TL:DR;<\/p>\n
Almost all meme coins dumped hard less than 12 hours ago, but FLOKI went on a run and jumped to a 4-month peak.
\nThe most obvious reason is related to a recent listing by the largest US-based cryptocurrency exchange \u2013 Coinbase.<\/p>\n
<\/a><\/p>\n CryptoPotato<\/em> reported<\/a> yesterday evening the adverse developments on the meme coin scene as many tokens plummeted by double digits. FLOKI\u2019s price slump was no exception, as the asset slumped from a daily peak of $0.00026 to a low of $0.000226, losing 12% of its value at one point.<\/p>\n However, it quickly bounced off, recovered all losses and even skyrocketed to almost $0.00029. This became its highest price tag since charting an all-time high in early June.<\/p>\n Simultaneously, most other meme coins are still in the red. Even though FLOKI has lost some momentum since that local peak, it still trades 10.2% up on the day.<\/p>\n <\/a>FLOKIUSD. Source: TradingView<\/p>\n The reason for this impressive daily surge is most likely related to Coinbase, as the exchange announced earlier that it will add support for the 6th-largest meme coin. Trading will begin today, November 21, if \u201cliquidity conditions are met.\u201d<\/p>\n Nevertheless, the company warned that some regions might not have access to FLOKI due to local requirements.<\/p>\n Trading will begin on or after 9AM PT on 21 November 2024, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our FLOKI-USD trading pair will launch in phases. Support for FLOKI may be restricted in some supported jurisdictions.<\/p>\n \u2014 Coinbase Assets \ufe0f (@CoinbaseAssets) November 20, 2024<\/a><\/p>\n\n Coinbase listings typically lead to notable price increases from the underlying assets. Just last week, PEPE exploded<\/a> to a new all-time high and one of the biggest reasons was precisely the added support from the Wall Street-listed exchange.<\/p>\n The post This Is Why Floki (FLOKI) Exploded by 27% in Minutes to 4-Month High<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" TL:DR; Almost all meme coins dumped hard less than 12 hours ago, but FLOKI went on a run and jumped to a 4-month peak. The most obvious reason is related to a recent listing by the largest US-based cryptocurrency exchange \u2013 Coinbase. CryptoPotato reported yesterday evening the adverse developments on the meme coin scene as […]<\/p>\n","protected":false},"author":0,"featured_media":22259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-22258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22258"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22258"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22258\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/22259"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a><\/p>\nCryptoPotato<\/em> reported<\/a> yesterday evening the adverse developments on the meme coin scene as many tokens plummeted by double digits. FLOKI\u2019s price slump was no exception, as the asset slumped from a daily peak of $0.00026 to a low of $0.000226, losing 12% of its value at one point.<\/p>\nHowever, it quickly bounced off, recovered all losses and even skyrocketed to almost $0.00029. This became its highest price tag since charting an all-time high in early June.<\/p>\nSimultaneously, most other meme coins are still in the red. Even though FLOKI has lost some momentum since that local peak, it still trades 10.2% up on the day.<\/p>\n<\/a>FLOKIUSD. Source: TradingView<\/p>\nThe reason for this impressive daily surge is most likely related to Coinbase, as the exchange announced earlier that it will add support for the 6th-largest meme coin. Trading will begin today, November 21, if \u201cliquidity conditions are met.\u201d<\/p>\nNevertheless, the company warned that some regions might not have access to FLOKI due to local requirements.<\/p>\nTrading will begin on or after 9AM PT on 21 November 2024, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our FLOKI-USD trading pair will launch in phases. Support for FLOKI may be restricted in some supported jurisdictions.<\/p>\n\u2014 Coinbase Assets \ufe0f (@CoinbaseAssets) November 20, 2024<\/a><\/p>\n\nCoinbase listings typically lead to notable price increases from the underlying assets. Just last week, PEPE exploded<\/a> to a new all-time high and one of the biggest reasons was precisely the added support from the Wall Street-listed exchange.<\/p>\nThe post This Is Why Floki (FLOKI) Exploded by 27% in Minutes to 4-Month High<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"TL:DR; Almost all meme coins dumped hard less than 12 hours ago, but FLOKI went on a run and jumped to a 4-month peak. The most obvious reason is related to a recent listing by the largest US-based cryptocurrency exchange \u2013 Coinbase. CryptoPotato reported yesterday evening the adverse developments on the meme coin scene as […]<\/p>\n","protected":false},"author":0,"featured_media":22259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-22258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22258"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22258"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22258\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/22259"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/06\/FLOKI_CB-6.jpg\"){kind=link}
![<\/a>FLOKIUSD. Source: TradingView<\/p>\nThe reason for this impressive daily surge is most likely related to Coinbase, as the exchange announced earlier that it will add support for the 6th-largest meme coin. Trading will begin today, November 21, if \u201cliquidity conditions are met.\u201d<\/p>\nNevertheless, the company warned that some regions might not have access to FLOKI due to local requirements.<\/p>\nTrading will begin on or after 9AM PT on 21 November 2024, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our FLOKI-USD trading pair will launch in phases. Support for FLOKI may be restricted in some supported jurisdictions.<\/p>\n\u2014 Coinbase Assets \ufe0f (@CoinbaseAssets) November 20, 2024<\/a><\/p>\n\nCoinbase listings typically lead to notable price increases from the underlying assets. Just last week, PEPE exploded<\/a> to a new all-time high and one of the biggest reasons was precisely the added support from the Wall Street-listed exchange.<\/p>\nThe post This Is Why Floki (FLOKI) Exploded by 27% in Minutes to 4-Month High<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"TL:DR; Almost all meme coins dumped hard less than 12 hours ago, but FLOKI went on a run and jumped to a 4-month peak. The most obvious reason is related to a recent listing by the largest US-based cryptocurrency exchange \u2013 Coinbase. CryptoPotato reported yesterday evening the adverse developments on the meme coin scene as […]<\/p>\n","protected":false},"author":0,"featured_media":22259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-22258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22258"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22258"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22258\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/22259"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/11\/FLOKIUSD.png\"){kind=link}