After being listed on leading South Korean crypto exchanges, the MOCA token has shown significant price growth, highlighting South Korea’s role in driving web3 development.
Upbit Listing Sparks Price Surge
Upbit was the first to announce MOCA’s listing, allowing trading pairs in KRW, Bitcoin (BTC), and Tether (USDT). Trading officially started on December 16 at 2:00 PM KST, with deposits and withdrawals supported on the Ethereum network.
Bithumb Joins the Action
Shortly after Upbit, Bithumb also listed MOCA, allowing trading in KRW on the Ethereum network. Trading started at the same time, with the token’s initial price set at 136 KRW. Both exchanges renamed the token to 'Mocabus' to better align with the South Korean market.
MOCA Price Skyrocket 380%
The dual listings caused MOCA’s price to explode by 380% within just an hour, with its trading volume shooting up by more than 600% in 24 hours. Yat Siu, co-founder of Animoca Brands, expressed gratitude to Upbit and South Korea for supporting the Moca Network, noting the potential of the country's crypto ecosystem in promoting web3.
MOCA's initial price increased by 190%, now priced at $0.24, reflecting the token's growing popularity and potential in the crypto market.
