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Coinbase Bans FLOKI, GIGA, And TURBO Memecoins Trading In New York

  • Coinbase is banning the trading of FLOKI, GIGA, and TURBO memecoins in New York.
  • The decision was made after Coinbase's regular review procedure and could be influenced by ongoing legal issues in New York.
  • Memecoins are gaining traction in the crypto market, but their prices are known to be influenced by the 'Coinbase Effect.'
  • Pump.fun, a platform built on Solana, is facing a decline in its memecoin graduation rate, reflecting diminishing interest in the industry.

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