The MOCA cryptocurrency, part of the Moca Network, saw a significant price increase following its listing on major South Korean exchanges, including Upbit and Bithumb.
Exchange Listing Details
Upbit, one of South Korea’s largest cryptocurrency exchanges, launched trading for MOCA against the Korean Won (KRW), Bitcoin (BTC), and Tether (USDT) starting December 16. The exchange restricted deposits and withdrawals to the Ethereum network, requiring wallet address verification for investments.
MOCA Token Trading
Bithumb also listed the MOCA token, initiating trading in KRW via the Ethereum network at the same time as Upbit. The token began trading at 136 won, capturing the attention of traders eager to capitalize on the burgeoning interest.
In the wake of these listings, MOCA’s price jumped from $0.08 to $0.41, with trading volume increasing by over 600%, signifying a notable uptick in market activity. Notably, data from Lookonchain indicates that two significant wallets funneled 9.5 million MOCA tokens into the Bybit platform, valued at around $3.55 million. If sold completely, these tokens may yield substantial profits for the whale behind the transactions.
Increased Interest in Moca Network
The substantial interest generated by these developments has elevated the Moca Network’s profile in the cryptocurrency sphere, with traders closely monitoring future price movements of MOCA.
The significant interest in MOCA prompted by its recent exchange listings has bolstered the Moca Network's position and triggered a surge in market activity.
