- Coinbase adds Gigachad and Turbo to its 2024 roadmap, boosting GIGA’s price by 50% after the announcement.
- Turbo (TURBO) surged over 20% within 24 hours of Coinbase’s inclusion, enhancing its market presence.
- Gigachad reaches a $492M market cap as Coinbase expands its meme coin listings for 2024.
Solana’s token Gigachad (GIGA) saw its value rise by 50% in the wake of Coinbase’s announcement of GIGA as one of the tokens it intends to list on its platform. This boosted investor attention and confidence in GIGA’s potential market presence on a major exchange.
Gigachad has a market capitalization of about $492 million, making it a famous meme coin in the crypto market. The price increase proves how effective Coinbase’s listing can be in determining a token’s value. Investors eagerly await its next steps, expecting the Coinbase listing to impact GIGA’s performance and market positioning.
Assets added to the roadmap today: Gigachad (GIGA) and Turbo (TURBO)https://t.co/rRB9d3hSr2
— Coinbase Assets 🛡️ (@CoinbaseAssets) December 4, 2024
Other meme coins in Coinbase’s 2024 listing show an interest in exchanges to optimize the trending meme coins. Some newly listed tokens include Ethereum’s Turbo (TURBO), an ERC-20 token. It surged by over 20% within a single day of the announcement. These reflect Coinbase’s strategy to broaden its range of available assets across various blockchains.
In addition, Coinbase has included MOG Coin (MOG) and Moo Deng (MOODENG) in its listing plans. MOG Coin also based on the Solana blockchain with a market cap close to $1 billion. After the news of the announcement, the price increased by over 20% within an hour. Likewise, Moo Deng (MOODENG) had its price rise by 70% and trading volume by 400% in a single day. The changes show Coinbase’s plans to use the meme coins to expand its client base and improve its trading platform.
However, users are encouraged to exercise caution when trading or transferring newly listed assets, as they should wait for Coinbase’s official announcements. Storing funds in a Coinbase account before an asset’s official listing can lead to the loss of the deposited tokens. This is because transferring and trading are only allowed once the asset is listed. This caution protects investors from losses resulting from premature actions due to listing rumors or unofficial information.