Floki Whipsaws 14% on Coinbase Listing

Floki (FLOKI), the meme coin inspired by Elon Musk’s dog, saw an impressive surge of 21% within just one hour after Coinbase announced it would add the coin to its listing roadmap. This development sent the price of Floki soaring, as the news aligned with a broader market recovery that helped propel FLOKI’s price higher. The announcement came on November 15, with Floki now joining the ranks of other meme coins like PEPE, which was listed on Coinbase just two days earlier. Following PEPE’s inclusion, its price also saw a new all-time high, further proving the growing appeal of meme tokens in the crypto space.

The timing of Coinbase’s move has stirred discussions in the crypto community, with some speculating that a more relaxed regulatory environment under a potential Donald Trump administration could be pushing exchanges like Coinbase to expand their listings. This idea has gained traction, with social media users pointing to a favorable regulatory outlook that might encourage more meme coin listings. In addition to Coinbase, Robinhood also listed PEPE alongside Coinbase, while Binance has been adding a number of smaller, low-cap meme tokens like PNUT and Neiro to its spot markets. While some of these additions have sparked concerns about insider trading, others are excited by the increased exposure for meme coins.

Floki’s surge also comes amid a broader wave of optimism in the crypto market, driven by Bitcoin’s meteoric rise above a $1.8 trillion market cap. As Bitcoin pushes past the $90,000 mark, other altcoins, especially meme coins, have benefitted from the bullish momentum. Coins like Dogecoin (DOGE) and PEPE saw new highs, while the Solana ecosystem also gained traction as meme coins like Dogwifhat (WIF) and Bonk (BONK) took off. These coins, along with others, have attracted strong interest from investors and traders, further driving the hype around meme-based tokens.

One platform that has been benefiting from this meme coin boom is Pump.fun, an on-chain launchpad for meme coins. The platform has already generated $100 million in revenue within its first few months, largely driven by the success of meme tokens like WIF and BONK. As more projects flock to platforms like Pump.fun, the meme coin space shows no signs of slowing down, continuing to draw attention and investment from the crypto community.

Floki’s rise in price, following its listing on Coinbase, highlights a key trend: meme coins are enjoying a moment in the spotlight. Whether this momentum will last remains to be seen, but with exchanges like Coinbase and Robinhood embracing these tokens and Bitcoin continuing its bullish run, it’s clear that meme coins are playing an increasingly important role in the broader crypto market.