Ethereum-based meme coin MOG rose greater than 20% within the hour after American crypto trade Coinbase introduced its plans Tuesday to listing the token for buying and selling.
MOG is now buying and selling at $0.00000243, putting it just under a $1 billion market cap and inside the highest 150 tokens by market capitalization according to data from CoinGecko.
Described as a meme coin with the underpinnings of “effortless cosmic domination,” MOG rose to prominence in early 2024, leaping from round a $50 million market cap in February to greater than $475 million in the course of March.
Typically paired with the laughing cat and pointing finger emojis, it has grown even additional alongside broader meme coin success, reaching a $1 billion market cap for the primary time in November 2024.
Although MOG was launched on Ethereum’s layer-1 mainnet, Coinbase’s announcement indicates MOG will be traded on Base, its layer-2 solution which gives merchants with decrease charges and sooner transactions.
The roadmap announcement is the second of its variety within the final two days, as Coinbase introduced that Solana-based meme coin MooDeng (MOODENG) was added to its listing roadmap on Monday, boosting the coin by greater than 80% within the course of.
Although official particulars on the itemizing date weren’t offered, current listings for main meme cash like PEPE and WIF got here simply hours after Coinbase indicated its plans for itemizing.
Meme coins are tokens sometimes created and based mostly on main cultural occasions or references. They’ve develop into more and more in style this yr, rising as a sector to a greater than $125 billion market cap in keeping with CoinGecko.
MOG, which ranks #10 by market cap in CoinGecko’s present meme coin rankings, sits 16.5% off its all-time excessive on the time of writing. It beforehand traded inside crypto’s top 100 market cap tokens.
Edited by Andrew Hayward
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