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Coinbase Adds MOODENG and MOG Coin to Listing Roadmap; MOODENG Soars 80%, Hits $635M Market Cap

Dec 3, 2024, 02:32 PM

Coinbase has announced plans to add two memecoins, Moo Deng (MOODENG) on the Solana network and MOG Coin (MOG) on the Base chain, to its listing roadmap. MOODENG, inspired by a small hippopotamus popular in Thailand and which went viral due to a baby hippo video on TikTok, is less than three months old. Following the announcement, MOODENG's price surged 80% in an hour, with its market cap soaring from $297 million to as high as $635 million, a 95% increase. The coin has caught the attention of major investors, with Wintermute holding $35.39 million worth of MOODENG, making it its top holding. MOG Coin, the first Base chain memecoin to be added to Coinbase's roadmap, also experienced a significant price jump of around 20%. The inclusion of these memecoins marks a continued expansion of Coinbase’s asset offerings, signaling that memecoins are evolving into serious market players.