Coinbase announced that it’s listing three new tokens tomorrow: PancakeSwap (CAKE), Subsquid (SQD), and Fartcoin. These listings will go live at 9 AM PT.
All three assets performed well after the news, with Fartcoin growing the most and SQD reaching an all-time high. When these coins go live on Coinbase, it might cause notable volatility tomorrow.
Coinbase’s Newest Listings Explained
As one of the world’s biggest exchanges, token listings on Coinbase generally cause a lot of hype, and this one is no exception.
The exchange put Fartcoin and SQD on its roadmap less than a week ago, causing remarkable price increases. Now, a trio of new listing announcements is bringing gains to all three tokens:
PancakeSwap, a DEX on the BNB Smart Chain, has already been performing well. Last month, the exchange outpaced its CAKE token, but this asset staged a major turnaround in the last few days.
Next to these activities, today’s Coinbase listing announcement left a relatively minor impact.
Fartcoin, for its part, suffered a price crash in early June despite nearly reaching new highs the previous month. When Coinbase put the meme coin on its listing roadmap, this was sufficient to create strong new momentum.
Today has been more of the same as Fartcoin spiked, gaining 6% in the last 24 hours.
Fartcoin One-Month Price Chart. Source: BeInCrypto
Subsquid, on the other hand, received a more substantial shot in the arm. The SQD token was launched over a year ago, aiming to power Subsquid’s open database network for AI agents.
The platform is becoming increasingly popular among Web3 AI developers. More specifically, it’s an Open Database Network for AI Agents. The token reached an all-time high today after Coinbase’s listing announcement.
Subsquid (SQD) Price Performance. Source: CoinGecko
Between a DEX, a meme coin, and an AI agent token, these three assets don’t have a lot in common. Nonetheless, Coinbase boosted them all by hinting at a token listing and has helped them again with this confirmation.
Interested traders should keep an eye on these assets, as tomorrow’s listing could very well cause volatility.
