Aethir Token Surges 8% After Coinbase Listing

Coinbase, a leading cryptocurrency exchange, has announced the listing of Aethir (ATH), a DePIN “GPU-as-a-service” network. This decision has sparked an 8% price surge in the ATH token, reflecting renewed investor interest in the project. The listing comes at a time when the broader market conditions appear bearish, but the DePIN industry has shown resilience and growth.

Coinbase's decision to list Aethir marks a significant milestone for the project, which has seen its fair share of ups and downs. In June 2024, Coinbase initially passed on the opportunity to list ATH, and the token experienced two significant peaks and crashes since then. Despite these fluctuations, Aethir's price has remained relatively stagnant for over a month, making it challenging to build strong momentum in the current market environment.

Coinbase's announcement to support Aethir on the Ethereum (ERC-20 token) network has been met with enthusiasm. Trading for ATH is set to begin on or after 9 AM PT on March 13, 2025, provided liquidity conditions are met. The exchange will launch the ATH-USD trading pair in phases once sufficient supply is established. This move by Coinbase is part of a broader trend where token projects often see substantial price jumps after being listed on the exchange, a phenomenon known as the "Coinbase Effect."

Despite the positive impact of the listing, Aethir faces challenges ahead. After Coinbase's initial refusal to list the token in 2024, ATH experienced a spike the following month, only to crash shortly after. The token managed to rebuild momentum and reach a new all-time high in December, but bearish market conditions have since taken their toll. For Aethir to rebound a third time, it will need fresh interest and support from the market.

The DePIN industry, which Aethir is a part of, has shown remarkable growth. Revenues in this sector grew over 100x in 2024, and the industry continues to make advancements in 2025. This growth suggests that market conditions may be more favorable for Aethir now compared to previous periods. However, the token will need to navigate the current bearish market conditions to achieve sustained growth.

In summary, Coinbase's listing of Aethir has provided a much-needed boost to the token's price, but the project still faces significant challenges. The DePIN industry's growth and the potential for renewed investor interest offer hope for Aethir's future, but the token will need to overcome the current market conditions to achieve sustained success.