Coinbase plans to list Moo Deng (MOODENG), which will increase its price by 70% and trading volume by $751M, indicating strong market interest.
Coinbase, a prominent cryptocurrency exchange, intends to incorporate Moo Deng (MOODENG), a meme coin, into its asset expansion strategy on the Solana network. This decision emphasizes Coinbase’s dedication to offering a wide variety of digital assets, which extends the opportunities for traders to participate in the cryptocurrency ecosystem.
The price of Moo Deng has increased by 70% due to the Coinbase listing plan
Moo Deng (MOODENG) experienced a remarkable 70.31% increase in price within 24 hours following the Coinbase announcement, reaching $0.6123. This sudden surge indicates an increase in market enthusiasm, likely due to Coinbase’s prominence as a significant trading platform.
Additionally, there was a substantial increase in the trading activity related to Moo Deng. The token’s trading volume increased by 400% within 24 hours, reaching $751 million. This increase suggests that there is a surge in investor interest and a surge in trading activity.
Nevertheless, it is crucial to acknowledge that the exchange has incorporated Moo Deng into its roadmap; however, trading and transfers for the token are only permitted once the official listing is announced. This procedure guarantees that the necessary technical and regulatory preparations conduct asset integration.
The Moo Deng meme coin is recognized for its scalability and efficiency in operating on the Solana blockchain. Concurrently, the foremost exchange incorporated QCAD, an ERC-20 token from the Ethereum blockchain, into its roadmap.
Asset Hub and Experimental Label Standards
Coinbase has recently implemented an Experimental label that may apply to newly listed assets, such as Moo Deng. This label denotes assets in the initial stages of adoption or testing, enabling users to gain insight into the nature of the assets.
Coinbase aims to compile an asset inventory that satisfies its technical security, compliance, and legal standards through its Asset Hub initiative. The platform’s integrity is the primary focus of these criteria, rather than the tokens’ popularity or market capitalization.
FLOKI’s price experienced a five-month high last month following its inclusion in the top exchange listing roadmap. The token experienced a 12% increase in value within 24 hours and nearly doubled in value over the week as a result of the inclusion, which piqued the interest of traders.
The price of the Solana meme coin has recently increased by 26% due to its listing on the Asian crypto exchange OKX.
The price of Moo Deng (MOODENG) was slightly lower at the time of publication, but it continued to trade at $0.5402. The token has maintained substantial gains in the wake of the announcement, with a 50% increase in price over the past 24 hours.