Toshi, inspired by Coinbase co-founder Brian Armstrong's cat, has become a leading DeFi platform on the Base L2 network.
Toshi's Origins and Growth
Launched in 2023 on Base, this memecoin initially seemed like just another joke. However, by February 2025, it turned into one of the most traded tokens on Base. Initially named in homage to Armstrong's cat and Bitcoin creator Satoshi Nakamoto, it has become a serious player in the Base ecosystem.
Token Distribution and Market Activity
Out of 542,569 token holders, 21 addresses hold more than 1% of the supply, and 14 addresses hold between 0.5% and 1%. This indicates a concentrated distribution among large holders. The project was launched with a total supply of 420.69 billion tokens and saw significant gains following its Coinbase listing announcement, although prices have since adjusted.
Toshi's Tools and Potential
Toshi sets itself apart from other memecoins with its comprehensive suite of DeFi tools and services. The platform's cornerstone is Toshi Mart, operating as a memecoin launchpad on the Base network. It also includes ToshiTools, featuring the Locker for secure token storage and the Multisender for large-scale transactions. Through MEOW DAO, Toshi is transitioning to a DAO, empowering community participation in governance.
Toshi has evolved from a memecoin into a significant platform with real tools and an active community. While the project faces typical market challenges, its success relies on further development and adoption of the Base network.
