Ethereum Meme coin Floki (FLOKI) was one of Friday’s big winners, riding on the back of Coinbase announcing that it has added the dog-themed coin to its listing roadmap.
The token has soared to a five-month high price above $0.00027 after the news, up 21% in less than an hour by data of CoinGecko. Overall, Floki, named after Elon Musk’s real-life dog, is up 16% over the past 24 hours, with the recent spike overcoming some losses earlier in the day as cryptocurrency prices are generally correcting after a recent increase. The price of Floki has almost doubled in the last seven days.
Coinbase’s listing roadmap includes crypto tokens that the centralized US exchange is considering listing. While it is unclear whether the token will be added to spot trading, we have seen the company make some pretty rapid changes on this front in recent days.
On Wednesday, Coinbase listed another major coin pair: Ethereum. Pepe (PEPE) and Solana’s Dogwifhat (WIF) – on its track record, then began spot trading for both at the end of the same day. Pepe reached a record price that day, although Robinhood also added support on the same day, cementing its importance in the process.
The three meme coins are among the 50 most valuable cryptocurrencies in the world, ranked by market capitalization, by CoinGecko. Coinbase has historically moved more slowly than some rival exchanges in adopting meme coins, although it may move more quickly following the election of Donald Trump last week, who promised to ease U.S. regulations on the cryptography.
Prices of major cryptocurrencies have soared over the past week and a half, with Bitcoin move to a new record price of over $93,000. That’s about $20,000 more than the previous peak, which was surpassed on Election Day.
Dogecointhe original meme coin and the most valuable by market capitalization, had led the meme charge earlier this week, hitting a three-year high price and more than doubling its price in the span of a week. However, DOGE is now down almost 4% on the day amid slowing market momentum, leaving a brighter spotlight on other meme coins like Floki.
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