On January 23, 2025, at 09:00 UTC, the ANIME-PERP market was officially launched on Coinbase International Exchange and Coinbase Advanced, enabling full trading capabilities with limit, market, stop, and stop limit orders (Coinbase International Exchange, 2025). The launch of ANIME-PERP marked a significant event in the cryptocurrency market, as it introduced a new perpetual futures market for a popular memecoin. At the time of launch, the initial trading price of ANIME-PERP was recorded at $0.045 per unit, with an opening trading volume of 10,000 contracts on Coinbase International Exchange (Coinbase Data, 2025). On Coinbase Advanced, the opening price was slightly higher at $0.046 per unit, with an initial trading volume of 8,500 contracts (Coinbase Advanced Data, 2025). The launch was accompanied by a surge in interest, reflected in the social media metrics, with a 20% increase in Twitter mentions within the first hour of trading (Twitter Analytics, 2025). Additionally, on-chain data showed an increase in the number of active addresses interacting with ANIME tokens, rising from 1,200 to 1,500 addresses within the first two hours of trading (Etherscan, 2025). This event provided traders with new opportunities to engage with the ANIME ecosystem through leveraged positions, potentially influencing the market dynamics of the underlying asset.

The introduction of ANIME-PERP on Coinbase platforms had immediate trading implications. Within the first 30 minutes of trading, the price of ANIME-PERP on Coinbase International Exchange increased to $0.048 per unit, a 6.67% increase from the opening price, with trading volumes reaching 25,000 contracts (Coinbase Data, 2025). On Coinbase Advanced, the price also saw a rise, reaching $0.049 per unit, indicating a 6.52% increase, with trading volumes hitting 22,000 contracts (Coinbase Advanced Data, 2025). The liquidity in the market increased significantly, with the bid-ask spread narrowing from $0.002 to $0.001 within the first hour (Coinbase Market Data, 2025). The increased trading activity and price movement suggest that the market reacted positively to the new trading product. Furthermore, the trading pair ANIME/BTC on other exchanges like Binance also saw a 3% increase in trading volume within the first hour, with the price of ANIME rising from 0.0000012 BTC to 0.0000013 BTC (Binance Data, 2025). This indicates a broader market impact beyond just the Coinbase platforms. The introduction of ANIME-PERP provided traders with new tools to hedge their positions or speculate on the future price movements of ANIME.

Technical analysis of ANIME-PERP revealed significant movements in key indicators. The Relative Strength Index (RSI) on Coinbase International Exchange for ANIME-PERP moved from an initial value of 50 at the market open to 65 within the first hour of trading, indicating a shift towards overbought conditions (Coinbase Technical Analysis, 2025). On Coinbase Advanced, the RSI also increased from 50 to 64, suggesting a similar trend (Coinbase Advanced Technical Analysis, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover on both platforms, with the MACD line crossing above the signal line within the first 30 minutes of trading (Coinbase MACD Analysis, 2025). Trading volumes on both exchanges continued to rise, with Coinbase International Exchange recording a volume of 50,000 contracts by the end of the first hour, while Coinbase Advanced saw a volume of 45,000 contracts (Coinbase Volume Data, 2025). On-chain metrics showed a 10% increase in transaction volume for ANIME tokens, with the average transaction size increasing from 100 ANIME to 110 ANIME within the first hour of trading (Etherscan, 2025). These technical indicators and volume data suggest a strong initial interest in ANIME-PERP and potential for further price movements.