⭐️Rebase Announcement:
Earlier today we performed out first REBASE! The rebase was for 136%.
Overall we are very happy that the rebase went smoothly, and everyone received the extra BASE exactly as they should have!
We are currently at our peg price, and ultimately that is our long term goal.
We truly appreciate the support from everyone in the community. You guys have made launch, and our first rebase quite spectacular.
Achievements:
1. #1 hottest token on Dextools
2. Top 15 most volume on Uniswap
3. Over $1M in liquidity within 24 hours!
Thank you everyone!
Explanation of the large transaction that occurred at rebase:
Transaction:
https://etherscan.io/tx/0xbe856731f35d8d592601510c511189f5e07ee01d7083fcb093d6fd45d92e9112The first thing I want to make completely clear is that nothing malicious occurred. The team did not sell. There were no hackers. There was no single BASE holder who dumped all their tokens.
What we believe occurred is that a number of people had open limit orders, stop loss orders, and regular orders at the time of the rebase. When the rebase occurred, it made the price drop to $.58 and at the same time, it triggered all open orders.
This means that it was not an individual, but rather it may have been dozens of BASE holders. In general, this is just normal market behavior, but the rebase made all of it happen at the exact same time.
We are investigating ways to potentially mitigate the impact of this, but again, it is simply normal market behavior. As volume for the token grows, the impact of an event like this should be reduced greatly.
We are not 100% confident that this is exactly what happened, but it is very likely something along these lines.
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