Coinbase Lists Two DeFi Tokens In November’s Bear Market

Coinbase said on November 24 that it will open spot trading for Fluid (FLUID) and World Mobile Token (WMTX) on November 25, 2025.

The announcement arrives during one of the harshest drawdowns of 2025, and both tokens saw modest but noticeable intraday recoveries after weeks of pressure.

Coinbase Listing Gives Some Optimism To These Altcoins

The broader market remains deep in negative sentiment. Bitcoin is still hovering in the mid-$80,000s, and major altcoins have continued to bleed throughout November. 

Against that backdrop, even small upside reactions stand out. 

Both FLUID and WMTX posted mild rebounds on November 24 following Coinbase’s announcement. The price movements are far from breakout rallies, but enough to break multi-day downtrends visible on their 24-hour charts.

Fluid (FLUID), formerly Instadapp (INST), underpins a DeFi protocol that merges lending, borrowing, and trading into a unified liquidity system. 

The token has been under sustained selling pressure since early November, despite the protocol holding more than $1.4 billion in TVL. 

Meanwhile, World Mobile Token (WMTX) powers the World Mobile Chain, a decentralised telecom infrastructure project built around physical wireless nodes. The project sits in the DePIN sector, which blends blockchain with real-world infrastructure.

WMTX has traded heavily throughout November as risk-off sentiment hit mid-cap altcoins. Its circulating supply is far larger than FLUID’s—around 794 million—making price moves more muted during low-liquidity periods. 

The Coinbase listing announcement helped push WMTX off its $0.096 base and toward $0.102. Even though the uptick is small, it breaks a flat multi-day pattern and introduces early signs of renewed buyer interest.

A Small But Notable Signal In a Bearish Month

Coinbase listings no longer trigger explosive price spikes in most cases, especially during a macro and sentiment-driven downturn. But November has been defined by heavy outflows, declining liquidity, and accelerated long-term holder selling across the market. 

In that context, the reaction from FLUID and WMTX—two tokens tied to infrastructure-driven DeFi and DePIN narratives—offers a rare positive signal.

Both projects remain actively engaged, and traders appear to be monitoring how the listings may impact liquidity once US markets gain direct spot access.