TLDR:
- Coinbase adds JitoSOL and MPLX to its Solana token offerings starting July 24.
- JitoSOL sees bullish sentiment but shows oversold signs post-announcement.
- MPLX gains attention from NFT growth, yet MACD signals remain bearish.
- Traders await volume confirmation despite social media excitement around the tokens.
Coinbase is expanding its Solana offerings again. The exchange will soon support Jito Staked SOL (JitoSOL) and Metaplex (MPLX).Â
Both tokens will be tradable from July 24, 2025, subject to liquidity. The market is already reacting, but not in one direction. While the announcement sparked buzz, price movements suggest uncertainty.
Coinbase Confirms Support for Two Solana-Based Tokens
According to Coinbase Assets, trading for JitoSOL and MPLX will go live on or after 9 AM PT on July 24. The tokens will launch on the Solana network, and transfers are limited to SPL-compatible addresses only. Listings will include JITOSOL-USD and MPLX-USD pairs, with rollout in phases depending on available liquidity.
The company clarified that trading availability depends on jurisdiction. Users in restricted regions may not access the tokens despite the listing. Contract addresses were also shared to prevent mistaken deposits on non-Solana networks.
Coinbase will add support for Jito Staked SOL (JITOSOL) and Metaplex (MPLX) on the Solana network (SPL token). Do not send these assets over other networks or your funds may be lost. Transfers for these assets are available on @Coinbase & @CoinbaseExch in the regions where…
— Coinbase Assets
(@CoinbaseAssets) July 23, 2025
JitoSOL is issued by the Jito Foundation and allows users to stake SOL without locking it up. This flexibility has boosted its use in DeFi protocols across the Solana ecosystem. Social sentiment surrounding JitoSOL has been bullish, largely driven by staking yields and growing integrations.
However, Alva, a crypto analytics tool, noted that JitoSOL’s price is flashing oversold signals. The momentum is cooling after the announcement, and technical indicators suggest short-term caution despite broader enthusiasm.
Metaplex powers decentralized NFT infrastructure on Solana and has been at the center of several large-scale collaborations. The MPLX token plays a role in governance and ecosystem development.Â
With Solana NFTs gaining traction again, the token is catching interest ahead of its Coinbase debut.
Still, analysts flagged caution. Alva observed that while sentiment looks strong, the MACD remains bearish. Whale activity has yet to trigger a decisive price breakout, leaving traders waiting for more volume confirmation.
Price Action Remains Mixed Despite Exchange Listing
Both tokens are now under the microscope as traders position ahead of the listing. While social chatter has surged, technicals suggest a wait-and-see approach.Â
JitoSOL and MPLX each have narratives that resonate with Solana’s growth, but market confirmation is still pending.
Coinbase’s decision to add these SPL tokens reflects the platform’s growing focus on the Solana ecosystem. Whether that momentum leads to sustained market movement will depend on how the community and institutions respond in the days ahead.
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The post Coinbase Lists JitoSOL and MPLX, But Market Reaction Stalls appeared first on Blockonomi.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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