curious to see what we learn this week…

https://warpcast.com/brixbounty/0xa4a19136

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That would be cool if they went public about that. I'm not throwing any accusations, but X is being wizzzziing about it.

This wouldn't make much sense to me, but @jessepollak is the man to give a definitive answer I guess.

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Thats wat one of the guy says.. 

https://warpcast.com/brixbounty/0xa4a19136

https://x.com/CupOJoseph/status/1888382566467580415?t=eSyhyGqa11sspvvoCBNbJA&s=19

speculation -- where are the sells? its off chain

In the other hand , base cant success without eth :)

Super interesting. So Base’s success is Ethereum’s downfall, so to speak.