- Solana tokens Shadow Token and Neon rose sharply on Wednesday, reaching intraday highs of $2.49 and $1.96 respectively.
- Coinbase announced it will add SHDW and NEON to its listing roadmap.
Solana tokens Shadow Token (SHDW) and Neon (NEON) posted significant gains over the past 24 hours. SHDW surged more than 50% while NEON climbed over 21% as renewed interest in the Solana ecosystem pushed prices higher.
At the time of writing, Shadow Token traded around $2.09, down from the intraday high of $2.49 reached earlier in the session.
NEON was trading near $1.78 after earlier touching $1.96 following news related to upcoming Coinbase listings.
Coinbase adds SHDW and NEON to listing roadmap
Coinbase, a leading U.S.-based cryptocurrency exchange, has added two Solana-based tokens—Shadow Token (SHDW) and Neon EVM (NEON)—to its public listing roadmap. This update signals the exchange’s intent to pursue formal listings for both tokens, though an official live-listing announcement and exact trading dates have not yet been released.
Assets added to the roadmap today: Shadow Token (SHDW) and Neon EVM (NEON)
— Coinbase Assets 🛡️ (@CoinbaseAssets) March 27, 2024
The roadmap addition reflects Coinbase’s transparency around new asset considerations and often influences market activity as traders anticipate wider exchange access and increased liquidity.
Shadow Token (SHDW) is the native utility token of Shadow, a decentralized physical infrastructure network (dePIN) that offers blockchain-based storage and compute services. SHDW is used to pay for services within the Shadow ecosystem, including decentralized data storage and compute resources.
NEON is the utility token for the Neon EVM platform, which enables developers to run Ethereum Virtual Machine (EVM)-compatible decentralized applications (dApps) on Solana. By bridging EVM compatibility with Solana’s performance and low fees, Neon aims to attract Ethereum-native dApps and developers to the Solana ecosystem.
Market response to listing news is common in crypto markets. Inclusion on major exchanges like Coinbase can expand a token’s visibility, increase trading volume, and improve accessibility for investors. Still, actual listing dates and details—including which trading pairs will launch and whether tokens will be available to all jurisdictions—remain subject to Coinbase’s formal listing process and regulatory approvals.
As with any market move, investors should exercise caution, conduct independent research, and consider volatility risks before making investment decisions. The Coinbase roadmap update has clearly acted as a catalyst for SHDW and NEON’s recent price jumps, but future price action will depend on broader market conditions, listing confirmations, and adoption of the underlying projects.