Coinbase Listing Roadmap Adds Floki Sends Token Soaring Over 25%

Key Points:

• Coinbase listing roadmap added Floki, signalling potential future trading on the largest U.S. crypto exchange.
• Floki’s value jumped over 25% after the announcement, reflecting the growing interest in meme coins like PEPE.

Just days after listing the PEPE and WIF tokens, Coinbase announced that Floki, a popular meme coin, had been added to its listing roadmap.

Read more: Floki Inu Scam Warning Announced Due to Increase in Counterfeit Tokens

Floki Added to Coinbase Listing Roadmap

Floki will be listed for trading on the biggest U.S.-based centralized crypto exchange, pending the completion of the listing process.

In the hours since the news, Floki’s price surged over 25%, part of a broader market rebound. The wild swing of the $2.6 billion token shows just how popular meme coins have become, and sector Coinbase seems increasingly to be behind.

This is the third time the Coinbase listing roadmap has featured meme coins. On November 13, the exchange listed PEPE, a token inspired by a viral frog meme, and Solana-based meme coin Dogwifhat. PEPE set a record high after its listing following robust investor interest in meme tokens.

The Coinbase listing roadmap normally signals the first step that cryptocurrencies make towards being listed on the exchange. Being listed in the roadmap does not necessarily mean that a cryptocurrency will eventually trade on the platform, but at least the token is under active review and usually gives some precursor for potential market activity.

Meme Coin Investments: High Rewards, High Risks

The development of meme coins such as Floki, WIF, and PEPE provides vast opportunities for profit, but these resources have not yet experienced a full-fledged bull market. However, the nature of meme tokens is extremely volatile, and this means massive risks, too. Quick earnings may easily turn into nothing more than a bubble that bursts within an hour.

The move, with meme coins continuing their upward trajectory, signals a change in Coinbase’s strategy as the meme coins remain a lynchpin in attracting the masses to crypto markets.