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19 Million THEO Minted on Base and Swapped for $1.76 Million in Ether

The newly created tokens were exchanged for 700.8 ETH, which moved from Base to Ethereum. THEO fell 92% over the past 24 hours.

By Simon Yoon
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Metallic tokens beside a bridge between stone platforms / TokenPost.ai
Metallic tokens beside a bridge between stone platforms / TokenPost.ai

Nineteen million THEO tokens were minted on Base and exchanged for about $1.76 million in Ether before the proceeds moved to another network.

The newly created THEO was swapped for 700.8 ETH. The Ether was then bridged from Base to the Ethereum network.

THEO fell 92% over the past 24 hours as the activity unfolded.

The transferred Ether is now on Ethereum.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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