Media right this moment dropped greater than 60% after Coinbase formally delisted tokens from all platforms.
Media Community (Media) sank to one thing as little as $1.68 on April 16, lowering its market capitalization from over $1 million to round $430,000. Additionally, buying and selling volumes have plummeted almost 85% within the final 24 hours as customers rush to depart.
Coinbase pulled out the plug within the media round 2pm on April 15, 2025, and suspended buying and selling throughout a number of providers, together with Coinbase.com (each easy and superior buying and selling), Coinbase Trade and Coinbase Prime. Customers can’t alternate media in Coinbase, however they’ll withdraw tokens to an exterior pockets.
According to For Coinbase, delisting adopted a routine asset assessment geared toward guaranteeing that every one tokens meet their itemizing standards. Though no particular cause was given, initiatives are sometimes delisted as a result of decrease buying and selling actions, slower improvement, or attainable regulatory issues.
Coinbase first announcement The media is scheduled to drop on April 1st, and tokens have since dropped by 84.5%. From an all-time excessive of $312.25, the media misplaced greater than 99% of its worth per Coingecko.
Moreover, the dearth of progress within the mission additionally raised a pink flag. Its official X account @media_fdn has been inactive since August 2024 and has not had any significant updates relating to the launch of the Media Community Mainnet for almost a 12 months.
Media participated in Base in March 2024, however the builders did not share developments and have interaction with the neighborhood. Irritated customers have criticized the crew for disappearing after its launch, with many criticizing the extended silence over the token’s downfall.
However, like Coinbase, it is not simply tokens affected by latest listings. Paused transactions All Memecoin, which was a day in the past, particularly for New York residents, was an enormous success following final 12 months’s election victory in Donald Trump.
These listings come at a time of uncertainty available in the market. Trump’s new tariff insurance policies on key buying and selling companions elevate fears concerning the world commerce battle, lowering cautious investor habits and liquidity in each crypto and conventional markets.
What’s a media community?
Launched in 2021, Media Community was a blockchain-based mission geared toward decentralizing the way in which on-line content material is delivered. Customers can share web bandwidth in alternate for media tokens and create open peer-to-peer methods for content material supply.
The mission was reportedly supported by Alameda Analysis, a crypto buying and selling firm based by Sam Bankman-Fried. According to To Crypto Funding Tracker Platform Chain Dealer. Alameda is the one exchange-traded investor, supporting a $1 million public token sale at $10 per million token on Raydium’s Acceleraytor platform.
All public sale tokens have been unlocked at launch, whereas crew and advisor tokens had an 18-month lockup, then regularly launched.
