COIN - Coinbase CEO-Inspired Toshi Jumps 35%: Trader Predicts 'First Billion Dollar Memecoin On Base' | Benzinga
Toshi, a memecoin named after Coinbase CEO Brian Armstrong's cat, has surged 35% on the day, with traders predicting further upside.
What Happened: The project announced on X that it has overhauled its website to create "seamless ecosystem onboarding."
The price increase followed a surge in interest in cryptocurrency trading, which took the ranking of the Coinbase (NASDAQ: COIN) app from 422 to 128, according to MilkRoad, a crypto newsletter.
The spike in interest was further evidenced by a Coinbase outage on Feb. 28, with users reporting zero balances. Armstrong stated that the exchange was dealing with "large surge of ...