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**Base Denies Selling ETH, Says Network Committed to Ethereum**
In recent days, rumors have been circulating about the potential sale of Ethereum (ETH) by Base, a renowned blockchain-based decentralized finance (DeFi) protocol. However, Base has issued an official statement denying these claims and reaffirming its commitment to the Ethereum ecosystem.
According to sources close to the matter, the speculation originated from a misinterpreted conversation between some of the network’s key stakeholders. The baseless rumors have caused significant market volatility, with ETH prices experiencing a slight dip in response to the uncertainty.
In a statement released earlier today, Base emphasized that it is fully committed to Ethereum and has no plans to sell or abandon its platform. “We are proud to be part of the Ethereum ecosystem and will continue to contribute to its growth and development,” said a representative from the network.
This news comes as a relief to the DeFi community, which has seen significant growth in recent months thanks to the innovative solutions offered by Base and other Ethereum-based protocols. The announcement is expected to have a stabilizing effect on the market, with many traders now relieved that the rumors were unfounded.
As the largest smart contract platform, Ethereum’s continued success is crucial for the broader blockchain industry. With its decentralized applications (DApps) and DeFi platforms like Base leading the way in innovation, it’s no surprise that investors are eager to see the network continue to thrive.
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Source: cryptoslate.com
