Media Network Token Plunges After Coinbase Delisting
Media Network (MEDIA) suffered a massive drop, losing over 60% of its value. This plunge happened after Coinbase removed the token from its platforms on April 15, 2025. The price fell to $1.68, shrinking its market cap to around $430,000. Trading volume also fell by nearly 85% as users quickly sold off their holdings.
Coinbase halted MEDIA trading on April 15 at 2:00 PM ET. The delisting affected multiple Coinbase services,including Coinbase.com adn Coinbase Exchange. Users can no longer trade MEDIA on Coinbase but can still withdraw it to external wallets.
The delisting came after a routine asset review. Coinbase ensures all tokens meet its standards. No specific reason was given, but low activity or regulatory concerns might be factors. Since the delisting proclamation on April 1, the token has lost 84.5% of its value. From its peak of $312.25, MEDIA has lost more than 99% of its value. The projectS inactivity raised red flags. The official X account has been silent since August 2024. Developers have not shared updates on the mainnet launch for almost a year. This lack of progress frustrated users, who blamed the team for disappearing post-launch.
Media Network aimed to decentralize online content delivery.It lets users share bandwidth for tokens. Alameda Research, now defunct, backed the project. The team’s silence and lack of updates contributed to the token’s downfall. Users criticized the team for disappearing after launch.
Other tokens like Floki, GIGA, and Turbo were also suspended for New York State residents. These delistings occurred during a shaky market period. Trump’s tariff policies added to investor caution.
launched in 2021, Media Network aimed to create a peer-to-peer content delivery system.The project was supported by Alameda Research. The token’s value dropped significantly, leading to user frustration. The market’s cautious behaviour and shrinking liquidity added to the token’s troubles. The project’s future remains uncertain as the crypto market faces challenges.
- Coinbase delisted MEDIA due to low activity or regulatory concerns.
- Users can no longer trade MEDIA on Coinbase but can withdraw tokens.
- Trump’s tariff policies raised fears of a global trade war,impacting both crypto and traditional markets.
For more details, visit CoinGecko for updates.
