Coinbase Adds Gigachad and Turbo to Listing Roadmap with Significant Price Increases
Bitcoin #BTC faces increased competition from altcoins, with Coinbase Global Inc. (NASDAQ: COIN) leveraging this trend through strategic memecoin listings across various chains. Recent listings have significantly enhanced the exchange's trading volumes.
As reported by Coinspeaker, Coinbase has listed frog-themed Pepe #PEPE, dog-themed Floki #FLOKI, Dogwifhat #WIF, and Moo Deng #MOODENG among others. The exchange anticipates support from the incoming Trump administration, which has made several commitments to the crypto sector ahead of its inauguration early next year.
Coinbase to List Turbo and GIGA
Today, Coinbase announced the imminent listing of Ethereum #ETH-based Turbo #TURBO. Following this news, TURBO’s price rose over 15 percent within the last 24 hours, trading at approximately $0.0085 during the mid-New York session.
TURBO, a small-cap memecoin with a fully diluted valuation of around $578 million and a daily average trading volume exceeding $287 million, has surged more than 50x in the past year after being listed on Binance Holdings. On-chain data shows that TURBO has gained over 44k holders with DeFi liquidity in WETH exceeding $590k.
The TURBO token is noted for its creation by OpenAI’s ChatGPT-4 artificial intelligence (AI). This community-backed memecoin is now available on more than 110 crypto exchanges for spot trading, including KuCoin, Kraken, Crypto.com, and OKX.
Coinbase also announced the upcoming listing of Gigachad, a Solana-based memecoin. GIGA has a fully diluted valuation of about $510 million and a daily average traded volume surpassing $42 million, having surged over 37 percent to trade around $0.051 following the announcement.
With locked liquidity exceeding $6.8 million, GIGA has attracted over 54k on-chain holders. In the last 24 hours, GIGA recorded more than 11.7k buy transactions against 8.7k sellers.
The potential listing on Coinbase could enhance GIGA’s visibility and may lead to a listing on Binance soon.
Bigger Picture
The anticipated bullish breakout for Dogecoin #DOGE into its price discovery phase is expected to trigger the next memecoin season. Additionally, the Elon Musk-supported dog-themed memecoin has experienced a bullish breakout following the success of pro-crypto leaders, including President-elect Donald Trump.
The current rotation in crypto cash favors utility-based altcoins led by XRP, Tron (TRX), and Binance (BNB). As reported, the memecoin market cap has grown to over $130 billion, with a daily average trading volume exceeding $27 billion.