Coinbase’s Base App Sends Stock Soaring to Record $405 High—Here’s Why

Coinbase just dropped a financial grenade—and Wall Street's scrambling to pick up the pieces.

The Base Effect

The crypto giant's new Base app triggered a tectonic market shift, catapulting COIN shares to a blistering $405 peak. Traders piled in like it was a free NFT drop—proving once again that when crypto exchanges sneeze, traditional markets catch pneumonia.

Numbers Don't Lie (But Traders Do)

That $405 price tag wasn't just a number—it was a middle finger to every suit who said regulated exchanges couldn't compete with DeFi. The surge came faster than a memecoin rug pull, leaving short sellers nursing losses that'd make a Bitcoin maximalist blush.

The Ironic Twist

Funny how the same institutions that spent years badmouthing crypto are now first in line to profit from it. Maybe those 'volatility concerns' magically disappear when there's seven-figure bonuses at stake?