Moca Network’s native token, MOCA, experienced a massive price increase after being listed on South Korean cryptocurrency exchanges. Following the listing announcements of Upbit and Bithumb exchanges, the value of the token increased by 370% in one day. The MOCA Foundation described this development as a significant advancement for the token.
Upbit and Bithumb Share Details of MOCA Listing
Upbit, one of South Korea’s largest crypto exchanges, shared the MOCA token with Korean Won (KRW), Bitcoin (BTC). $102,189.6 and Tether (USDT) pairs. Trading started on December 16 at 14:00 KST. But Ethereum 
$3,863.6 Investments and withdrawals outside the network are not supported. The stock exchange announced that investments can only be made from wallet addresses with completed “ownership verification”.
Bithumb also listed the MOCA token on the KRW pair on the Ethereum network. According to Bithumb’s announcement, the base price of the token was set at 136 won. Transactions started at the same time as Upbit. The announcements of both exchanges aroused great interest among investors.
MOCA Token Gained 370% Value, Transaction Volume Exploded
Following the listing announcements of South Korean exchanges, the MOCA token gained 370% in value in just one day. MOCA’s trading price rose from $0.08 to $0.41. Transaction volume also increased by over 600%, demonstrating intense trading activity.
According to the data shared by Lookonchain, two major wallets deposited a total of 9.5 million MOCA to the Bybit platform. The total value of these tokens was calculated as $3.55 million. According to analysis, these processes are thought to be carried out by a single whale. If these tokens are sold completely, it is possible for the whale to make a profit of $2.55 million.
This listing not only increased Moca Network’s global recognition but also contributed to the expansion of the ecosystem. Animoca Brands Founding Partner Yat Siu said in his statement regarding this development, “We would like to thank Upbit. “It is exciting to welcome Moca Network to South Korea,” he said.
MOCA’s future price performance continues to be something investors watch carefully.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
