Floki (FLOKI) Surges 21% in an Hour After Coinbase Adds 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.

Coinbase’s recent announcement regarding the addition of dog-themed coin Floki (FLOKI) to its listing roadmap has led to a significant surge in FLOKI's value.

Binance data reveals that the token experienced a rapid increase, reaching a nearly six-month high price above $0.00028, with a 21% surge in less than an hour.

The surge marks a 16% increase in FLOKI's value over the past 24 hours, despite the broader correction in crypto prices following a recent surge. However, FLOKI's recent spike countered the losses earlier in the day. Notably, the crypto asset, named after Elon Musk's real-life dog, has nearly doubled in price over the last seven days.

Coinbase’s listing roadmap showcases crypto tokens that the centralized American exchange may consider listing. The exchange had already commenced spot trading for Solana’s Dogwifhat (WIF) and Ethereum’s Pepe (PEPE) on the U.S based crypto platform.

Binance data reveals that these meme coins are ranked among the top 50 most valuable cryptocurrencies globally by market valuation. While Coinbase has typically been slower in adopting meme coins compared to some peers, the recent move may be driven by Donald Trump's election last week, with his promise to relax regulations on American cryptocurrency.

The meme coin with the largest market value and origin, Dogecoin, led the meme coin movement this week, reaching a peak price not seen in three years and surging over 100% in a week. However, DOGE experienced a decrease of nearly 4% in value today, as the market momentum appears to be slowing down, providing a more prominent stage for other meme coins like Floki.