Coinbase Lists Aethir (ATH), the DePIN “GPU-as-a-service” Network, Prompting an 8% Price Spike

Coinbase passed up the chance to list ATH in June 2024, and the token has peaked and crashed two times since. Aethir's price has been stagnant

Coinbase is adding support for Aethir (ATH) to its platform. The exchange will list the DePIN “GPU-as-a-service” network’s token on the Ethereum (ERC-20 token) network. Trading will begin on or after 9 AM PT on 13 March if liquidity conditions are met. Once sufficient supply of this asset is established, trading on the ATH-USD trading pair will launch in phases.

Coinbase had the chance to list Aethir last June, when 16 centralized exchanges went for it. However, the exchange passed, and Aethir went on to peak and crash two times since. It seems that Coinbase has finally decided to give the project a try. A bit of a shame, considering that DePIN revenues grew over 100x in 2024, and the industry has continued making advancements this year.

However, it’s never too late to start. Thanks to the “Coinbase Effect,” projects typically see massive jumps after they get listed on the exchange. Aethir has also benefitted from this, jumping over 8% after Coinbase made the announcement.

The token’s price has been stagnant for a little over a month, and a bit of bullish momentum could help it grow again. Still, Coinbase won't solve all of Aethir’s problems. After the exchange refused to list it last year, it spiked the following month before leading to a crash.

It rebuilt this momentum to reach a new all-time high in December, but bearish market conditions have taken their toll. Aethir will need a lot of fresh interest to rebound a third time, but it’s an achievable goal.