Coinbase CEO Armstrong Admits Miscalculating Community Over Meme Coin Brain Collapse on July 27

According to BlockBeats, on July 27, Coinbase CEO Brian Armstrong acknowledged in an Ansem interview that he completely miscalculated the community's reaction to his X profile picture change. The brief swap of his avatar with the icon of meme coin Brain triggered rapid trading activity but subsequently led to a sharp selloff and near-complete collapse of the token when Armstrong reverted his profile picture. Armstrong described the incident as a "wake-up call" and pledged to communicate expectations more clearly in the future.
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