[Coinbase CEO 'Confesses' on Ansem Show: Misjudged the Community in Meme Coin Crash Triggered by X Avatar Change] BlockBeats News, July 27 — Coinbase CEO Brian Armstrong recently admitted during an interview with crypto KOL Ansem that he completely misjudged the community in the incident where changing the X avatar led to a sharp decline in related meme coins. 'This was a great wake-up call. I’ll try to communicate expectations more clearly in the future,' he stated. Previously, the viral meme coin Brain adopted the native B20 token standard introduced by the Base chain's Beryl upgrade. The token's name was derived from Coinbase CEO Brian Armstrong. Brian Armstrong briefly changed his X avatar to match the token's logo, sparking community speculation and driving a surge in trading activity. However, when Brian Armstrong changed his X avatar again, the meme coin faced a massive sell-off and gradually approached 'zero.' This incident led to widespread criticism from the community. [Original Link]