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Home CRYPTO

Meme Coin FLOKI Surges 21% to Five-Month High Due to This Coinbase Milestone

Michael Juanico by Michael Juanico
November 15, 2024
in CRYPTO
Reading Time: 3 mins read
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  • Ethereum meme coin Floki (FLOKI) surged to a five-month high price after Coinbase announced plans to list it, outpacing Dogecoin (DOGE) in terms of daily gains.
  • Coinbase’s listing roadmap includes crypto tokens that the exchange is considering listing, and it recently added FLOKI along with meme coins Pepe (PEPE) and Dogwifhat (WIF).
  • While Dogecoin had been leading the meme coin charge earlier in the week, it cooled off on Friday, allowing Floki to take the spotlight amid the broader crypto market surge.

Ethereum meme coin Floki spiked Friday after Coinbase announced plans to list it, outpacing Dogecoin in terms of daily gains. Floki has now nearly doubled in price over the last seven days.

JUST IN: @Coinbase adds Ethereum memecoin $FLOKI (@RealFlokiInu) to its roadmap 🚀 pic.twitter.com/6r0fjMkyeG

— BlockNews (@blocknewsdotcom) November 15, 2024

Coinbase Announcement

On Friday, Coinbase announced plans to add Floki to its listing roadmap. Assets added to the roadmap are crypto tokens that Coinbase is considering listing for spot trading. While not guaranteed, we’ve seen Coinbase make rapid shifts on this front recently.

On Wednesday, Coinbase added prominent meme coins Pepe and Dogwife to its roadmap. By the end of the day, Coinbase began spot trading for both. Pepe surged to an all-time high price after being added.

Floki Price Action

After the Coinbase announcement, Floki jumped to a five-month high above $0.000027, rising 21% in under an hour. Overall, Floki is up 16% over the last 24 hours. The recent spike overcame earlier losses as crypto prices broadly corrected after a recent surge.

Meme Coin Prominence

Floki, along with Pepe and Dogwife, are among the 50 most valuable cryptocurrencies by market cap. Coinbase has historically moved slowly to embrace meme coins, but may be shifting following the election of Donald Trump, who has promised to ease crypto regulation.

Conclusion

The meme coin market continues to see substantial volatility and interest. As major exchanges like Coinbase warm up to listing meme coins, we may see increased adoption and legitimacy for this class of cryptocurrencies.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: CoinbasecryptoDogecoinethereumfloki
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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