Solana tokens, Shadow Token (SHDW) and Neon (NEON), have seen a significant increase in value in the past 24 hours, with SHDW surging over 50% and NEON adding more than 21%. These tokens are part of the growing Solana ecosystem, which is experiencing rapid growth.
At the time of writing, SHDW was trading at $2.09, slightly lower than its daily high of $2.49. Meanwhile, NEON was priced at $1.78, after reaching a high of $1.96 earlier in the day.
The surge in value can be attributed to the recent announcement by Coinbase, a leading US-based crypto exchange, that it will be listing SHDW and NEON on its platform. This news has created a buzz in the market, driving up the demand for these tokens.
While an official announcement is yet to be made, Coinbase has confirmed its plans to list SHDW and NEON. SHDW is the native token of Shadow, a decentralized physical infrastructure network that offers blockchain-based storage and compute capabilities. NEON, on the other hand, is the utility token of Neon EVM, a platform that allows developers to build and deploy Ethereum-native decentralized applications on Solana.
In addition to the listing news, SHDW and NEON also benefited from the overall bullish trend in the market. As more investors flock to the crypto space, the demand for Solana-based tokens is expected to increase, further driving up the value of SHDW and NEON.
As of now, SHDW and NEON have not been officially listed on Coinbase. However, their addition to the exchange’s listing roadmap is a promising sign for the future of these tokens. Investors and traders will be closely monitoring the developments and announcements from Coinbase regarding the listing of SHDW and NEON.
