A memecoin named after Coinbase CEO Brian Armstrong’s cat has seen a massive price jump after Coinbase added it to its listing roadmap.
Toshi’s Rocket Ride
Toshi (TOSHI), an Ethereum-based memecoin, skyrocketed over 200% in a single day following the Coinbase announcement. Before the news, TOSHI was trading at a low of $0.00001161. After the announcement, it hit a high of $0.0003679 before settling back down to around $0.0002953. This surge gave TOSHI a market cap of $126.5 million, making it the 507th largest cryptocurrency.
Coinbase’s Roadmap and Transparency
Coinbase uses its listing roadmap to be transparent about upcoming listings and to help prevent insider trading. Inclusion on the roadmap signals that Coinbase plans to list the asset in the future.
Toshi’s Ambitions
The Toshi project describes itself as the “face and mascot of Base,” Coinbase’s layer-2 scaling solution. They aim to become a leading memecoin on the Base network, attracting a large user base.
Disclaimer
This information is for general knowledge only and is not financial advice. Always do your own research before investing in cryptocurrencies. Investing in crypto carries significant risk.
