Toshi, a memecoin built on the Base network, experienced a significant rally, gaining over 130% in the last 24 hours after Coinbase revealed plans to include the token in its future listing roadmap.
Toshi's Price Surge
Following Coinbase's announcement, Toshi's price surged significantly. In the last 24 hours, its value increased by 130%, indicating strong investor interest in this asset.
Trading Volume and Cap Fluctuations
In early 2024, Toshi’s market cap peaked at $73.66 million before declining to $51.36 million. However, as market conditions improved, the token rebounded, reaching a market cap of $75.62 million by 2025.
Market Risks
Despite the recent spike, market data shows that Toshi’s performance remains unpredictable, reflecting the volatile nature of the cryptocurrency market. This also led to higher losses for short position holders.
Toshi memecoin demonstrates a high level of volatility, reminding investors of the associated market risks. While the Coinbase listing news boosted its price, investors should remain cautious about its performance outlook.