DOGINME Surges 162% After Coinbase Roadmap Announcement

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The cryptocurrency exchange Coinbase has added doginme (DOGINME) to its roadmap. This development has triggered a triple-digit price surge for this meme coin.

To elaborate, DOGINME is a meme coin built on Base, originating from a humorous comment by Farcaster founder Dan Romero. When asked if he had a dog, Romero jokingly replied, "No, but I have a dog in me," which inspired the token's name.

Coinbase Adds DOGINME to Roadmap

At the time of writing, DOGINME is trading at $0.00106, up 162% in the past 24 hours. In addition to the price surge, this meme coin has also seen a significant increase in trading volume, up 246%.

doginmeDOGINME Price Performance. Source: BeInCrypto

Notably, in the past week alone, DOGINME has surged 297%, outperforming the overall cryptocurrency market, which has declined 6%. Compared to similar meme coins, which have dropped 14%, DOGINME's performance stands out significantly.

The Base-based meme coin sector has also seen positive movement, with a market capitalization of $1.0 billion, up 8% in the past 24 hours. In contrast, the broader meme coin market capitalization has declined 0.9%.

Currently, DOGINME is ranked 533 on CoinGecko. It has a market capitalization of less than $68 million. Nevertheless, it has become the leader among Base-based meme coins and the broader meme coin market.

doginmeTop Meme Coins on Base. Source: CoinGecko

Coinbase's decision to add DOGINME follows the exchange's recent move to include another Base-based meme coin, Tokenbot (CLANKER), on its roadmap. Along with DOGINME and CLANKER, QCAD (QCAD) has also been added. However, Coinbase has clarified that this is not an exhaustive list.

"Some of the assets mentioned above may be listed with a Pilot label," according to the blog.

This Pilot label indicates that these tokens may have low trading volumes and may carry additional risks. These risks include price volatility and the potential for order cancellations due to limited supply.

Coinbase's announcement has also spurred action from other exchanges. For instance, BitMart has quickly followed suit and announced the relisting of DOGINME.

"BitMart is thrilled to announce the relisting of doginme (DOGINME) on 2025-03-14," according to the announcement.

This move comes shortly after Coinbase announced that they will delist certain Solana (SOL) and Ethereum (ETH) meme coins. In its announcement, the exchange emphasized that it continuously reviews the assets on its platform to ensure they meet listing criteria. As part of these ongoing assessments, Coinbase has revealed plans to temporarily suspend trading for certain tokens in the near future.

"Based on recent reviews, we will be temporarily suspending trading for FLOKI (FLOKI), Turbo (TURBO), and Gigachad (GIGA) only in New York on 2025-04-14 at around 2:00 PM ET," according to the post.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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