Coinbase Pumps Ethereum and Solana Meme Coins With Latest Listing Plans
Coinbase announced plans to list the meme coins Gigachad (GIGA) and Turbo (TURBO), leading to immediate price increases of 37% and 15% respectively. Both tokens, connected to distinct communities and blockchain ecosystems, saw significant market caps following the announcement. Gigachad is based on a popular meme and has gained traction this year, briefly reaching a market cap of around $700 million before settling over $500 million. Turbo, a Solana-based meme coin, has experienced explosive growth, surging over 6,000% this year, and initially exceeding a market cap of $625 million post-announcement before retracting to $574 million. The listing plan is part of Coinbase's broader strategy to embrace meme coins, with recent listings showing similar trends in price fluctuations shortly after announcements, indicative of the market's speculative nature regarding meme-related cryptocurrencies.
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