MOCA Token Experiences Significant Price Surge Following Exchange Listings

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The native token of Moca Network, MOCA, has seen a remarkable price increase after being listed on major cryptocurrency exchanges in South Korea. Following the announcements from Upbit and Bithumb, the token’s value skyrocketed by 370% within a single day. The MOCA Foundation has described this development as a significant milestone for the token.

Details of MOCA Listing on Upbit and Bithumb

Upbit, one of the largest cryptocurrency exchanges in South Korea, has opened trading for the MOCA token against Korean Won (KRW), Bitcoin (BTC) , and Tether (USDT) pairs. The trading commenced at 14:00 KST on December 16. However, deposits and withdrawals are not supported outside the Ethereum network, and the exchange announced that investments can only be made from wallet addresses that have completed “ownership verification.”

Bithumb also listed the MOCA token on its platform, trading it against KRW through the Ethereum network. According to Bithumb’s announcement, the token’s initial price was set at 136 won, and trading began simultaneously with Upbit. These announcements attracted significant interest among traders.

MOCA Token Gains 370% Value and Sees Massive Trading Volume

After the listing announcements from South Korean exchanges, the MOCA token gained 370% in value within just one day. The trading price rose from $0.08 to $0.41, while trading volume increased by over 600%, indicating heightened trading activity.

According to data shared by Lookonchain, two large wallets deposited a total of 9.5 million MOCA into the Bybit platform, with an estimated total value of $3.55 million. Analysts believe these transactions were likely executed by a single whale. If these tokens are fully sold, the whale could potentially make a profit of $2.55 million.

This listing has not only boosted Moca Network’s global recognition but has also contributed to the expansion of its ecosystem. Yat Siu, Co-Founder of Animoca Brands, expressed excitement regarding this development, thanking Upbit for the warm reception of Moca Network in South Korea.

The future price performance of MOCA continues to be a topic of keen interest among traders.

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