Crypto exchange Coinbase is a Solana-based (SOL) altcoin He announced that he would officially list . The altcoin started to rise immediately after this development.
Coinbase launches Hivemapper, a decentralized global mapping network built on the Solana blockchain.HONEY) announced earlier this week that it would support announced.
Hivemapper, which describes itself as a revolutionary mapping tool, works by users driving around and collecting data using simple dashcams. The data will then be used to create a global decentralized map, and those involved in collecting the data will earn monetary rewards for their efforts.
The announcement by Coinbase caused the virtual currency to rise to a price of $0.337 on January 17. However, the asset has since pulled back. At press time, it is trading at $0.30, with an additional 5% drop in the last 24 hours.
Earlier this year, Coinbase crypto- announced that it would add Hivemapper, which the exchange uses to increase transparency with traders and counter front-running of digital assets, to its listing roadmap.
At that time, HONEY made a staggering 85% jump, going from $0.129 to $0.232 in just 24 hours.
You can access current market movements here.