The Base token should give holders voting power over Coinbase itself
If BASE becomes economically tied to COIN, the token would trade not as a memeified L2 token, but as a globally accessible representation of equity-like value.
Base, the Ethereum-based layer-2 network incubated by Coinbase, has reportedly begun to explore launching a native token, triggering a wave of speculation across the industry. X product lead Nikita Bier recently shared a screenshot of X’s new Smart Cashtags feature listing a hypothetical “Base” token with a $373 billion market capitalization and a $130 price per token. JPMorgan analysts recently estimated that such a token could unlock up to $34 billion in value, framing Base as one of Coinbase’s strongest new monetization levers. While no specific timeline has been communicated by the team, the launch between Q2-Q4 2026 is expected.
