Coinbase International Exchange has recently announced the launch of full trading mode for Shiba Inu, FLOKI, and BONK on its platform. This news has sparked optimism among investors, coming right after the exchange introduced these meme coins in post-only mode. The announcement also comes amid a sluggish trading scenario in the broader crypto market, but it is anticipated that this development will likely raise hopes for a potential price recovery.

Coinbase's move to enable full trading for these meme coins marks a significant step. Previously available in post-only mode, Shiba Inu, FLOKI, and BONK can now be traded with limit, market, stop, and stop-limit orders. This transition indicates a growing demand for these digital assets on Coinbase International Exchange and Coinbase Advanced.

The anticipation had already been building after Coinbase revealed plans to roll out perpetual futures contracts for these meme coins. On May 23, the crypto exchange announced that Bonk, FLOKI, and Shiba Inu perpetual futures would be listed on its platform. This support for additional meme coins signifies the increasing popularity and trading volume of these assets on Coinbase.

Despite the sluggish trading in the broader crypto market and the meme coin sector, positive announcements from major exchanges like Coinbase often lead to price surges. The listing on Coinbase platforms is expected to be a significant catalyst for an uptrend in Bonk, FLOKI, and Shiba Inu prices.

The market reaction to Coinbase's announcement was not immediate, but the potential for a rally remains high. Historical trends show that such listings can lead to substantial price increases. Considering that, investors are now hoping for a similar momentum shift for Shiba Inu, FLOKI, and BONK.

However, despite the announcement, the prices traded in the red today. As of writing, Shiba Inu price traded at $0.00002612, down 4.15% from yesterday, with its trading volume dropping 39% to $1.46 billion. Simultaneously, BONK price plunged more than 16% to $0.00003308, reflecting the gloomy sentiment hovering over the market. FLOKI price also witnessed a similar scenario, losing nearly 12% in the last 24 hours to $0.0002449 during writing.