MOG Coin (MOG), a meme coin on the Solana blockchain, saw a dramatic price rise after Coinbase announced plans to list the token. The announcement, made on December 3, 2024, caused MOG’s value to surge by over 20% in just one hour, propelling the coin’s market capitalization to nearly $1 billion.
The move comes as Coinbase continues to expand its meme coin offerings, adding more tokens to its listing roadmap.
Coinbase Expansion Into Meme Coins
Coinbase has made significant move in the coin market even over the past month. After add tokens like Pepe (PEPE), Floki (FLOKI), Dogiwfhat (WIF) and Moo Deng, the stock market has now set its sights on MOG Coin (MOG).
According to a tweet from Coinbase’s official asset account, MOG will be listed on Base, the platform’s Ethereum Layer-2 scaling solution. Base, which currently holds nearly $4 billion in user deposits, allows for faster transactions and lower fees for traders.
The inclusion of MOG Coin in Coinbase’s listing roadmap highlights the growing interest in meme coins, which have grown in popularity in 2024. Meme coins are part of a broader trend within the he crypto space, experiencing both significant price movements and high trading volumes. Coinbase’s decision to list MOG further highlights its commitment to expanding its meme coin offerings.
MOG Parts Price Rally
MOG Coin has seen significant growth in 2024. After its initial rise in early 2024, the coin grew from a market cap of around $50 million in February to over $475 million in mid-March.
As of press time, MOG ranks as the tenth largest meme coin in terms of market capitalization, according to CoinMarketCap. Its recent price surge brings it closer to its all-time high, recorded in November 2024. Trading at $0.000002385, MOG price is up 6% after the price oscillated between a high and a low intraday low of $0.000002804 and $0.000002076, respectively.
The token’s success has been attributed to its appeal as a coin, described as having “effortless cosmic domination” behind its concept. Despite its lightweight origins, MOG has attracted investor attention and its inclusion on Coinbase is expected to increase its visibility in the market.
What This Means for Meme Coins
Meme coins have become a significant part of the cryptocurrency landscape, with a combined market capitalization surpassing $125 billion in 2024. The rise of meme coins, including MOG, reflects broader trends in the asset space digital, as more and more users and investors are attracted to tokens. related to cultural events and social media trends.
Coinbase’s decision to list more meme coins as MOG further solidifies the importance of these tokens in the crypto ecosystem. Meanwhile, early last month, Binance Futures announced the listing of MOG with up to 75X leverage.
Although meme coins are often highly speculative, listing MOG on Coinbase offers the potential for greater liquidity and market exposure, especially as the platform integrated features like Apple Pay to make crypto more accessible to mainstream users.
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in cryptography and finance, holding a bachelor’s degree in actuarial science. Known for his incisive analysis and insightful content, he has a strong command of English and excels in conducting in-depth research and providing timely updates on the cryptocurrency market.
Disclaimer: Content presented may include the author’s personal opinion and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.
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