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 according to some sources, 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 averages about 1% of Floki's total volume daily... Therefore, even if Floki were truly delisted from Coinbase, which is not the case here, the loss of trading volume would still be negligible compared to Floki's overall trading volume.

While we cherish and value every Floki listing within important jurisdictions, it is essential to note that these listings are merely one factor that helps accelerate the adoption of cryptocurrency projects and ecosystems, and often the smallest factor: cryptocurrencies were initially designed to be decentralized, not relying on centralized exchanges and gatekeepers.

We have contacted Coinbase and our legal team for more information regarding the listings and the overall status of New York's cryptocurrency policy on memecoins, and if any new information 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 only listed 6 memecoins in New York this cycle: BONK, PEPE, WIF, FLOKI, TURBO, and GIGA.

Among these memecoins, BONK, PEPE, and WIF were listed in New York last year, while FLOKI, TURBO, and GIGA were listed at the same time/date 1.5 months ago (announcement: https://x.com/CoinbaseAssets/status/1885069348714185187).

These three memecoins listed in New York at the same date/time 1.5 months ago will now stop trading in New York, so this seems more like a general cryptocurrency/memecoin policy issue in New York rather than a Floki-specific issue.

We have also been closely monitoring the reactions, and it is evident that many people in New York are not satisfied with the overall attitude towards cryptocurrency there, which I believe is important context to add here.