The leading U.S. cryptocurrency exchange, Coinbase, announced today (21st) that it will list the meme coin FLOKI, making it the fifth meme coin to be featured on the platform.
Fueled by the news, FLOKI surged over 15% amid heightened market attention, currently trading at $0.0002775 at the time of writing. Trading volume skyrocketed by more than 113%, reaching $1.22 billion.
Key Details of the FLOKI Listing
In an early morning announcement, Coinbase stated:
- Trading will commence at or after 9 AM PT on November 21, 2024, provided sufficient liquidity is established.
- The "FLOKI-USD" trading pair will be rolled out in phases once adequate supply is confirmed.
- Only Ethereum-based FLOKI tokens are supported; transfers via other networks may result in lost assets.
👉 Discover how FLOKI compares to other top meme coins
Why Coinbase Listings Matter
Historically, cryptocurrencies listed on Coinbase experience rapid price appreciation due to:
- The exchange's rigorous token review process
- Market perception of enhanced legitimacy and safety
- Immediate access to Coinbase's large user base
The Evolution of FLOKI
Originally inspired by Elon Musk's Shiba Inu dog, FLOKI has transformed from a simple meme coin into a comprehensive Web3 project featuring:
- DeFi capabilities
- NFT integrations
- Metaverse applications
Now branded as "The People's Cryptocurrency," FLOKI's Coinbase listing may:
- Boost liquidity
- Increase mainstream adoption
- Trigger significant price volatility in coming weeks
Market Impact and Future Potential
The listing has already demonstrated:
- 15% price increase within hours
- 113% growth in trading volume
- Sustained market attention
👉 Learn about trading strategies for newly listed coins
FAQ Section
Q: When will FLOKI trading begin on Coinbase?
A: Trading starts after 9 AM PT on November 21, 2024, pending liquidity conditions.
Q: Which networks support FLOKI deposits?
A: Only Ethereum-based FLOKI tokens are currently supported.
Q: Why do Coinbase listings typically cause price surges?
A: The exchange's strict review process signals token quality, attracting institutional and retail investors.
Q: What makes FLOKI different from other meme coins?
A: Beyond its meme origins, FLOKI now offers DeFi, NFT and metaverse utilities.
Q: Will FLOKI maintain this price momentum?
A: While short-term volatility is likely, long-term sustainability depends on project development and market conditions.
Disclaimer: This content provides market information only and should not be considered investment advice. Investors should conduct their own research before making decisions.