Coinbase Adds Gigachad, Magic Eden, and Turbo

Leading US crypto exchange Coinbase has expanded its offerings by adding support for three new digital assets, including the memecoin Gigachad (GIGA).

Built on the Solana (SOL) network, GIGA draws inspiration from Russian bodybuilder Ernest Khalimov, whose viral photos became an internet sensation. Following its Coinbase debut on Tuesday, GIGA surged more than 39%, climbing from a low of $0.04911 to its current price of $0.06844.

Key Metrics for GIGA:

• Market Cap: $657.9 million
• Global Ranking: 183rd largest crypto project

Magic Eden (ME): A Utility Token for NFT Enthusiasts

Coinbase also added Magic Eden (ME), a Solana-based utility token tied to the popular Magic Eden NFT marketplace. Users can list and sell Solana NFTs on the platform while earning ME tokens through sales, creating a utility-driven ecosystem for NFT traders.

At the time of writing, ME is trading at $5.15, reflecting a 12% drop in the past 24 hours. Despite the price dip, ME maintains a strong market presence.

Key Metrics for ME:

• Market Cap: $673.5 million
• Global Ranking: 178th largest crypto project

Turbo (TURBO): GPT-4 Created Memecoin Surges

Coinbase’s third addition, Turbo (TURBO), runs on the Ethereum (ETH) network and carries a unique backstory—it was created using GPT-4. The memecoin draws inspiration from a whimsical toad character and celebrates its community-driven roots.

In an announcement on X, Turbo’s team celebrated the Coinbase listing:

“TURBO is now live on Coinbase! The toad has emerged – a monstrous, relentless symbol of power and community-driven potential. Buckle up. This is just the beginning.”

TURBO has seen a remarkable 30.3% surge in the last 24 hours, trading at $0.01338 at the time of writing.

Key Metrics for TURBO:

• Market Cap: $923.8 million
• Global Ranking: 146th largest crypto project

Coinbase’s support for Gigachad (GIGA), Magic Eden (ME), and Turbo (TURBO) highlights the exchange’s focus on diversifying its asset offerings to include both utility tokens and memecoins. While GIGA and TURBO capitalize on viral culture and community momentum, ME reinforces the utility of Solana’s thriving NFT marketplace. As these tokens gain visibility, their market activity is likely to remain dynamic in the weeks ahead.