Upbit Lists MOODENG on Solana Network

Upbit has announced the launch of the MOODENG meme coin on the Solana network, offering trading in KRW, BTC, and USDT, effective July 3.

MOODENG’s presence on a major platform like Upbit could bolster the Solana meme coin market, impacting related tokens and potentially increasing community engagement.

New Listings Surge Solana Meme Market by 9.3%

Upbit’s recent listing of MOODENG, a meme coin from the Solana network, indicates potential growth within the ecosystem. MOODENG’s listing, themed around the viral Thai “Moo Deng,” provides trading options in KRW, BTC, and USDT. This inclusion highlights ongoing interest in Solana-based assets. Market interest in MOODENG might contribute to a surge in trading activity. Market reactions suggest potential liquidity shifts, with Solana’s overall meme coin market cap increasing by 9.3% to “14.90 billion” shortly after its launch.

Broader ecosystem impacts are notable, as increased meme coin capital inflows indicate a significant sentiment shift. Community responses reflect anticipation, particularly due to prior attention from Binance and Ethereum’s Vitalik Buterin. No direct leadership statements from Upbit or MOODENG representatives have surfaced, although Binance’s interest in MOODENG has previously been visible.

“The meme coin phenomenon continues to evolve, and MOODENG has attracted significant community interest since being recognized.” — Vitalik Buterin, Co-founder, Ethereum

MOODENG’s 699.10% Growth Shocks Crypto Analysts

Did you know? Binance’s prior attention to MOODENG suggests a significant interest shift within the exchange community, potentially driving further attention as MOODENG secures listings on other major platforms.

According to CoinMarketCap, MOODENG, a notable Solana-based meme coin, recently priced at $0.21, experienced a trading volume surge of 282.64%, reaching “$194.01 million”. It exhibits a 53.51% price increase over the last 24 hours as of July 3. This increase follows a remarkable 699.10% growth over the past 90 days. MOODENG’s circulating supply and maximum supply remain at 989,971,791, reflecting stability.

Coincu research indicates possible outcomes, suggesting a potential stabilization in Solana’s meme ecosystem post-MOODENG listing, akin to prior meme rallies. Historical trends reflect large inflows and speculative trading, often followed by price corrections as investor interest stabilizes.