Media Network (MEDIA) cryptocurrency crashed over 60% following its delisting from Coinbase, dropping to $1.68. This delisting was a part of standard asset reviews; the token has lost over 99% of its value from its peak due to inactivity from developers and failure to engage the community since launch. Other tokens have also faced delisting amid market instability over new trade policies.
The Media Network cryptocurrency (MEDIA) experienced a significant decline of over 60%, dropping to approximately $1.68 following its delisting from the Coinbase trading platform. This change reduced its market capitalisation from over $1 million to approximately $430,000, with trading volume plummeting by about 85% in the past 24 hours as traders sought to exit the market rapidly.
Coinbase initiated the delisting process on April 15, 2025, at 2:00 PM ET, ceasing trading across its various platforms including Coinbase.com, Coinbase Exchange, and Coinbase Prime. While trading is halted, users still have the option to withdraw their MEDIA tokens to external wallets. The decision for the delisting was part of a standard asset review to ensure compliance with Coinbase’s listing requirements.
Coinbase’s announcement on April 1 triggered an ongoing decline in MEDIA’s value, which fell 84.5% since that date. From its peak of $312.25, the asset has since lost over 99% of its value according to CoinGecko data. The lack of substantial project development and community engagement has provoked scrutiny, with the official X account @Media_FDN inactive since August 2024 and no significant updates about the mainnet launch for nearly a year.
Despite MEDIA’s launch on the Base platform in March 2024, developers have remained silent on further progress, leading to frustration among users who attribute the decline to this lack of communication. Alongside MEDIA, Coinbase has also suspended trading for other tokens such as Floki, GIGA, and Turbo, as part of recent delistings connected to market upheaval. These actions occur in a context of increased market caution due to potential global trade tensions stemming from new tariffs introduced by former President Trump.
Media Network, initiated in 2021, aimed to decentralise online content delivery by allowing users to share their internet bandwidth for MEDIA tokens. The project was backed by Alameda Research, which facilitated a $1 million public token sale through Raydium’s AcceleRaytor platform at a price of $10 per token, with the public sale tokens unlocking at launch and advisor tokens set to an 18-month release schedule.
