- Layer 3 (L3), Altlayer (ALT), and Pendle (PENDLE) experienced significant price spikes following Coinbase's announcement of their upcoming listing as ERC-20 tokens.
- Transfers for these assets are now available on Coinbase platforms in supported regions, with users cautioned against sending tokens over other networks to avoid potential fund loss.
- Trading for ALT-USD, PENDLE-USD, and L3-USD pairs is scheduled to begin on or after March 27, 2025, at 9 AM PT, subject to meeting liquidity conditions.
- The listing announcement has triggered strong buying interest from traders anticipating increased trading volumes and liquidity, with newly listed Coinbase tokens historically showing heightened volatility.
Date: Wed, March 26, 2025 | 06:20 PM GMT
The cryptocurrency market is witnessing a surge in select altcoins as Layer 3 (L3), Altlayer (ALT), and Pendle (PENDLE) experience significant price spikes in last hour. The sharp upward movement comes on the heels of a major exchange listing announcement, drawing renewed investor interest in these tokens.
Coinbase Listing Triggers Price Rally
The sudden price momentum in these tokens follows Coinbase’s latest announcement regarding the addition of Altlayer (ALT), Pendle (PENDLE), and Layer 3 (L3) on the Ethereum network (ERC-20 Token).
Coinbase stated that transfers for these assets are now available on both @Coinbase and @CoinbaseExch in regions where trading is supported. However, users are cautioned not to send these tokens over other networks, as funds may be lost.
Trading to Begin on March 27, 2025
According to Coinbase, trading for these assets is set to commence on or after 9 AM PT on March 27, 2025, provided that liquidity conditions are met. Once sufficient supply is established, the ALT-USD, PENDLE-USD, and L3-USD trading pairs will be launched in phases.
However, the exchange also clarified that support for ALT, PENDLE, and L3 may be restricted in certain jurisdictions, depending on regulatory requirements.
Market Reaction and Investor Sentiment
The announcement has ignited strong buying interest in these tokens, as traders anticipate higher trading volumes and liquidity once trading begins. Listings on major exchanges like Coinbase often drive short-term price surges due to increased accessibility and exposure.
Historically, newly listed tokens on Coinbase tend to experience heightened volatility in the days following their debut, as both retail and institutional investors rush to capitalize on the momentum.
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