On February 10, Base members refuted rumors that its sorter Coinbase had been selling Ethereum. Base member Kabir.base.eth said on Platform X on Sunday: "Coinbase has accumulated more than US$300 million in Ethereum, which is more than twice the revenue of all Ethereum since Base's inception. Base and Coinbase have always held Ethereum and publicly disclosed our long-term positions (more than 100,000 ETH, worth more than $300 million)." Kabir added that Base uses off-chain custody for security and audit reasons (which is why funds are transferred to Coinbase) and emphasized that as an Ethereum Layer2 solution, Base earns and spends as much as possible on Ethereum for Layer1 costs and support.