Ethereum (ETH)-Based Meme Token MOG Coin (MOG) Rips Following Coinbase Listing

An Ethereum (ETH)-based meme coin is skyrocketing after being launched on the highest US crypto change by buying and selling quantity platform Coinbase.

In a brand new thread on the social media platform X, Coinbase Property say it provides assist for the meme merchandise Mog Coin (MOG), a cat-themed token that launched in July 2023.

“MOG Coin is now stay at http://coinbase.com and on the Coinbase iOS and Android apps. Coinbase clients can log in to purchase, promote, convert, ship, obtain or retailer these belongings.”

Information of the IPO despatched MOG hovering because the meme asset went from a low of $0.000002375 on December 5 to a excessive of $0.000003418 the subsequent day. It has since stabilized and on the time of writing is buying and selling at $0.000003335, up 36% over the past 24 hours.

Earlier this week, one other animal-themed meme coin acquired assist from Coinbase, however suffered the alternative destiny. On Monday, the cryptocurrency change introduced that it’s itemizing Moo Deng (MOODENG), a Solana (SOL)-based meme token with a pygmy hippo theme.

Moo Deng – which implies ‘bouncy pork’ in Thai – first turned an web sensation when it was born at Khao Kheow Open Zoo in Thailand this summer season. The animal went viral once more after it accurately ‘predicted’ the 2024 US presidential election in November.

Nonetheless, regardless of its web fame, the meme merchandise didn’t carry out nicely when it acquired assist from Coinbase, because it fell from a excessive of $0.596 on December 4 to a low of $0.448 a few day later, a drop of 12%. It has since stabilized and is buying and selling at $0.468.

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Generated picture: Midjourney