Cryptocurrency exchange Coinbase continues its meme coin listing spree by adding Mog Coin. The announcement has spurred price increases and market discussions.
MOG Announcement and Impact
Coinbase's official X account announced that Mog Coin will be listed on Base, Coinbase's Ethereum layer-2 scaling solution. Base currently holds nearly $4 billion in deposits, enhancing the token's visibility.
Current Price and Market Cap
According to CoinMarketCap data, MOG's price surged by 23% following the announcement. The price is now nearing $0.05241, boosting its market cap to approximately $1 billion, making it the tenth-largest meme coin by valuation.
Listing Trends and Rumors
This listing follows the recent addition of several meme coins including Pepe, Floki, Dogwifhat, and Moo Deng, all added in less than a month. There are also rumors about the potential listing of Peanut The Squirrel, which was featured in Coinbase Apple Pay's tutorial. This could increase access to cryptocurrencies, potentially driving liquidity toward tokens like MOG.
Recent meme coin listings coincide with expectations around Donald Trump's re-election and potential changes in crypto regulations. These factors could influence Coinbase's strategy.
