MOCA Network’s native token, MOCA, saw an unprecedented 150% price surge after being listed on South Korea’s leading cryptocurrency exchanges, Upbit and Bithumb.
The token’s rapid growth underlines South Korea’s importance in shaping the future of Web3 technologies and highlights MOCA’s growing importance in the decentralized metaverse sector.
This development marks a significant milestone for the Moka Foundation and establishes the token as a major player in the global crypto market.
MOCA trading launches on Upbit with multiple pairs
Upbit, South Korea’s largest crypto exchange, was the first to list MOCA, enabling trading in Korean Won (KRW), Bitcoin (BTC), and Tether (USDT).
Trading began at 2:00 pm KST on December 16, with deposits and withdrawals supported exclusively on the Ethereum blockchain.
The listing provides MOCA with exposure to one of the most active crypto markets globally, where local investors show strong interest in blockchain innovation.
MOCA serves as the utility and governance token for Mocaverse, a decentralized metaverse platform.
Token holders gain access to platform features and participate in decision-making processes, demonstrating the project’s commitment to decentralized governance.
The listing on Upbit is expected to significantly increase MOCA’s liquidity and market access, attracting both institutional and retail investors.
Bithumb follows MOCA and MOODENG listings
Following Upbit’s lead, Bithumb added MOCA to its platform on the same day, offering trading in KRW.
The token debuted with a starting price of 136 KRW, solidifying its hold in South Korea’s competitive crypto landscape.
Bithumb introduced Mudeng, another token tied to the Mokaverse ecosystem, signaling a broader partnership with the Moka Foundation.
Both exchanges rebranded MOCA as “Mocabus” to align with local preferences, a strategic move aimed at increasing relatability among South Korean investors.
This rebranding highlights the growing trend of blockchain projects adapting to meet the demands of regional markets.
MOCA surged 380% in an hour
The dual listing triggered an explosive rally for MOCA, sending its price up 380% in just over an hour.
The coin’s trading volume also increased by more than 600% within 24 hours, reflecting growing market interest.
In the futures market, MOCA recorded a staggering 1,250% increase in open interest, reaching $33.27 million in a single day.
As of December 16, MOCA is priced at $0.213, representing a 150% increase from its pre-listing price.
The token’s market capitalization has climbed to $332 million, solidifying its growing prominence in the blockchain ecosystem.
South Korea is solidifying its position as a leader in blockchain innovation. The country’s tech-savvy population and strong crypto ecosystem make it a prime market for emerging Web3 projects.
MOCA’s success on Upbit and Bithumb shows how strategic listings on such markets can propel blockchain initiatives to new heights.
While the Moka Foundation celebrates this milestone, the broader crypto community is closely watching South Korea’s impact in advancing Web3 technologies.
This latest development further underlines the importance of regional markets in shaping the global trajectory of decentralized platforms.
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