On November 4, Coinbase added meme coins Gigachad (GIGA) and Turbo (TURBO) to its asset roadmap. GIGA’s value increased sharply after this announcement.
Coinbase has added more meme coins to its roadmap, with MOODENG and MOG added yesterday.
Coinbase Will Add GIGA and TURBO
As the largest Cryptocurrency exchange in the United States, Coinbase has publicly maintained a route assets from 2022. This roadmap includes assets that the exchange plans to list in the future, which could have a strong impact on the underlying price. For example, yesterday Coinbase added MOODENG to the roadmap, its value increased by over 60% shortly after.
Responding to market demand, the exchange expanded its meme coin portfolio recently. Immediately after the announcement about GIGA and TURBOCoinbase also gave a specific date for adding support for MOG, just one day after putting it on the roadmap. This quickness may hint at the speed of other listings.
“Coinbase will add support for MOG Coin (MOG) on the Base network. Trading will begin at 9 a.m. PT on December 5, 2024, if liquidity conditions are met. Once sufficient supply of this asset is established, trading with the MOG-USD pair will be opened in phases. Support for MOG may be limited in some supported jurisdictions,” Coinbase said.
These listings could strongly affect both GIGA and TURBO. Last October, TURBO was the AI meme coin with the largest trading volume, accounting for 60% of the field along with GOAT.
Last month, Coinbase International began offering perpetual futures for TURBO, but this did not have a lasting impact on the price.
On the other hand, GIGA might really need a boost. After a promising growth, its market capitalization fell by nearly 85% in early November following a massive sell-off. This appears to be related to a malware attack, and most of GIGA’s price has since recovered.
However, this shock has caused considerable damage. Since the announcement from Coinbase, GIGA has seen a short-term increase in value.
At the time of reporting, Coinbase has not provided an official listing date for these two Tokens. Meme coins’ valuations depend heavily on community momentum and hype, and quick listings can help maintain interest.
Regardless, Coinbase continues to show interest in this space, and GIGA and TURBO are likely to benefit.