The Moca Network’s native cryptocurrency, MOCA, has experienced a staggering price surge following its listing on prominent South Korean exchanges. The token’s value soared by 370% in just one day after trading commenced on Upbit and Bithumb, marking a significant achievement for the MOCA Foundation.
What Are the Details of the Exchange Listings?
Upbit, one of South Korea’s largest cryptocurrency exchanges, launched trading for MOCA against Korean Won (KRW), Bitcoin (BTC), and Tether (USDT) starting December 16. However, the exchange has restricted deposits and withdrawals to the Ethereum network with specific wallet address verification required for investments.
How Did MOCA Token Perform in 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.
- MOCA token price surged 370% after listings.
- Trading volume increased by over 600%.
- Two major wallets deposited 9.5 million MOCA tokens into Bybit.
- Moca Network gains increased global visibility.
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.