Coinbase announced that Shadow Token (SHDW) and Neon EVM (NEON) are under consideration for listing on their platform. This news sent the prices of the two tokens rising up after they were listed on the exchange roadmap this Tuesday.
The exchange introduced its listing plan in 2022 with the intention of promoting transparency and discouraging investors from tampering with pricing through rumors of a listing.
Shadow Token (SHDW), a token designed for secure decentralized data storage, saw its price rise around 53% within 24 hours. At the time of writing, the token is trading at a price of $2.11.
This price increase comes alongside the launch of SHDW trading on Singapore’s Crypto.com exchange.
As for the other token, Neon EVM (NEON), which is considered a utility token that facilitates building applications on Solana, also saw an impressive price surge, with the token rising around 21.6% and currently trading at $1.70.
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