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tron
TRON (TRX) $ 0.240208
bitcoin
Bitcoin (BTC) $ 96,699.91
ethereum
Ethereum (ETH) $ 2,722.22
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 711.89
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 2.47
binance-usd
BUSD (BUSD) $ 0.995319
dogecoin
Dogecoin (DOGE) $ 0.262247
cardano
Cardano (ADA) $ 0.779137
solana
Solana (SOL) $ 195.76
matic-network
Polygon (MATIC) $ 0.32362
polkadot
Polkadot (DOT) $ 5.16
tron
TRON (TRX) $ 0.240208

Memecoin Named After Brian Armstrong’s Dog TOSHI Rises and Falls Following Coinbase Listing

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Coinbase is formally itemizing a brand new memecoin that makes use of the identify and likeness of the highest US crypto change’s CEO’s pet canine.

In response to a brand new announcement, Coinbase is formally supporting Toshi (TOSHI) beginning right now.

“Coinbase will add assist for Toshi (TOSHI) on the Base community. Don’t ship this asset over different networks or your funds could also be misplaced. Transfers for this asset can be found on Coinbase and Coinbase Change within the areas the place buying and selling is supported.”

Coinbase is including assist for TOSHI on Base, an Ethereum (ETH) layer-2 community incubated by the change.

The announcement was made yesterday round 4 p.m. EST. Instantly following the announcement, TOSHI leaped from $0.00036803 to $0.00048477, an over 27% acquire.

Nevertheless, the dog-themed memecoin has since crashed to decrease ranges than earlier than the announcement, buying and selling for $0.0003579 at time of writing, down 5.6% total within the final 24 hours.

TOSHI is only one of a mess of memecoins which have exploded onto the scene in latest months. Although TOSHI is constructed on Base, lots of the trending tokens have been supported by means of Solana (SOL), which is gaining a fame as a memecoin buying and selling community.

In response to Armstrong, the surge of curiosity in SOL-based memecoins recently has precipitated operational points for some Coinbase customers.

“Workforce is working laborious on scaling our Solana infrastructure now – a number of Solana exercise previous few days, we weren’t anticipating this stage of surge.”

Generate Picture: Midjourney

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