Coinbase, a major US-based cryptocurrency exchange, has announced the upcoming addition of two new meme-inspired tokens to its trading platform: Gigachad (GIGA) and Turbo (TURBO). The news triggered immediate positive market reactions, with both assets recording notable price increases shortly after the announcement.
This move is part of Coinbase’s ongoing effort to expand its altcoin offerings, particularly within the memecoin category, which continues to attract significant trading volume and user interest.
Understanding the New Listings
Turbo (TURBO) Joins Coinbase Roadmap
Turbo (TURBO) is an Ethereum-based memecoin that gained attention for its unusual origin—it was created using OpenAI’s ChatGPT-4. The token has experienced substantial growth over the past year, increasing in value by more than 50 times since its initial launch.
Following the Coinbase listing announcement, TURBO’s price rose by over 15%, reaching approximately $0.0085. The token currently boasts a fully diluted valuation of around $578 million and is supported by more than 44,000 on-chain holders. It is already available on more than 110 exchanges, including OKX, KuCoin, and Crypto.com.
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Gigachad (GIGA) Also Added
Gigachad (GIGA), a memecoin built on the Solana blockchain, was also included in the same announcement. Its price surged by 37% after the news, climbing to around $0.051. GIGA has a fully diluted valuation of approximately $510 million and is held by more than 54,000 wallets.
The token has demonstrated strong buying momentum, recording over 11,700 buy transactions compared to 8,700 sells in the 24 hours following the announcement. With locked liquidity exceeding $6.8 million, GIGA appears well-positioned for further growth.
Why Is Coinbase Listing More Memecoins?
Coinbase has been actively expanding its catalogue of meme-inspired cryptocurrencies. Recent additions include Pepe (PEPE), Floki (FLOKI), Dogwifhat (WIF), and Moo Deng (MOODENG). This strategy appears aimed at capturing a larger share of the retail and speculative trading markets.
Memecoins often drive high trading volumes due to their viral nature and community-driven adoption. For exchanges, listing popular memecoins can lead to increased user engagement, higher transaction fees, and greater market relevance.
Additionally, the current political shift in the U.S. toward more crypto-friendly policies may be encouraging exchanges like Coinbase to broaden their offerings ahead of anticipated regulatory clarity.
Market Impact and Memecoin Performance
The memecoin sector as a whole has seen remarkable growth, with the total market capitalization of meme-based cryptocurrencies now exceeding $130 billion. Daily trading volumes often surpass $27 billion, highlighting the category’s liquidity and popularity.
Dogecoin (DOGE) remains the largest memecoin by market cap, and many analysts believe a major breakout for DOGE could trigger a new “memecoin season,” where similar assets experience rapid appreciation.
At the same time, capital rotation within the crypto market has also benefited utility-focused altcoins like XRP, TRON (TRX), and Binance Coin (BNB), indicating a diverse and maturing market.
Frequently Asked Questions
What are Gigachad (GIGA) and Turbo (TURBO)?
GIGA and TURBO are both meme-inspired cryptocurrencies. TURBO was created with the help of an AI language model and operates on Ethereum, while GIGA is a Solana-based token. Both have gained significant community support and are now slated for listing on Coinbase.
Why did the prices of GIGA and TURBO rise after the Coinbase announcement?
Listings on major exchanges like Coinbase typically increase a token’s accessibility, liquidity, and credibility. This often leads to heightened demand and upward price movement shortly after the announcement.
Is now a good time to invest in memecoins like GIGA or TURBO?
Memecoins are highly volatile and speculative assets. While exchange listings can lead to short-term gains, prices can also drop rapidly. Always conduct thorough research and consider your risk tolerance before investing.
How does Coinbase decide which tokens to list?
Coinbase evaluates tokens based on factors like regulatory compliance, security, liquidity, and user demand. The exchange has been increasingly open to listing community-driven and memecoins in response to market trends.
What other memecoins are available on Coinbase?
Coinbase offers several memecoins, including Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Floki (FLOKI), and Dogwifhat (WIF), among others.
Will GIGA and TURBO be listed on other major exchanges?
It is common for tokens that gain traction on one major exchange to eventually list on others. Binance, Kraken, and OKX are among the platforms that may consider listing these assets in the future.
Conclusion
Coinbase’s decision to add GIGA and TURBO to its listing roadmap underscores the enduring influence of memecoins in the cryptocurrency ecosystem. While these assets are often high-risk and speculative, they play a meaningful role in driving trading activity and engaging new users.
As the market continues to evolve, major exchanges are likely to keep balancing between innovative community tokens and more established, utility-driven cryptocurrencies.