The MOCA token has seen a significant price increase following its listing on leading South Korean cryptocurrency exchanges.
MOCA Listing on Upbit and Bithumb
Upbit and Bithumb, among South Korea's largest cryptocurrency exchanges, launched MOCA trading against KRW, Bitcoin (BTC), and Tether (USDT) pairs. Trading commenced simultaneously on December 16. Both exchanges restrict deposits and withdrawals to the Ethereum network, requiring ownership verification of wallet addresses.
MOCA Price and Trading Volume Surge
Following the South Korean exchange listings, MOCA's price surged by 370% in just one day. The price rose from $0.08 to $0.41, and trading volume increased by 600%, indicating elevated market activity. Lookonchain's data revealed that two large wallets deposited 9.5 million MOCA tokens to the Bybit platform, worth $3.55 million.
Impact and Expert Opinions
The listing has substantially increased Moca Network's global visibility and contributed to its ecosystem expansion. Yat Siu, Co-Founder of Animoca Brands, thanked Upbit for a warm reception in South Korea. The token's price surge has drawn significant interest from traders and analysts anticipating further value increases.
Exchange listings have spurred MOCA's price and trading volume growth, increasing interest in the Moca Network.
