Investors flock to Floki amid Coinbase listing

Floki (FLOKI) is one of Friday’s big winners, surging on the back of Coinbase announcing that it has added the dog-themed coin to its listing roadmap. 

The token jumped to nearly a six-month high price above $0.00028 after the news, rising 21% in less than an hour per data from Binance.

Overall, the 43rd most valuable crypto asset by market valuation— named after Elon Musk’s real-life dog—is up 16% over the last 24 hours, a recent spike overcoming some losses earlier in the day as crypto prices broadly correct after a recent surge. Floki has now nearly doubled in price over the last seven days.

Coinbase’s listing roadmap includes crypto tokens that the centralized American exchange is considering listing.

Coinbase added well-known meme coins: Solana’s Dogwifhat (WIF) and Ethereum’s Pepe (PEPE).  spot trading for these digital assets had already started on the U.S based crypto platform

Pepe’s price hit an all-time high on Wednesday. Binance data showed that these meme coins are among the top 50 most valuable cryptocurrencies globally by market valuation

Although Coinbase has historically adopted meme coins more slowly than some of its peers, it might be acting more quickly now that Donald Trump was elected last week and has pledged to loosen regulations on American cryptocurrency.

Dogecoin, the meme coin with the largest market value and origin, spearheaded the meme coin movement this week, reaching a price peak not seen in three years and increasing by over 100% in a week.

Nevertheless, DOGE has experienced a decrease of nearly 4% in value today, as the market momentum appears to be slowing down, thereby offering a more prominent stage for other meme coins such as Floki.