A Solana (SOL)-based memecoin is surging by double digits after Coinbase added the crypto asset to its listing roadmap.
Gigachad (GIGA), a crypto asset inspired by the photo shoot of Russian bodybuilder Ernest Khalimov, soared 51% as the top US crypto exchange made the announcement.
GIGA was trading for $0.0414 Wednesday morning and shot up to a high of $0.0627. GIGA has since retraced and is trading for $0.04856 at time of writing.
With a market cap of $467.5 million, GIGA is the 237th largest crypto project.
Coinbase uses the listing roadmap for transparency and to prevent insider trading on coins prior to them being listed. Being placed on the listing roadmap means the firm has determined the asset will likely be available for trading in the future.
The exchange also announced the roadmap listing of Ethereum (ETH)-based Turbo (TURBO), a GPT-4 inspired memecoin. After the announcement, TURBO shot up from $0.007723 to $0.009075, a more than 17% jump.
TURBO has since retraced and is trading for $0.008165 at time of writing.
With a market cap of $563.1 million, TURBO is the 202nd largest crypto project.
The two memecoins are among several others that Coinbase has recently indicated it will soon support.
The exchange announced this week it was adding to its roadmap MOG Coin (MOG), a memecoin available on both the Ethereum and Base blockchains, as well as the new Solana-based memecoin Moo Deng (MOODENG).
MOG is trading for $0.000002317 at time of writing, down 4.6% in the last 24 hours. Meanwhile, MOODENG is trading for $0.0001323, up 12.7% in the last 24 hours.
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