Coinbase officially lists a new memecoin that uses the name and similarity to the main American crypto exchange CEO’s pet dog.
According to a new announcement, Coinbase is officially supporting Toshi (Toshi) starting today.
“Coinbase will add support for Toshi (Toshi) to the base network. Do not send this asset through other networks, otherwise your money may be lost. Transfers for this asset are available on Coinbase and Coinbase Exchange in the regions where trade is supported.”
Coinbase adds support for Toshi On Base, an Ethereum (Eth) Warehouse-2 network incubated by the exchange.
The announcement was made yesterday around 16:00 EST. Immediately after the announcement, Toshi jumped from $ 0.00036803 to $ 0.00048477, an increase of over 27%.
But the Memecoinet with a dog theme has since crashed to lower levels than before the announcement, acted for $ 0.0003579 at the time of writing, down 5.6% in total over the past 24 hours.
Toshi is just one of a lot of memecoins that have exploded on stage in recent months. Although Toshi is built on Base, many of the trendy tokens have been supported by Solana (SOLAR), which gets a reputation as a Memecoin trade network.
According to ArmstrongThe increased interest in sun-based memecoins has recently caused operating problems for some Coinbase users.
“The team is working hard to scale our Solana infrastructure now-lots of Solana activity in recent days, we did not foresee this level of increase.”
