Coinbase Lists USELESS Coin for Spot Trading
- Coinbase announces US listing for USELESS Coin, impacting market dynamics.
- USELESS gained 52% in price after Binance listing.
- Potential market volatility expected following the listing.
Coinbase has announced the listing of USELESS token for spot trading, expanding its reach to US markets and enhancing liquidity for the Solana-based memecoin, as confirmed by official sources.
The inclusion of USELESS on Coinbase’s platform underscores its rising popularity and potential market impact, signaling increased investor interest and volatility similar to past meme coin listings.
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Coinbase has officially announced it will launch USELESS spot trading, adding the token to its listing roadmap. USELESS is a Solana-based memecoin, developed as a parody project by LetsBONKfun.
Coinbase and LetsBONKfun are the main entities involved in this development. Previous listing on Binance saw the token price surge by 52% within a day.
The US listing on Coinbase will provide increased liquidity and visibility for USELESS Coin. Social interest in the token has already climbed, evidenced by a 42% increase in followers. Financial impacts could include additional speculative inflows and market volatility. Historical trends with similar tokens like DOGE and SHIB show potential for short-term surges but rapid corrections.
Coinbase Leadership, Coinbase, – “We are excited to officially list USELESS, expanding our token offerings and providing greater access to the US markets.” Coinbase Listing Roadmap
There are no significant impacts documented yet on larger assets like ETH or BTC. The listing may cause liquidity movements within the memecoin sector, shifting trade volumes among related assets. Potential outcomes may include heightened volatility, short-lived price surges, and increased transaction volumes on the Solana network. Historical meme coin rallies inform these expectations, though regulatory responses remain unissued.
