← Back to Events
$PNUT listed on Coinbase in 2024?
This market will resolve to "Yes" if the crypto token Peanut the Squirrel ($PNUT) is listed for spot purchase on Coinbase by December 31, 2024, 11:59 PM ET. Otherwise, this market will resolve to "No". The primary resolution source for this market will be Coinbase however a consensus of credible reporting will also be used.
Event Details
Total Volume: $32.2K
24h Volume: $2.1K
Total Liquidity: $674
Markets: 1
Event Ends: 12/31/2024
Event Analysis
Summary
The prediction market focuses on whether Peanut the Squirrel ($PNUT), a viral memecoin that gained significant attention following a tragic incident involving a pet squirrel, will be listed on Coinbase by December 31, 2024. The token has already achieved notable success, having been listed on major exchanges like Binance and OKX, where it saw dramatic price increases and substantial trading volumes.
The key consideration centers around Coinbase's listing criteria and strategy, particularly in the context of increasing regulatory scrutiny and the exchange's focus on institutional credibility. While $PNUT has demonstrated strong market performance and community engagement, Coinbase has historically been more selective with token listings compared to competitors like Binance, especially regarding memecoins.
Analysis
Economic and Market Context
- Cryptocurrency market showing signs of recovery in 2024
- Institutional adoption increasing with potential Bitcoin ETF approvals
- Regulatory environment becoming clearer but still challenging for exchanges
Analysis of Potential Outcomes
Yes (23.5% Current Market Probability)
Supportive factors:
- Successfully listed on major exchanges including Binance and OKX
- Strong trading volumes and market cap ($450M+)
- Viral community engagement and emotional connection
- Precedent of Coinbase listing other meme tokens
Challenges:
- Coinbase's historically conservative listing approach
- Regulatory concerns around memecoins
- Limited utility beyond speculative trading
No (76.5% Current Market Probability)
Supportive factors:
- Coinbase's focus on institutional credibility
- Regulatory scrutiny of meme tokens
- Limited time remaining in 2024
- No indication from Coinbase about potential listing
Key Factors to Watch
- Regulatory Developments
- SEC stance on meme tokens
- Coinbase's ongoing regulatory compliance efforts
- Market Performance
- Sustained trading volume on existing exchanges
- Price stability and market cap maintenance
- Community growth and engagement
- Coinbase Signals
- Changes in listing criteria
- Public statements about meme tokens
- Similar token listings
Recent Developments
- Successful listing on Binance with 332% price increase
- Market cap reaching ~$450M
- Strong community engagement and viral presence
- Coinbase's increased political engagement for crypto-friendly regulation
Prediction
Based on the available evidence, I predict that $PNUT has a 30% chance of being listed on Coinbase by December 31, 2024. While the token has shown impressive market performance and achieved listings on other major exchanges, Coinbase's conservative approach to listings and focus on institutional credibility make a listing less likely. However, the strong community engagement and successful track record on other exchanges provide a meaningful chance of listing.
$PNUT listed on Coinbase in 2024?
Yes:30.0%
No:70.0%
Confidence: 7/10
Reasoning Score: 8/10
Sources
- https://crypto.news/pnut-rises-nearly-9-after-debut-on-okx-platform/
- https://cryptobriefing.com/solana-meme-coin-surge-binance/
- https://cointelegraph.com/news/viral-squirrel-peanut-triggers-solana-memecoin-frenzy
- https://www.coinbase.com/institutional/research-insights/research/market-intelligence/2024-crypto-market-outlook