MEDIA Token Plummets 60% After Brutal Coinbase Delisting

Holy smokes, the MEDIA token just got hammered! It crashed over 60% today after Coinbase yanked it from all their platforms. It's a bloodbath out there!

Media Network (MEDIA) tanked to a low of $1.68 on April 16, slashing its market cap from over $1 million to a measly $430,000. Trading volume? It nosedived nearly 85% in the last 24 hours as panicked users scrambled to bail out.

Coinbase pulled the trigger on MEDIA on April 15, 2025, at around 2:00 PM ET, killing trading across their services - Coinbase.com (Simple and Advanced Trade), Coinbase Exchange, and Coinbase Prime. You can't trade MEDIA on Coinbase anymore, but hey, you can still yank your tokens out to external wallets.

So why'd Coinbase give MEDIA the boot? They said it was part of their routine asset review to make sure all tokens meet their standards. No specific reason was spilled, but usually, projects get the axe for being dead in the water, slow on development, or raising regulatory eyebrows.

Coinbase first dropped the bomb about ditching MEDIA on April 1, and since then, the token's taken an 84.5% nosedive. From its all-time high of $312.25, MEDIA's lost over 99% of its value. Ouch!

And get this, the project's been radio silent. Their official X account, @Media_FDN, hasn't tweeted since August 2024, and there's been zilch on the Media Network mainnet launch for almost a year.

MEDIA launched on Base in March 2024, but the devs have ghosted everyone since. No updates, no engagement with the community. Users are fuming, blaming the team's vanishing act for the token's nosedive.

"a whole year and zero updates on anything...im about to dump this trash scam"

But wait, MEDIA's not the only one feeling the heat. Coinbase also iced trading for Floki, GIGA, and Turbo a day earlier, just for New Yorkers. These memecoins had been riding high after Trump's election win last year.

These delistings are hitting during a wild time in the market. Trump's new tariff policies are scaring investors about a global trade war, making everyone cautious and sucking liquidity out of both crypto and traditional markets.

What is Media Network?

Media Network was this blockchain project that kicked off in 2021, trying to shake up how content gets delivered online. The idea was to let users share their internet bandwidth for MEDIA tokens, building this open, peer-to-peer content delivery system.

Rumor has it, now-defunct Alameda Research, Sam Bankman-Fried's trading firm, backed the project. They were the only investor listed on ChainBroker, throwing $1 million into a public token sale on Raydium's AcceleRaytor at $10 a pop.

All the public sale tokens were unleashed at launch, while the team and advisors' tokens were locked up for 18 months before being slowly released.