Doginme (DOGINME), a meme coin on the Base blockchain, has seen its price skyrocket by 162% after being added to Coinbase's roadmap.
DOGINME’s Meteoric Rise
On March 14, Coinbase announced the inclusion of DOGINME to its roadmap, sparking an immediate response from the market. The meme coin, inspired by a viral comment made by Farcaster founder Dan Romero, rose from $0.000343 to $0.000923, according to CoinGecko data. After about 3 hours of trading and some minor fluctuations, it finally hit an intraday high of $0.001064, marking a 162% increase during this period. At the time of writing, the coin was trading at around the $0.000773 level. While this is more than 55% below its all-time high of $0.001779 reached nearly a year ago, it is still a nearly 73% improvement on its value from 24 hours ago. Over the past week, the token surged 297%, vastly outperforming the broader crypto market and other meme coins, which, on average, lost about 13% of their value, with its market cap now exceeding $53 million.
Crypto Community's Reaction
However, not everyone welcomed the news of DOGINME’s addition to the Coinbase roadmap. Several members of the crypto community took to X to express their frustration over the exchange’s choice. Leonidas, a well-known Bitcoin NFT advocate, questioned how a “random $25 million dog coin with no community and an insider-controlled supply” secured a spot while the number one BTC meme token, DOG, valued at $180 million, remained overlooked. A user going by the handle @grabachaire was less diplomatic, demanding Coinbase focus on “something worthwhile” instead of what they called “garbage.” Another user, Zooly, took it a step further, expressing their disdain for the DOGINME upgrade by suggesting those responsible for listings should be “arrested.”
Floki Inu (FLOKI) Situation
Meanwhile, another popular meme coin Floki Inu (FLOKI), faced its own drama. Earlier, rumors had spread that the token had been delisted by Coinbase, forcing its team to clarify the situation. In a post on the project’s official X account, the team insisted that Coinbase wasn’t delisting the asset but was rather halting its trading in New York due to regulatory constraints. The action is set to affect 2-5% of FLOKI’s trading volume, an amount the team considers negligible given its global market activity.
The surge of Doginme following its addition to the Coinbase roadmap highlights the interest in meme coins and their significance in the crypto market. However, opinions on such listings remain divided within the crypto community.
