Toshi (TOSHI): a memcoin with real utility
Background and concept
Toshi (TOSHI) is a memcoin inspired by the cat of Coinbase cryptocurrency exchange co-founder Brian Armstrong and named after Satoshi Nakamoto, the creator of Bitcoin (BTC).
Memcoins such as Dogecoin and Shiba Inu were initially created as parodies of cryptocurrencies, but over time, some have gained significant popularity and market capitalization. Toshi follows this tradition by combining a humorous concept with fundamental tools and services for the crypto community.
Technology backbone and ecosystem
Toshi operates on the Base blockchain, a layer 2 solution to Ethereum. Base provides faster transaction speeds and reduced fees compared to the Ethereum core network, making it attractive to developers and users.
The Toshi ecosystem includes tools such as the ToshiSwap decentralized exchange (DEX) and the ToshiTools suite of DeFi tools, which consists of:
- Locker: this tool allows you to securely lock standard tokens, liquidity tokens, and V3 tokens. Locking assets serves as proof of security and stability for investors, increasing trust in projects.
- Multisender — simplifies bulk transactions by allowing developers to efficiently conduct airdrops, migrations, or presales by sending tokens to hundreds or thousands of addresses in a single transaction. This saves significant time and reduces gas costs.
- Token Launcher — facilitates creating and deploying new tokens, making it accessible even to those with limited programming knowledge. This helps accelerate the launch of new projects and expand Base's ecosystem.
- Launchpad streamlines the fundraising process by offering developers a safe and efficient platform to interact with investors. This builds trust and opens up new opportunities to invest in promising projects.
Transition to decentralized governance
Decentralized autonomous organizations (DAOs) are becoming increasingly popular in the crypto space, giving communities the ability to manage projects and allocate resources independently. The Toshi project is planning a transition to a decentralized organization called MeowDAO. This will allow token holders to participate in decision-making, fostering community engagement and transparent governance.
TOSHI tokenomics and market metrics
TOSHI has a total supply of 420.69 billion tokens, all of which are outstanding. As of January 29, 2025, TOSHI is priced at $0.00107041 and has a market capitalization of approximately $450 million.
The token has experienced significant growth in recent weeks, reaching an all-time high of $0.002273 on January 26, 2025, representing an increase of over 1000% in two weeks. However, after reaching an all-time high, the TOSHI price experienced a correction, declining more than 50% from the peak. Such volatility is typical for memcoins and emphasizes the need for a cautious approach when investing.
Growth factors and volatility
Some of the key factors that have contributed to TOSHI's growth include:
- Coinbase listing: The official addition of TOSHI to the Coinbase platform increased its visibility and investor confidence. After the official announcement on January 23, 2025, the token price reached an all-time high of $0.002273. In the week leading up to the listing, TOSHI saw an increase of over 200%.
- Memcoin popularity: in 2024, the memcoin market showed significant growth compared to 2023. According to the data, the total capitalization of memcoins more than doubled to $36.2 billion from $15.6 billion in the previous year. The general interest in memcoins in the crypto community has contributed to increased demand for tokens such as TOSHI.
- Community support and limited supply: an active community and a limited supply of tokens create a scarcity that contributes to price growth.