- Runestone founder Leonidas wrote an open letter to Coinbase crypto alternate.
- Leonidas questioned the standing of the DOG meme coin inclusion request.
- Leonidas requested Coinbase to implement a “honest itemizing course of”.
Leonidas, the founding father of the Bitcoin (BTC) Runestone protocol and host of The Ordinal Present, revealed an open letter on X (previously Twitter) to the main US crypto alternate Coinbase concerning the transparency and equity of the DOG meme coin itemizing. .
In X's submit, Leonidas defined that the letter additionally addresses “broader considerations within the cryptocurrency area concerning transparency and honest itemizing practices for non-utility tokens (memecoins).
On November 2, Coinbase founder Brian Armstrong claimed in an X submit that his crypto alternate presents free listings and requested initiatives in search of itemizing to “write a observe.” Taking this to coronary heart, Leonidas stated that the Coinbase staff has not responded concerning DOG's inclusion, regardless of the staff's efforts to work with them.
A name for fairer presents
Leonidas requested Coinbase and CEO and co-founder Armstrong to alter their itemizing insurance policies to accommodate “decentralized and pretty distributed memecoin communities,” including:
Additionally Learn: Coinbase CLO Urges Professional-Crypto SEC Reform After Trump's Presidential Victory
Mr. Armstrong's public name for functions and “drop us a observe” invitation, even after our initially unsuccessful earlier makes an attempt, encourages the $DOG Military to repeat our request to be included within the $DOG providing.
In response to Leonidas, the dearth of transparency has “inadvertently favored the venture-backed memecoins” that insiders of those initiatives typically expose to retail traders. Runestone's founder desires Coinbase to create a “honest itemizing course of” to handle such points.
Evaluation of canine
DOG is buying and selling at $0.004186 on the time of writing, down 7.67% within the final 24 hours with a quantity of $13.66 million. It’s ranked because the 211th largest digital asset by market capitalization based on information from CoinMarketCap. During the last 30 days, DOG rose by 9.06%, whereas within the final week, DOG crashed by 3.34%.
The chart above from TradingView confirms that the Relative Power Index (RSI) is at 48.02, which signifies that bears are at the moment controlling the value motion of DOG, and the slope of the road means that decrease costs are potential for meme cash. within the brief time period.
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