an exchange CEO's 'Confession' on The Ansem Show: Swapping X Avatar Resulted in Meme Coin Community Backlash

BlockBeats News, July 27th, an exchange CEO Brian Armstrong recently stated in a recent interview with crypto KOL Ansem that he completely misjudged the community in the incident where changing his Twitter avatar led to a sharp drop in related meme coins. "This is a good wake-up call, and in the future, I will try to communicate my expectations more clearly."

Previously, the hot meme coin Brain, which adopted the native B20 token standard introduced through the Base chain's Beryl upgrade, took its name from an exchange CEO Brian Armstrong.

Brian Armstrong briefly changed his Twitter avatar to match the token's icon, triggering community speculation and quickly driving up trading activity. However, as Brian Armstrong changed his avatar back, the meme coin experienced a severe sell-off and gradually trended towards zero. Brian Armstrong was subsequently denounced by the community.