On December 3, Coinbase announced the addition of Mog Coin to its listing, continuing its series of memecoin additions to the platform.
Mog Coin Listing on Coinbase
U.S. crypto exchange Coinbase announced the inclusion of Mog Coin (MOG) as the latest addition to its listing. The company plans to list MOG on the Base platform, an Ethereum layer-2 scaling solution, which holds nearly $4 billion in user deposits or total value locked.
Price Surge and Market Capitalization
Following the announcement, MOG's price surged by 23% within an hour. The token's market cap reached approximately $1 billion, making it the tenth-largest memecoin by valuation.
Potential Market Impact
Coinbase has been actively adding memecoins such as Pepe, Floki, and others. These actions might be linked to speculations about potential changes in cryptocurrency regulation following recent political events in the U.S.
The addition of Mog Coin to Coinbase could significantly impact the memecoin market and draw attention to new investment opportunities in this segment.
