Floki whipsaws 14% on Coinbase listing

Coinbase meme coin Floki moved onto the listing roadmap two days after announcing PEPE was listed on the largest centralized crypto exchange in the United States.

Floki (FLOKI) surged over 21% in the hour after Coinbase announced upcoming trading support for the $2.7 billion meme coin. The timing of the news coincided with the market-wide recovery and supported FLOKI’s price increase.

Coinbase is adding crypto’s legacy meme tokens for the second time. The exchange listed Pepe the Frog-inspired (PEPE) exchange on November 13. Data showed that PEPE hit an all-time high shortly thereafter.

Social media users suggested that the relaxed regulatory environment under President Donald Trump has led crypto businesses to make more sweeping decisions.

Robinhood US also listed PEPE alongside Coinbase. Binance has listed several meme coins, but some of its selections have been considered controversial.

24-hour FLOKI price chart – November 15 | Source: crypto.news

Binance recently announced spot listings for newer low-cost memes such as (PNUT) and (NEIRO). Reactions to the platform’s additions ranged from outrage over alleged insider trading to bullish calls for more meme coin exposure.

The cryptocurrency excitement sparked by Bitcoin’s (BTC) $1.8 trillion market cap explosion is akin to rocket fuel for memes and altcoins. Memes about Ethereum (ETH) and Solana (SOL) reached new highs as Bitcoin surged above $90,000.

The biggest meme coins like Dogecoin (DOGE) and PEPE can run on top of Ethereum. Still, a surprising amount of liquidity has flowed into Solana’s ecosystem.

Success stories like Dogwifhat (WIF) and Bonk (BONK) have spurred service providers like Pump.fun, an on-chain launchpad for memecoins. Users used the platform to issue thousands of tokens, and Pump.fun generated $100 million in revenue in the first few months.