Solana’s MOG Coin Price Surges As Coinbase Announces Listing Plans
MOG Coin (MOG), a meme coin on the Solana blockchain, saw a dramatic price surge after Coinbase announced plans to list the token. The announcement, made on December 3, 2024, sent MOG’s value up by over 20% within just one hour, propelling the coin’s market capitalization to nearly $1 billion.
This move comes as Coinbase continues to expand its meme coin offerings, adding more tokens to its listing roadmap.
Coinbase’s Expansion into Meme Coins
Coinbase has made significant moves in the meme coin market over the past month. After adding tokens like Pepe (PEPE), Floki (FLOKI), Dogiwfhat (WIF), and Moo Deng, the exchange has now set its sights on MOG Coin (MOG).
According to a tweet from Coinbase’s official assets account, MOG will be listed on Base, the platform’s Ethereum Layer-2 scaling solution. Base, which currently holds close to $4 billion in user deposits, provides faster transactions and lower fees for traders.
The inclusion of MOG Coin in Coinbase’s listing roadmap highlights the growing interest in meme coins, which have gained substantial popularity in 2024. Meme coins have been part of a larger trend within the crypto space, seeing both large price movements and high trading volumes. Coinbase’s decision to list MOG further underscores its commitment to expanding its meme coin offerings.
MOG Coin Price Rally
MOG Coin has experienced significant growth in 2024. After its initial rise in early 2024, the coin has moved from a market cap of around $50 million in February to surpassing $475 million by mid-March.
As of press time, MOG ranks as the tenth-largest meme coin by market capitalization, according to CoinMarketCap. Its recent price surge brings it close to its all-time high, which was recorded in November 2024. Trading at $0.000002385, MOG price is up 6% after the price swayed between an intra-day high and low of $0.000002804 and $0.000002076, respectively.
The token’s success has been attributed to its appeal as a meme coin, described as having “effortless cosmic domination” behind its concept. Despite its light-hearted origins, MOG has gained serious attention from investors, and its inclusion on Coinbase is expected to increase its visibility in the market.
What This Means for Meme Coins
Meme coins have become a significant part of the cryptocurrency landscape, with a combined market capitalization exceeding $125 billion in 2024. The rise of meme coins, including MOG, reflects broader trends within the digital asset space, as more users and investors are drawn to tokens linked to cultural events and social media trends.
Coinbase’s decision to list more meme coins like MOG further cements the importance of these tokens in the crypto ecosystem. Concurrently, earlier last month, Binance Futures announced the listing of MOG with up to 75X leverage.
While meme coins are often highly speculative, the listing of MOG on Coinbase offers the potential for more liquidity and market exposure, especially as the platform integrates features like Apple Pay to make crypto more accessible to mainstream users.
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