Very big news for FLOKI crypto token: Coinbase to add support!

On Nov 16, 2024

Popular meme token FLOKI is now on the roadmap for listing on the prominent crypto exchange Coinbase.

FLOKI is a community-driven cryptocurrency inspired by the name of Elon Musk’s pet dog. This token was launched in June 2021.

My Shiba Inu will be named Floki
— Elon Musk (@elonmusk) June 25, 2021

On 16 Nov 2024, Coinbase announced that the FLOKI token has been added to their roadmap for listing.

Assets added to the roadmap today: FLOKI (FLOKI)https://t.co/rRB9d3hSr2
— Coinbase Assets 🛡️ (@CoinbaseAssets) November 15, 2024

Following this potential listing announcement, the trade price of FLOKI surged nearly 20%. Over the past 7 days, the trade price of FLOKI has increased by 80%.

#Floki token pumping continuously pic.twitter.com/61dQkPGb6i
— Bitcoinik (@Bitcoinikdotcom) November 16, 2024

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Just a few days ago, Coinbase and Robinhood, another major U.S.-based stock-crypto trading platform, announced the launch of PEPE.

Assets added to the roadmap today: Pepe (PEPE)https://t.co/rRB9d3iqgA
— Coinbase Assets 🛡️ (@CoinbaseAssets) November 13, 2024

GM. Solana ($SOL), Pepe ($PEPE), XRP ($XRP), and Cardano ($ADA) are now available to trade on Robinhood.https://t.co/CBj6uKDkAZ pic.twitter.com/48wXE9zs8V
— Robinhood (@RobinhoodApp) November 13, 2024

The listing support for PEPE triggered a significant pump in the token’s price.

Pepe token maintains its pace, following listing support on Coinbase & Robinhood platforms pic.twitter.com/qBESQLxefh
— Bitcoinik (@Bitcoinikdotcom) November 16, 2024

Meme token trend

This year, many flagship crypto projects have faced challenges as the interest in meme tokens surged. A large number of investors are drawn to meme tokens for their potential to generate significant profits with small investments. Some crypto entrepreneurs have expressed concern over this shift in capital inflow. However, others believe that meme tokens are attracting new users to the crypto space and could eventually benefit the entire sector by increasing overall adoption. Experts argue that while meme tokens are a trend, their popularity may ultimately serve as a gateway for people to explore more innovative and visionary crypto projects in the long run.