Coinbase Stock Eyes 10% Rebound, Thanks To Meme Coins, BASE

Coinbase stock (COIN) closed the last session at $303.58, up around 2% in the daily chart and 18% higher this year.

It’s trying to bounce after weeks of weak price moves. But there’s more going on than just a small recovery.

A new Coinbase update about meme coins and on-chain trading might be the key reason traders are getting interested again.

Meme Coins and BASE Tokens Now Reach Coinbase’s 8M Users

Coinbase recently made a big change. All tokens built on BASE, Coinbase’s own blockchain, can now be found and bought right inside the Coinbase app, even if they are not officially listed.

The BASE ecosystem is full of community tokens that move fast, and this update helps them reach a big audience quickly.Many traders online see this as Coinbase becoming more like a DEX, a decentralized exchange, where coins trend based on attention, not approval. A popular X post even said:

For Coinbase stock, this could mean higher user activity. Meme coins have been popular all year, and this update brings that trend closer to Coinbase’s 8 million users..