In a surprise announcement, Coinbase, the leading digital currency exchange, revealed the listing of the Base ecosystem’s AI Agent token, known as CLANKER. The result has been a meteoric rise in value for the token, which has seen its market value skyrocket beyond $60 million. The price per token has risen to $62.70, marking an impressive 74% increase in under a day.
The token continued to show a bullish trend with its price trading at $63.76 at the time of writing, reflecting a 59.95% surge within the past 24 hours. The market cap has followed suit, expanding by 60.08% to reach a solid $63.76 million, according to data from Coinmarketcap.
The robust growth can be attributed to the 24-hour trading volume of CLANKER, which stands at $22.68 million, a surge of over 275%. The contract address for the token (CLANKER) is 0x1bc0c42215582d5a085795f4badbac3ff36d1bcb.
Coinbase’s decision to list CLANKER has drawn a mixed response from the crypto community. Critics questioned the decision, while proponents have defended the move. One user, known as @TalkingDoggo, drew attention to the sizeable community supporting the Base ecosystem. “Despite the surprise, there is a significant community behind these builders within the Base ecosystem. Both the Base team and the community have shown support for this development. Jesse and others have openly stated their backing for good actors in the space, and while some continue to express shock, it’s clear that the growth of CLANKER is not entirely unexpected. GOOD BUILDERS DESERVE RECOGNITION,” they tweeted.
In addition to CLANKER, Coinbase also announced the listing of two more tokens. Bittensor (TAO) on the Bittensor network, and Pyth Network (PYTH) on the Solana network, will also be listed on the exchange. Trading for these tokens is set to commence on February 20, 2025, at 9 AM Pacific Time or later, provided liquidity conditions are met.
The sudden surge in the price of the AI Agent token, CLANKER, is a testament to the influence of big-name exchanges like Coinbase on the crypto market. For many, this development is a welcome recognition of the Base ecosystem and the innovation it represents. For others, it’s a controversial decision that has sparked debate within the community. Regardless, this latest development in the digital currency world underscores the growing acceptance and mainstream adoption of cryptocurrencies.
