As a seasoned researcher with years of experience in the dynamic world of cryptocurrencies, I must admit that I find the recent developments in the meme coin market to be nothing short of intriguing. The swift rise of Floki (FLOKI) following its listing on Coinbase is a testament to the power of community and the allure of the next big thing in crypto.
As a researcher, I recently observed that two days following the announcement of PEPE‘s trading on the largest U.S. centralized cryptocurrency exchange, Coinbase, Floki Inu has outlined its listing roadmap. This move suggests that they are actively pursuing broader market access and exposure.
1 Hour Ago, Floki (FLOKI) experienced a 21% increase in value after Coinbase announced their upcoming trading support for this meme coin valued at approximately $2.7 billion. This announcement came at the same time as a broader market recovery which further boosted FLOKI’s price surge.
Assets added to the roadmap today: FLOKI (FLOKI)
— Coinbase Assets 🛡️ (@CoinbaseAssets) November 15, 2024
For the second time, Coinbase has incorporated tokens inspired by older internet memes into its platform, with Pepe-the-Frog’s likeness (PEPE) being added on November 13th. Immediately following this listing, PEPE achieved a brand new record high price.
It was thought among social media users that the lenient regulatory climate during President Donald Trump’s term encouraged cryptocurrency businesses to make broader, less restrictive choices.
In simpler terms, just like Robinhood U.S., PEPE was also made available on Coinbase, and Binance has added numerous meme coins to their platform. However, some of the coins Binance chose have been considered questionable by some.
Lately, Binance has unveiled spot listings for fresh, low-market-cap memes such as PNUT and NEIRO. The response to these new additions on the platform varied widely – from accusations of insider trading to enthusiastic calls for increased exposure to meme coins, fueled by a bullish sentiment.
The surge of excitement around cryptocurrency, particularly the rise of Bitcoin‘s market cap to an impressive $1.8 trillion, has acted like rocket fuel for memes and alternative coins. Memes about Ethereum and Solana have peaked at new heights as Bitcoin soared above $90,000 again.
Top meme tokens such as Dogecoin (DOGE) and PEPE typically operate on the Ethereum network. However, a significant amount of liquidity has been directed towards Solana’s ecosystem as well.
Stories about Dogwifhat (WIF) and Bonk (BONK) have motivated service providers like Pump.fun, a launchpad for memecoins on the blockchain, to flourish. People utilized this platform to release countless tokens, and in just a few short months, Pump.fun managed to generate an impressive $100 million in revenue.
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2024-11-16 00:48