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.