Coinbase Adds New Cryptocurrency to Listing Roadmap, Triggering Price Surge

Coinbase has announced the addition of a new cryptocurrency to its listing roadmap, sparking excitement among investors and crypto enthusiasts alike.

Floki (FLOKI), the Ethereum-based meme coin inspired by Elon Musk’s dog, has seen significant gains following news that Coinbase has added it to its listing roadmap. This announcement triggered a sharp price increase, pushing the token to its highest point in five months, exceeding $0.00027.

Within an hour of the news, Floki surged by 21%. The coin has also experienced a 100% rise in the past week, reversing earlier losses amidst a broader market correction.

Coinbase’s listing roadmap features cryptocurrencies under consideration for future listing, though inclusion on the platform is not guaranteed. The exchange has recently shown swift action in adding tokens, as demonstrated by its rapid listing of meme coins like Pepe (PEPE) and Dogwifhat (WIF) earlier this week. Both coins were quickly made available for spot trading after being added to the roadmap, with Pepe reaching an all-time high on the same day it was listed.

The increasing attention to meme coins on Coinbase highlights the growing prominence of these tokens, with Floki, Pepe, and WIF now all within the top 50 by market cap, according to CoinGecko.