• Toshi’s price surged 130% after Coinbase listing news, but remains volatile.  
• Trading volume spiked 384%, signaling strong investor interest in Toshi.  
• Short positions face higher losses, reflecting Toshi’s high market risk. 

Toshi (TOSHI), a memecoin built on the Base network, experienced a significant rally, gaining over 130% in the last 24 hours after Coinbase revealed plans to include the token in its future listing roadmap.

Assets added to the roadmap today: Toshi (TOSHI) https://t.co/rRB9d3hSr2

— Coinbase Assets 🛡️ (@CoinbaseAssets) January 14, 2025

Despite the recent spike, market data shows that Toshi’s performance remains unpredictable, reflecting the volatile nature of the cryptocurrency market.

Trading Volume and Market Cap Fluctuations

In early 2024, Toshi’s market cap peaked at $73.66 million before dipping to $51.36 million in subsequent months. However, as market conditions improved, the token rebounded, achieving a market cap of $75.62 million by 2025.

Source: X

Toshi’s price has demonstrated similar volatility. Over the last 24 hours, its value surged by 66.68%, reaching $0.0002378, while trading volume skyrocketed by 384.30%, totaling $50.5 million. With a circulating supply of 408.06 billion tokens from a total of 420.69 billion, the token’s high availability contributes to its price swings.

Liquidation Trends and Market Sentiment

The surge in Toshi’s price and trading activity was accompanied by significant liquidation movements and open interest growth. The trading volume for Toshi/USDT rose by 1,655.28%, hitting $7.41 million, while open interest increased by 102.12% to $317.14K.

Liquidation trends further highlight the token’s market volatility. Over the past day, short positions faced losses of $68.20K, compared to $58.72K for long positions.

Source: Coinglass

Within the last hour, total liquidations reached $5.40K, with shorts taking a greater hit ($5.30K) than longs ($105.34). These figures underscore the high-risk environment surrounding Toshi’s market, with price fluctuations heavily impacting traders.

Related: TOSHI Listed on KuCoin: Spot Trading Begins With Prizes