While CVC pumped to a high of $0.173 from $0.025 pre-listing (a 592% increase), MANA only gave investors a relatively small 60% pump from the listing date to today—from $0.06 to a high of $0.113 on Tuesday.

The Coinbase Effect didn’t seem to affect Decentraland’s prices by much. Image: MANA:USD on TradingView

The pump’s not likely to last either. Research by on-chain metrics firm Coin Metrics from earlier this year suggested the Coinbase effect dies out over a 100-day period, with most gains coming in the first ten days and then leveling out to reflect a “trend in the broader” crypto market.

Expect crypto traders to be chasing the next Coinbase pump by then.

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