Coinbase has announced support for the Mamo token on its Base network. This news has generated significant market interest and price increases.
Announcement of Mamo Addition to Coinbase Platform
Coinbase has officially declared the addition of support for Mamo (MAMO) on its Base network. Trading is scheduled to begin on August 6, 2025, pending liquidity and technical requirements. This was announced through Coinbase's blog and Twitter, but no direct comments from CEO Brian Armstrong or President Emilie Choi were noted.
Market Reaction and Historical Trends
Following the announcement, MAMO's price surged by over 42%, climbing to $0.1667. The 24-hour trading volume increased by 144%, reaching $6.24 million, while its market capitalization rose to $45.69 million. Currently, 332,320,027 MAMO tokens are circulating, representing 33% of the total supply. This reaction corresponds to historical trends where such Coinbase announcements often lead to short-term spikes in investor interest.
Analyst Expectations and Future of Mamo
Analysts anticipate that Coinbase's support for MAMO could significantly stabilize its market presence. They highlight the potential for technological and financial advancements, considering the robust Base ecosystem. As of the latest data, MAMO is trading at $0.16, with a fully diluted market cap of approximately $162.29 million. The expected liquidity of this token is crucial.
Coinbase's announcement of support for the Mamo token has captured the attention of investors and analysts, while market expectations may foster further growth and stabilization of the token in the future.
