Media Network Token Value Plummets After Coinbase Listing Removal

Media Network (MEDIA) experienced a significant decline in value, dropping to just $1.58 on April 16th following Coinbase’s decision to delist the token. This marked a drastic reduction of its market capitalization from over $1 million to approximately $430,000 within a single day as trading volume collapsed by 85%. Coinbase’s official announcement explained that the delisting was driven by an asset review process aimed at ensuring all tokens maintained listing standards. While the exchange did not provide specific reasoning for MEDIA’s removal, such decisions are often linked to low trading activity, lack of development, or potential regulatory concerns.