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Coinbase's recent move has attracted widespread attention in the crypto world. This well-known exchange announced that it will launch a Token named Useless Coin (USELESS) on the Solana network. This news is surprising because Coinbase chose a Token with such a straightforward name.
The trading is expected to start after 9 AM Pacific Time on August 20, provided that liquidity conditions are met. This decision seems to imply that the Solana ecosystem will receive more support soon, while also reflecting the current market's continued enthusiasm for meme coins.
Combining the recent comprehensive support of the decentralized exchange (DEX) for the Base network, along with Coinbase's apparent intention to expand into the Solana ecosystem, this could be a strategic move to attract new users.
Industry insiders speculate that this move may trigger a surge of small tokens in the Solana ecosystem. If the trading volume of USELESS suddenly spikes in the coming week, it could become a dark horse in the market. However, investors should remain cautious and closely monitor liquidity conditions to avoid blindly following the trend and investing their entire capital.
Coinbase's recent move not only showcases its innovative spirit but also reflects the volatility of the crypto assets market. Regardless of how USELESS ultimately develops, this undoubtedly brings new discussion topics to the entire industry.