Cryptocurrency exchange Upbit has announced the launch of the meme coin MOODENG on the Solana blockchain, offering trading pairs in KRW, BTC, and USDT, which may significantly impact the meme market.
Launch of MOODENG on Upbit
The listing for MOODENG will begin on July 3. This meme coin, inspired by the viral Thai 'Moo Deng', proposes trading in popular cryptocurrencies and may strengthen Solana's position in the meme coin market.
Increased Interest in Meme Coins
Following the announcement of the MOODENG listing, the meme market on Solana exhibited a 9.3% increase. This trend indicates growing capital inflow into meme coins on the platform, which may attract additional attention to other assets.
MOODENG's Growth Dynamics
According to CoinMarketCap data, the price of MOODENG as of July 3 was $0.21 with a trading volume of $194.01 million, showing an increase of 53.51% over the last 24 hours and a substantial growth of 699.10% over the past 90 days.
The launch of MOODENG on Upbit may have a significant influence on the Solana meme coin ecosystem, confirming the ongoing interest and activity within this segment of the crypto market.
