Coinbase, the largest cryptocurrency exchange in the United States by volume, made significant headlines with its recent announcement. Exchanges continuously monitor cryptocurrencies, not only listing new ones but also delisting others based on evaluations. This decision came after a thorough assessment by their monitoring team.
Floki Coin Delist
The influx of numerous cryptocurrencies has led to a redistribution of trading volume, exacerbated during the recent Solana $125 meme coin frenzy. In an environment fueled by disdain for meme coins, even relatively older cryptocurrencies like Floki Coin have been impacted unexpectedly. Coinbase has just announced that, for the time being, it will delist this cryptocurrency, initially limiting the action to New York.
“We regularly monitor the assets on our exchange to ensure their compliance with our listing standards. Following recent reviews, we will suspend trading for FLOKI, Turbo (TURBO), and Gigachad (GIGA) on April 14, 2025, at approximately 14:00 Eastern Time, but only in New York.”
Following the announcement, Floki Coin’s price touched $0.00006050, while TURBO dropped to $0.00211, with GIGA remaining unaffected.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.