The BALD memecoin collapsed in price as collectors alleged an exit scam, but the developer said they had not sold any coins.
on July 13. However, its development team has urged ordinary users not to use the network, as it lacks a functioning user interface for its bridge. The team plans to officially release the network to users in August, at which point a bridge UI will be made available.
Despite these warnings, some investors have sought early returns by buying up assets on the network before it is officially launched. They've done so by using development tools to bridge ETH from Ethereum to Base without a UI. On July 29, a pseudonymous developer with the Twitter handle “Bald” announced the launch of the BALD token on Base network at address 0x27D2DECb4bFC9C76F0309b8E88dec3a601Fe25a8.
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