TOSHI Memecoin Rallies 120% After Being Added to Coinbase Listing Roadmap

The cat-themed memecoin Toshi (TOSHI), inspired by Bitcoin’s pseudonymous creator, has soared over 100% in value following its addition to Coinbase’s listing roadmap. Built on the Base blockchain, Toshi’s rapid popularity is attracting widespread attention.

TOSHI Surges 120%

Data from CoinMarketCap reveals that TOSHI’s price surged 120% at its peak, reaching $0.00037 shortly after the Coinbase listing announcement. However, the price has since dipped slightly, trading around $0.0002683, an 84% increase within the last 24 hours.

Assets added to the roadmap today: Toshi (TOSHI) https://t.co/rRB9d3hSr2

— Coinbase Assets 🛡️ (@CoinbaseAssets) January 14, 2025

Toshi’s milestone marks a pivotal moment for the meme token as it secures a spot among other prominent memecoins on one of the largest global cryptocurrency exchanges. The listing news has sparked heightened trading activity, underlining the substantial influence exchange support has on memecoin market performance.

Notably, TOSHI’s trading volume has skyrocketed by over 400%, reaching approximately $50 million. Concurrently, its market capitalization has crossed the $100 million threshold.

Growing Accessibility in the Memecoin Market

Memecoins, traditionally regarded as speculative assets, are increasingly being recognized by major exchanges, signaling a shift in their perception within the cryptocurrency ecosystem. Coinbase’s decision to include TOSHI in its listing roadmap exemplifies this evolving trend and highlights the growing significance of such tokens.

Moreover, Toshi’s prominence can be attributed to its ecosystem, which includes over 489,000 on-chain holders and liquidity of approximately $1 million in Wrapped Ether (WETH). These factors contribute to its foundation and adoption.

Additionally, its presence on both centralized and decentralized exchanges has improved its accessibility, fostering broader adoption and positioning it as a leading contender in the memecoin space. Meanwhile, the token’s objective of becoming the top memecoin on the Base network appears increasingly achievable, with its inclusion on Coinbase serving as a catalyst to attract new users.

Rishi Prasad, a member of the Coinbase product team, noted on X that Toshi would be the second Base-native memecoin to join Coinbase, following Degen, which was listed in October. Although the Base blockchain was developed with support from Coinbase, only a limited number of Base-native tokens have been listed on the platform.