- 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.
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.
