Coinbase is listing Aethir, the DePIN “GPU-as-a-service” network, prompting an 8% price spike in its ATH token. The DePIN industry is performing generally well, but broader market conditions look bearish.
Coinbase passed up the chance to list ATH in June 2024, and the token has peaked and crashed two times since. Aethir’s price has been stagnant for over a month, and it may be difficult to build strong momentum in this environment.
Coinbase Lists Aethir During Stagnation Period
Aethir, the DePIN “GPU-as-a-service” network, has been relatively quiet recently. It has conducted a couple of major partnerships in the last few months but hasn’t made too many headlines otherwise. Today, however, Coinbase announced that it’s listing Aethir’s ATH token, causing a burst of new enthusiasm.
“Coinbase will add support for Aethir (ATH) on the Ethereum (ERC-20 token) network. Trading will begin on or after 9AM PT on 13 March, 2025 if liquidity conditions are met. Once sufficient supply of this asset is established trading on our ATH-USD trading pair will launch in phases,” the exchange claimed via social media.
Coinbase, one of the world’s leading crypto exchanges, is a little behind the curve on listing Aethir. Last June, 16 centralized exchanges listed the ATH token, but Coinbase and Binance didn’t go for it. DePIN revenues grew over 100x in 2024, however, and the industry has continued making advancements in 2025. Market conditions may be more favorable now.
Thanks to the “Coinbase Effect,” token projects typically see massive jumps after they get listed on the exchange. Aethir has also benefitted from this, jumping over 8% after Coinbase made the announcement. ATH’s price has stagnated for a little over a month, and a bit of bullish momentum could help it grow again.
Still, Coinbase won’t solve all of Aethir’s problems. After the exchange refused to list it in 2024, it spiked the following month before leading to a crash.
It rebuilt this momentum to reach a new all-time high in December, but bearish market conditions have taken their toll. Aethir will need a lot of fresh interest to rebound a third time, but it’s an achievable goal.
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