Floki (FLOKI), the dog-themed coin, shot upwards on Friday after Coinbase announced it’s adding the token to its listing roadmap. The news lit a fuse under Floki’s price, sending it to $0.00027—its highest in five months. Within an hour, the token’s value jumped 21%, while data from CoinGecko showed a 16% gain over the last day. This fresh pop erased earlier losses, and Floki’s price nearly doubled in the past week.
Meme Coin Frenzy Accelerates with Coinbase’s Rapid Moves
Coinbase’s listing roadmap hints at potential new tokens, and Floki fans took the bait. While nothing’s certain, recent patterns show Coinbase moving faster with meme coins. Just days ago, the centralized exchange added Ethereum’s Pepe (PEPE) and Solana’s Dogwifhat (WIF) to the roadmap. Then, they flipped the switch to enable trading for both the same day, catching traders by surprise. Pepe hit its all-time high as Robinhood followed suit, adding to the excitement.
These roadmap announcements typically send meme coins flying, so the hype train around Floki isn’t shocking. But meme coin fans love a good rally, so they jumped in fast.
Trump Victory Spurs Shifts in Meme Coin Listings
Coinbase’s sudden affection for meme coins might be tied to U.S. election shake-ups. President-elect Donald Trump’s win last week could loosen regulatory handcuffs around crypto. Trump’s talk about easing crypto restrictions has Coinbase moving quicker than usual, especially around meme coins.
As Floki rallied, major cryptos took a breather. Bitcoin crushed its old all-time high, hitting over $93,000 on Election Day—a $20,000 leap from its previous peak. Meme coin juggernaut Dogecoin (DOGE) led the charge earlier in the week, doubling in value to reach a three-year high. But it cooled off on Friday, dropping almost 4%, leaving room for other meme coins to shine.
Meme Coins Gaining Ground in the Crypto Rankings
Floki now joins Pepe and Dogwifhat in the top 50 by market cap, according to CoinGecko. Meme coins, once seen as fringe assets, are capturing serious attention. The big names in crypto are watching closely, because what happens with meme coins could hint at where retail interest is heading next. And with Coinbase’s faster pace of listings, Floki’s moment may not fade soon.
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