Base creator Jesse Pollak states Coinbase is the largest non-DAT ETH holder and a key Ethereum contributor.
Base creator Jesse Pollak countered claims that Coinbase is selling ETH, emphasizing the company holds the largest non-DAT ETH position by a significant margin. He highlighted Coinbase’s role as a major Ethereum customer through Base and a contributor to EVM and Ethereum development.
Pollak’s remarks followed criticism from an Ethereum Foundation member, who argued that community anger toward Coinbase is misplaced. The member cited Coinbase’s contributions, including Base, USDC, cbBTC, EIP-4844, ERC-4337 smart wallets, and x402.
Pollak warned that targeting customers could drive them away, underscoring Coinbase’s influence in the Ethereum ecosystem.