Toshi (TOSHI) Memecoin Surges 120% After Coinbase Listing: Is It a Good Buy?

Toshi (TOSHI), a quirky cat-themed memecoin inspired by coinbase coinbase - support@coinbase.com WalletCentralised Exchange Global co-founder Brian Armstrong Brian Armstrong Brian Armstrong is the CEO of Coinbase Global, the biggest bitcoin exchange in the US. He is a former software developer for Airbnb. In 2012, Brian teamed up with Fred Ehrsam and launched Coinbase in San Francisco. Even though co-founder Fred Ehrsam left the company in 2017, he remains a board member and owns 6% of the business. On April 14, 2021, Coinbase went public through a direct offering on the Nasdaq. Soon it momentarily hit $100 billion in market capitalization. About 19% of company shares are owned by Armstrong.   Quick Facts Full name Brian Armstrong Birth January 25, 1983, in San Jose, California, U.S. Education Bachelor of Arts/Economics, Master of Arts/Science, Rice University Nationality American Martial Status Married Net Worth $11.9B (Refer for real-time)   He supports the need for clear regulations and policies for cryptocurrency trading and decentralized transactions. Brian has collaborated with diplomats to formulate the policies. He continues to contribute to the crypto community and blockchain technology.   Brian Armstrong: Timeline of events 2010: Discovered Bitcoin – Read the Bitcoin whitepaper and became interested in decentralized finance. 2012: Co-founded Coinbase – Launched Coinbase with Fred Ehrsam to simplify Bitcoin buying and selling. 2015: Expanded Coinbase Services – Introduced Coinbase Exchange and support for multiple cryptocurrencies. 2017: Led Coinbase Through Crypto Boom – Scaled operations as Bitcoin surged to $20,000, making Coinbase a top exchange. 2021: Coinbase IPO on NASDAQ – Took Coinbase public (COIN) at a $86B valuation, marking a major crypto milestone. 2022: Advocated for Crypto Regulation – Engaged with lawmakers to promote clear crypto regulations in the U.S. 2023: Launched Coinbase’s Layer-2 ‘Base’ – Introduced Base, a Layer-2 blockchain to improve Ethereum scalability. 2024: Pushing for Global Crypto Adoption, Married to Angela Meng.   Year Award/Notable Work Details 2012 Co-Founded Coinbase Built one of the world’s largest cryptocurrency exchanges. 2017 Fortune 40 Under 40 – Technology Recognized for leadership in the crypto industry. 2021 Coinbase IPO on NASDAQ Took Coinbase public with an $86B valuation, a first for a major crypto company. 2021 Time 100 Most Influential People Listed for his impact on mainstream crypto adoption. 2023 Launched Coinbase’s Layer-2 ‘Base’ Introduced a Layer-2 blockchain to enhance Ethereum scalability.   Useful Links to Connect With Brian Armstrong Platform Link X (formerly Twitter) https://twitter.com/brian_armstrong LinkedIn https://www.linkedin.com/in/brianarmstrong Coinbase Official Website https://www.coinbase.com Brian Armstrong’s Personal Blog https://brianarmstrong.com   EntrepreneurInvestorDeveloper/ProgrammerCrypto and Blockchain Expert ’s cat and the mysterious creator of Bitcoin, is making waves in the crypto world. Built on the Base network, this small-cap token has just taken a giant leap toward mainstream adoption. After hitting a key milestone in its trading activity, Toshi is now set to be listed on Coinbase Global.

The sudden surge in price and trading volume has caught the attention of many, and there’s much more to this story than meets the eye. Dive right in for the details.

Toshi’s Price Explodes

As announced, Toshi will join other popular memecoins like Peanut the Squirrel (PNUT) and Floki (FLOKI) on the Coinbase exchange. This listing is a significant step for Toshi, opening doors to a much larger audience and increasing its chances for mainstream success.

After the listing announcement, Toshi’s price surged by more than 120% in just 24 hours, peaking at $0.0003679. The small-cap memecoin now has a fully diluted market cap of about $114 million, and its daily trading volume skyrocketed by 515%, reaching $60 million.

This dramatic rise points to a growing interest in Toshi and suggests it may be on track for further gains.

Toshi’s Bullish Shift

This price jump has pushed Toshi above its 50-day Moving Average (MA), reversing the previous bearish sentiment. However, for the upward trend to stay strong, Toshi needs to consistently close above the $0.0004 resistance level. Doing so would confirm a sustained bullish momentum in the near future.

Toshi Fundamental Outlook

Toshi is quickly becoming a more prominent player in the crypto space. Listed on a dozen cryptocurrency exchanges, both centralized and decentralized, the token now has more than 489,000 on-chain holders. Additionally, Toshi enjoys good liquidity, with around $1 million in Wrapped Ether (WETH).

This growth shows that Toshi is on its way to becoming the leading memecoin on the Base network.

Toshi’s success highlights the growing competition within the memecoin market, which has become crowded with thousands of tokens. This saturation has slowed down the much-anticipated “altseason” as traders look for standout coins.

Despite the crowded field, Toshi’s recent surge signals that it could carve out a more significant role in the memecoin ecosystem.