Meme coin on Coinbase Floki will be added to its listing plan two days after announcing that PEPE will be traded on the biggest centralized crypto exchange in the U.S
FLOKI went up more than 21% in an hour after Coinbase announced that the $2.7 billion joke coin would soon be able to be traded. The news came out simultaneously as a market-wide rebound, which helped FLOKI’s price rise.
It’s the second time that Coinbase has added older meme coins. On November 13, the exchange posted Pepe, based on Pepe the Frog. Soon after, data showed that PEPE hit a new all-time high.
Some people on social media thought that the loosening of regulations under President Trump’s leadership led crypto businesses to make bigger choices.
Along with Coinbase, Robinhood U.S. also offered PEPE. Binance has listed several meme coins, though some of its picks were criticized.
A few days ago, Binance stated that it would list new low-cap memes like (PNUT) and Neiro on a spot basis. People reacted widely to the platform’s new features, from anger over what they saw as secret trading to calls for more meme coin exposure and bullish rallies.
The hype around cryptocurrencies caused by Bitcoin’s meteoric rise to a market value of $1.8 trillion has been like rocket fuel for jokes and altcoins. As Bitcoin went back above $90,000, memes on Ethereum and Solana hit all-time highs.
Dogecoin and PEPE, two of the biggest joke coins, may run on Ethereum. Still, a huge amount of money has poured into Solana’s environment.
Dogwifhat and Bonk were big hits that inspired service providers like Pump.fun, a place where memecoins can be launched on the blockchain. People used the site to make thousands of tokens and Pump in its first few months. Pump.fun made $100 million.