Coinbase Adds GIGA and TURBO to Meme Coin Lineup

Coinbase continues to embrace meme coins, announcing Wednesday that it plans to support trading for Gigachad (GIGA) and Turbo (TURBO). The tokens were added to the exchange’s listing roadmap, triggering significant price surges shortly after the announcement.

Gigachad’s price soared 37%, while Turbo saw a 15% jump within an hour, following a tweet from the Coinbase Assets account on X (formerly known as Twitter). Both tokens have since retraced but remain key topics of excitement in their respective communities.

Meme Coins with Unique Stories

Gigachad: Solana’s Meme Marvel

Gigachad, inspired by the meme of a hyper-muscular male model, is a Solana-based token that has captured the attention of an enthusiastic community. One supporter famously tattooed the token’s contract address on his chest—only to discover it was incorrect.

Following Coinbase’s announcement, Gigachad’s market cap spiked to nearly $700 million before settling around $500 million, representing a 28% drop from its all-time high, according to CoinGecko.

Turbo: AI Meets Ethereum

Turbo, an Ethereum-based meme coin, boasts an unconventional origin story. Created using a $69 budget and ChatGPT, Turbo has skyrocketed this year alongside other AI-related crypto tokens, gaining over 6,000% in value, per CoinGecko data.

After reaching a $625 million market cap post-announcement, Turbo has since retraced to $574 million, marking a 36% drop from its peak.

Coinbase’s Meme Coin Strategy

GIGA and TURBO are the latest additions to Coinbase’s growing lineup of meme coins. This week alone, the exchange added MOG and MOODENG to its listing roadmap, with MOODENG set to start trading today and MOG following on Thursday.

These announcements consistently lead to sharp price increases, a phenomenon often referred to as the “Coinbase Effect.” While tokens experience an initial surge, prices tend to stabilize in the hours and days following the listing news.

The Rise of Meme Coins

Meme coins, often inspired by internet culture and memes, are highly volatile and carry greater risk than traditional crypto assets. However, their popularity has surged this year, driven in part by platforms like Pump.fun, which make it easier and cheaper for users to launch their own tokens.

With Coinbase’s growing support for meme coins, the exchange is capitalizing on a trend that resonates with retail traders and meme-driven communities. As GIGA and TURBO prepare to make their mark, Coinbase continues to play a key role in shaping the meme coin landscape.