JoSeff

We are aware of the FUD circulating about "Coinbase delisting FLOKI". First of all, this is not true! Coinbase is NOT delisting FLOKI. Instead, Coinbase is only stopping trading in New York, a region that is responsible for a measly 2 - 5% of the total volume on Coinbase at most according to some sources. It is also worth noting that Floki remains one of the most traded memecoins in the world, and Coinbase as a whole is responsible for about 1% of the total Floki on the average day... so even if Floki were actually delisted from Coinbase, which isn't the case here, the volume loss would still be a drop in the bucket compared to Floki's overall trading volumes. While we cherish and value every Floki listing in important jurisdictions, it is important to note that these listings are just one factor in helping accelerate adoption for a cryptocurrency project and ecosystem, and often the smallest factor: crypto is originally designed to be decentralized and not reliant on centralized exchanges and gatekeepers. We've reached out to Coinbase and our legal team to get more information about the listing as well as the overall state of crypto policy in New York as far as memecoins are concerned, and we will be communicating should there be any new information that we are allowed to share. That said, we want to emphasize that Coinbase stopping trading of FLOKI and a few other memecoins in New York is likely due to New York's very strict, anti-crypto regulations more than anything. Coinbase has only listed 6 memecoins in New York this cycle: BONK, PEPE, WIF, FLOKI, TURBO, and GIGA. Of these memecoins, BONK, PEPE, and WIF were listed in New York last year while FLOKI, TURBO, and GIGA were listed in New York all at once at the exact same time/date 1.5 months ago (announcement: x.com/CoinbaseAssets…). The same three memecoins that got listed in New York at the exact same date/time 1.5 months ago will have now have trading stopped in New York, so this seems to be more of a general New York crypto/memecoin policy thing than a Floki-specific issue. We've also carefully monitored the reactions and it's clear that many in New York are not very pleased with the whole approach to crypto in that place, which I think is an important context to add here. It was only a few months ago when the Global Markets Advisory Committee of the Commodity Futures Trading Commission (CFTC), the Federal body that is actually supposed to be responsible for regulating cryptocurrency in the entirety of the United States, highlighted Floki as a good case study of a utility token--which is particularly notable because they only highlighted four cryptocurrencies in their report at the time: FLOKI, ETH, AVAX, and another cryptocurrency. So, not only do we believe that our utility-focused approach is the right approach but it has also gotten accomplishment at the highest of levels, a feat exclusive only to FLOKI at the time. In all, Floki continues to run as usual: it remains the only memecoin besides DOGE & SHIB to survive from last cycle in a meaningful form, and it has completely dominated the industry this cycle. There are 50 US states, and Coinbase users can still trade Floki in pretty much all of these states except New York, which likely accounts for less than 0.1% of Floki's total volume. Even if Floki were to be completely delisted from Coinbase (it isn't!), Coinbase only accounts for ~1% of Floki's total trading volume which is a drop in the bucket compared to Floki's extraordinarily impressive trading volume that it has maintained for the totality of this cycle. So, ignore the FUD and look at the big picture: Floki is the people's cryptocurrency, remains just as strong as it has always been fundamentally, and is actually poised to get stronger from here 🙏️