Toshi, a memecoin initially inspired by Coinbase co-founder Brian Armstrong's cat, has proven to be more than just a meme.
From Meme to DeFi Platform
When Toshi launched in 2023 on Base, Coinbase's Ethereum Layer-2 network, many dismissed it as just another memecoin. However, by February 2025, Toshi had become one of the most actively traded tokens on Base. Originally named after Armstrong's cat and Bitcoin creator, Satoshi Nakamoto, Toshi has grown into a serious player in the Base ecosystem.
Token Distribution and Supply
In terms of token distribution, out of 542,569 holders, 21 addresses hold more than 1% of the supply, with 14 addresses holding between 0.5-1%. This indicates a relatively concentrated distribution among large holders, though there is a growing base of smaller holders. The project launched with a total supply of 420.69 billion tokens. Toshi gained significant momentum after the Coinbase listing announcement in January 2025, although prices have since adjusted.
Toshi's Real-World Tools
What sets Toshi apart from typical memecoins is its comprehensive suite of DeFi tools and services. The platform has developed several key components: Toshi Mart and DeFi infrastructure, ToshiTools, and a transition towards MEOW DAO. Toshi Mart helps new projects enter the market while ensuring quality standards and security measures. The ToshiTools suite includes the Locker, Multisender, and other features that make tokens more stable and easily distributable.
Toshi has successfully integrated into the Base Network and demonstrated its utility in the DeFi sector. However, it faces challenges from market volatility and sector competition. Future growth will depend on continued technical development and user support.
