$FLOKI Dear Vikings!

We have learned about the rumors regarding "Coinbase delisting FLOKI."

First of all, this is not true!

Coinbase will not delist FLOKI. Instead, Coinbase is simply halting trading in New York, which some sources say accounts for only 2-5% of Coinbase's total trading volume at most. It is also worth noting that Floki remains one of the largest traded memecoins in the world, while Coinbase as a whole accounts for about 1% of Floki's total volume on average each day... Therefore, even if Floki were to be delisted from Coinbase, which is not the case here, the loss in trading volume would still be negligible compared to Floki's overall trading volume.

While we cherish and value every listing of Floki in important jurisdictions, it is important to understand that these listings are just one factor in helping to accelerate the adoption of cryptocurrency projects and ecosystems, and often the least significant factor: cryptocurrencies were originally designed to be decentralized and not reliant on centralized exchanges and gatekeepers.

We have reached out to Coinbase and our legal team to obtain more information about the listings and the overall situation regarding New York's crypto policies on memecoins, and if there is any new information that allows us to share, we will communicate it.

That being said, I want to emphasize that Coinbase halting trading of FLOKI and some other memecoins in New York is likely due to New York's very strict and authoritarian anti-crypto regulations. Coinbase has listed only 6 memecoins in this cycle in New York: BONK, PEPE, WIF, FLOKI, TURBO, and GIGA.

These three memecoins that were listed in New York 1.5 months ago on the same date/time are now going to stop trading in New York, so this seems more like a general cryptocurrency/memecoin policy issue in New York rather than a problem specific to Floki.

We have also been closely monitoring the reactions, and it is clear that many people in New York are dissatisfied with the overall attitude towards cryptocurrency there, which I believe is important context to add here.