Will the $JESSE Token Launch by Base Founder @jessepollak 🔥🔥

Be an Explosive Start or a Disaster for Base Chain?

Base co-founder @jessepollak has officially announced that he will launch his personal token, named $JESSE, today at 25:11:20:09:00PST (Pacific Standard Time) on the @baseapp platform.

This is an exceptional move that few founders worldwide undertake—launching a personal token tied to themselves. It raises significant concerns about risks to the founder, their project, and the community.

Launching a personal token is an extremely sensitive matter in the crypto space, which is why top builders like CZ, Vitalik, and Toly from Solana have never developed their own individual tokens.

A prime example is the $TRUMP meme token launch, backed by President Trump during the pre-inauguration hype phase. It turned into a prolonged scandal involving insider dumps and rugpull that continue to this day.

The $JESSE launch is a high-stakes bet on the future success of Base App. If $JESSE succeeds, it could open up numerous opportunities for Base App; however, if it turns out to be just a pump-and-dump token, Base App will suffer severe negative repercussions.

Currently, $JESSE only has launch timing details: “$jesse launches at 25:11:20:09:00PST,” with no substantial information yet on features or holder incentives.

That said, it could potentially become a token with multiple utilities within the Base ecosystem, such as eligibility for airdrops or IDO from projects on the chain.

However, with a pre-announced launch and no specific sales details yet, the token could see massive initial FOMO and get overvalued right away. Rushing in with FOMO carries high risks.

On top of that, the trend of platforms launching tokens has weakened significantly, with activity on and Jupiter all declining.

👉Opinion: Monitor the token's price post-launch and wait for the next announcements from Jesse.

#Basechain #layer2 #coinminutes