- Solana tokens Shadow Token and Neon soared on Wednesday, hitting highs of $2.49 and $1.96, respectively.
- Coinbase announced that it will list SHDW and NEON tokens.
Solana tokens Shadow Token (SHDW) and Neon (NEON) are among the tokens that have seen huge gains over the past 24 hours. SHDW soared more than 50% and NEON increased more than 21% as the Solana ecosystem continues to experience greater growth.
At the time of writing, the Shadow Token price is $2.09, slightly below the previously reached intraday high of $2.49.
Meanwhile, NEON changed hands at $1.78. The token had previously surged to a high of $1.96 as the market reacted to Coinbase-related news.
Coinbase plans to list SHDW and NEON
The leading US-based cryptocurrency exchange announced that two Solana-based tokens, Shadow Token and NEON EVM, have now been added to its listing roadmap. This is official communication from the Coinbase team announcing that they are planning to list a given token.
Assets added to the roadmap today: Shadow Token (SHDW) and Neon EVM (NEON) https://t.co/rRB9d3hSr2
— Coinbase Assets 🛡️📞 (@CoinbaseAssets) March 27, 2024
There has been no official announcement yet in this case. However, the exchange confirmed plans to list SHDW and NEON.
SHDW is the native utility token of Shadow, a decentralized physical infrastructure network (dePIN). The project provides blockchain-based storage and computing capabilities. SHDW powers this ecosystem, allowing users to pay for services including decentralized data storage and computing.
NEON is the utility token of the Neon EVM platform. Developers can build and deploy Ethereum-based decentralized applications (dApps) on Solana by leveraging the Ethereum Virtual Machine (EVM) compatible network.