CLANKER Token Jumps 90% After Coinbase Adds It to Roadmap
In Brief
- Coinbase’s addition of TokenBot (CLANKER) to its roadmap sparked a 90% surge in its value, pushing its market cap from $35 million to $66 million.
- CLANKER’s platform, which allows creators to launch ERC-20 tokens on the Base blockchain, has seen significant adoption with over $1.5 billion in cumulative trading volume.
- With a 126% price increase in the past week, CLANKER outperformed both the global crypto market and other AI tokens, signaling strong investor confidence.
Coinbase has officially included TokenBot (CLANKER) in its roadmap. This move resulted in a notable 90% increase in the token’s value.
The announcement follows the exchange’s recent listing of Bittensor (TAO), which also experienced significant double-digit gains.
CLANKER Joins Coinbase Roadmap
CLANKER joins other assets like QCAD (QCAD), Morpho Token (MORPHO), and Pyth Network (PYTH) on Coinbase’s roadmap.
Despite its relatively small market cap, this addition is a major milestone for the token. According to Coinbase’s official Asset Listings guidelines, all tokens listed on the platform must adhere to a comprehensive set of legal, compliance, and technical security standards.
The standards ensure that only assets with proper infrastructure and sound practices are made available to Coinbase users.
“These standards do not take into account the market cap or popularity of a project,” the exchange noted in a blog post.
Meanwhile, valued at just $35 million prior to the news, CLANKER’s market capitalization surged to $66 million following Coinbase’s announcement. In fact, the token also became the top gainer among artificial intelligence (AI) coins, registering a remarkable 90% increase in the past 24 hours. At press time, CLANKER was trading at $66.
According to CoinGecko, the token’s price increased by 125% over the last seven days, significantly outperforming the global cryptocurrency market, which rose by only 0.4%.
Additionally, CLANKER outpaced other AI-related cryptocurrencies, which saw an average decline of -3.7% during the same period.
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Beyond just price action, the CLANKER token’s platform itself is also gaining traction. For context, Clanker enables creators to deploy and manage their own tokens on the Base blockchain, specifically utilizing ERC-20 tokens.
The platform incentivizes creators by rewarding them based on the trading volume of their issued tokens. It functions similarly to Pump.fun, offering streamlined token creation and management.
Data from Dune Analytics shows that the platform has seen substantial engagement. At press time, the cumulative volume of tokens on Clanker stood at $1.5 billion. Additionally, the platform has attracted a total of 131,356 traders, highlighting its growing adoption and market activity.
