Base ecosystem creator token experiment fails again: Token on Zora platform plummets 80% in two days

Source: TokenPost Original Title: Base-based Zora’s ‘Creator Coin’… 80% Plunge in 2 Days Original Link: The experiment with creator tokens on the Base ecosystem has once again ended in failure. Renowned journalist Nick Shirley’s personal creator token launched via the Zora platform plummeted 80% in just two days, disappointing investors and fans.

Creator Tokens Experience Sharp Short-Term Decline

This highly watched experiment began when Nick Shirley launched a personal brand token ($thenickshirley) on the Zora platform within the Base blockchain ecosystem. However, the token’s price sharply declined in the short term, dropping 79% from its all-time high, and in the past 24 hours, it fell nearly 45%.

This decline also affected Zora’s native token ZORA, which dropped over 4% in a single day and is currently trading at $0.038. In comparison, Bitcoin and Ethereum only saw modest increases of about 1%.

Base Community Supporters Begin to Shift

Zora platform was once highly regarded for supporting content-based token issuance for creators and was seen as the next-generation application scenario within the Base ecosystem. However, a series of recent failures are shaking supporter confidence. Influential figures who once believed in Shirley’s token, such as rb3k, called it “the most interesting case,” but have now changed their stance.

rb3k pointed out: “Every time the price rises, it coincides with the initial unlock period. Before actual usage and investment inflows are enough to offset early investors’ sell-off pressure, price rebounds will face difficulties.”

Renowned crypto streamer and on-chain analyst ThreadGuy further commented: “This experiment was originally the most likely to succeed, but it completely failed.”

Creator Token Boom Gradually Fades

As a blockchain-based tool, creator tokens were supposed to enable content creators to interact directly with fans and earn revenue. However, in practice, these tokens have increasingly become short-term speculative tools, raising serious questions about their sustainability.

Shirley’s case exposes the core issue of creator tokens: although initial marketing and celebrity effects can attract short-term attention, platforms lack the ability to expand their user base and establish mechanisms for ongoing value creation. This problem has been repeatedly validated through multiple failures.

Overall Crypto Market Stable, Zora Token Declines Alone

While the creator token craze cools down, the overall crypto market remains relatively stable. Bitcoin is quoted at $88,063, up 0.8%; Ethereum at $2,967, up 1.2%.

Overall, the paradigm of content creation-based tokens remains in testing, and market assessments of such experiments are becoming increasingly rational and cautious.

Key Points

Market Interpretation: Zora’s creator token ecosystem faces questions about product-market fit due to repeated failures. Although initial enthusiasm existed, insufficient demand and speculative selling are undermining its sustainability.

Investment Advice: When evaluating creator token investments, it is important to confirm whether there are actual community-driven initiatives to promote usage. Focus should be on content distribution structures and long-term sustainability rather than short-term gains.

Terminology Explanation

• Creator Token: Tokens issued by content creators based on their brand or content
• Unlock(unlock): The end of the lock-up period, when early investors can sell tokens