Fartcoin jumps 16% as Coinbase plans a June 12 listing with Solana-only support and phased rollout, boosting its $1B market cap.
Coinbase has disclosed the inclusion of a novel cryptocurrency on its platform. FARTCOIN functions on the Solana network. Trading on Coinbase will commence at 9:00 a.m. PT on June 12, 2025.
Fartcoin is now available on Coinbase, with regional restrictions in place
The cryptocurrency will be accessible in most states in the United States and the majority of countries worldwide, as the platform disclosed on X. This gradual implementation aims to ensure that the trading process is seamless for all users.
It will be exchanged for the US dollar (FARTCOIN/USD). The trading will be implemented in stages, indicating that it will not occur simultaneously. Consequently, Coinbase employs this methodology to optimize the process. Users must verify whether it is accessible in their respective regions, as certain regions may be subject to restrictions.
One critical aspect to bear in mind is the safe handling of Fartcoin. Coinbase cautions that this asset, which is referred to as an SPL token, is exclusively functional on the Solana network. Sending it over alternative networks may result in the loss of your funds. This is a significant issue for individuals who are new to the area and may not be aware of the potential consequences of combining networks. To prevent any potential issues, it is recommended that Fartcoin be sent exclusively through Coinbase or Coinbase Exchange and only in supported areas.
Fartcoin experiences a 16% increase in value after the announcement of its listing
The news has caused a surge in interest in learning more about Fartcoin. It is a component of a growing trend of distinctive tokens on Solana. Furthermore, the support for trade has already been activated on transfers, and early adopters are eligible to participate.
This corresponds with the increasing adoption of Solana, as evidenced by Moody’s most recent experiment with tokenizing credit ratings on the network. Any cryptocurrency listed on exchanges such as Coinbase is guaranteed to garner attention. Therefore, including Fartcoin in the listing may generate additional interest in Solana. Unsurprisingly, institutions such as Bank of America are investigating the possibility of launching stablecoins.
Nevertheless, to prevent being defrauded, first-time purchasers adhere to the guidelines outlined by Coinbase. As the launch date approaches, there is an increasing sense of anticipation.
The phased approach implies that Coinbase is striving to prevent any potential complications. It remains to be determined whether Fartcoin will become a success or dissipate. Coinbase will provide additional updates in the days following the listing.
Additionally, the value of Fartcoin increased by 16% as anticipation for its Coinbase listing increased. The surge indicates the increasing interest in the meme-themed cryptocurrency despite regional restrictions.