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Coinbase’s recent inclusion of meme coin DOGINME to its platform has sent shockwaves through the crypto market, resulting in dramatic price movements and heightened trading activity.
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The burgeoning interest in DOGINME highlights a growing trend in the crypto space, where meme coins can dramatically shift market dynamics with minimal established fundamentals.
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“We are excited to add doginme (DOGINME) to our roadmap,” said a Coinbase spokesperson, reflecting the platform’s commitment to diversifying its offerings.
Coinbase’s addition of DOGINME sparks a surge in trading and price, revealing the power of meme coins in the cryptocurrency landscape.
Coinbase Adds DOGINME to Roadmap Amidst Market Volatility
As of the latest update, DOGINME is trading at $0.00106, which marks a significant 162% price increase in just 24 hours. This surge brings renewed attention to the token, associated with a notable boost in trading volume that soared by 246%.
DOGINME Price Performance. Source: COINOTAG
Notably, DOGINME’s recent performance has exceeded that of the overall cryptocurrency market, which has experienced a 6% decline. Over the past week, the meme coin has increased by an incredible 297%, establishing itself firmly against a backdrop of broader market losses. Other meme coins have declined, with an average drop of 14%.
The overall Base meme coin sector continues to grow, with its market capitalization increasing to $1.0 billion, reflecting an 8% uptick in the last 24 hours, while the general meme coin market faced a 0.9% decrease.
Currently, DOGINME holds a rank of 533 on CoinGecko and possesses a market cap exceeding $68 million. Despite its relatively low market cap, DOGINME stands out as the top performer among all Base meme coins and within the larger meme coin market.
Top Base Meme Coins. Source: CoinGecko
Coinbase’s strategic decision to include DOGINME comes on the heels of its recent addition of another Base meme coin, Tokenbot (CLANKER). Coinbase has also featured QCAD (QCAD) but has clarified that this is not an all-encompassing catalog of upcoming listings.
“Some of the assets mentioned above may be listed with this Experimental label,” the company’s announcement stated. This label implies these tokens may experience low trading volumes and carry associated risks, including price volatility and potential trading order cancellations.
The announcement from Coinbase has sparked a competitive response from other exchanges, with BitMart quickly relisting DOGINME shortly after Coinbase’s move. “BitMart is thrilled to announce the relisting of doginme (DOGINME) on March 14th, 2025,” was noted in BitMart’s promotional material.
This initiative by Coinbase also coincides with its recent plans to delist certain other community-favored meme coins, including FLOKI, TURBO, and GIGA, raising concerns amongst investors about liquidity and availability in the coming weeks. “Based on recent reviews, we will suspend trading for these tokens in New York only on April 14, 2025, around 2 PM ET,” the announcement specified.
Conclusion
In summary, the addition of DOGINME to Coinbase marks a significant milestone for the meme coin sector, showcasing the potential volatility and opportunities that exist within this niche of the market. As the crypto landscape continues to evolve, the performance of DOGINME may offer insights into investor sentiment and engagement with meme-based cryptocurrencies moving forward. With trading activities anticipated to continue surging, stakeholders should approach this evolving area with informed caution.
