Coinbase Introduces Aethir, Sparking 8% Price Surge

Coinbase has officially listed Aethir, the decentralized Physical Infrastructure Network (DePIN) focused on GPU-as-a-service, which has resulted in an 8% increase in the token's price, ATH. Despite the event, the general market sentiment remains bearish, highlighting the challenges that lie ahead.

Previously, Coinbase bypassed the opportunity to list Aethir in June 2024, during which the token experienced considerable fluctuations, peaking and then crashing multiple times. Aethir's price had reached a plateau over the last month, indicating that gaining momentum in the current market landscape might prove difficult.

Coinbase Lists Aethir Amid Stagnation

Aethir, the DePIN “GPU-as-a-service” platform, has not been making headlines recently, despite forming significant partnerships in the past few months. Today, however, Coinbase took to social media to announce the addition of Aethir’s ATH token to its platform, generating renewed interest from the community.

“Coinbase will add support for Aethir (ATH) on the Ethereum (ERC-20 token) network. Trading will begin on or after 9 AM PT on 13 March 2025, contingent on meeting liquidity requirements. Once a sufficient supply of this asset is established, trading on our ATH-USD trading pair will commence in phases,” revealed the exchange.

Although Coinbase is one of the largest crypto exchanges globally, it has fallen behind other platforms in recognizing Aethir's potential. In June 2024, several exchanges added the ATH token, yet Coinbase and Binance were notably absent from that list. Notably, the DePIN sector has seen substantial growth, with revenues skyrocketing over 100 times throughout 2024. The industry is making promising strides in 2025, which could indicate an improving environment for Aethir.

The “Coinbase Effect” typically boosts token values significantly upon listing. Following this trend, Aethir has indeed seen an 8% jump post-announcement. After over a month of stagnation, this uplift might be just what the token needs to regain some bullish momentum.

Nevertheless, Coinbase’s listing is not a panacea for Aethir. After its previous March rejection, the token initially spiked before experiencing a drop. It was able to reach a new all-time high in December, but bearish trends have since impacted its performance. Aethir now requires a substantial influx of new interest to achieve a third recovery, an attainable goal if the right conditions are met.