🚨 BASE JUST DUMPED OPTIMISM - $16M GONE 🚨
💔 BASE JUST LEFT OPTIMISM 💔
Yo this is actually crazy...
Coinbase's Base just ditched Optimism yesterday.
The damage:
$OP down 26% to $0.14
Base was making them $16M+
That was literally 90% of their money in January
Now it's gone.
Base pulled in:
$3.8B TVL (biggest L2)
4x more txns than Optimism
144x more DEX volume
They were THE moneymaker. And they just walked.
Why?
Base wants everything under one roof instead of sharing code with OP. Faster upgrades, keep all the profits.
Can't blame them honestly.
Here's the thing...
If the BIGGEST chain in your "Superchain" leaves, who's staying? Sony? Uniswap? Kraken?
They're all watching this right now.
Two ways this plays out:
$OP recovers - other chains stay, buyback program works, back to $0.30+
$OP dies - everyone follows Base out, drops to $0.05
Me?
Waiting to see if others leave. This news is 2 days old, too early to call.
But man... $0.14 after being over $4 in 2024? Brutal.
Anyone holding $OP? What's your move?
Drop 💔 if you're hurting
Drop 👀 if you're watching
Drop 🎯 if you're buying this dip