Moca Network’s native token, MOCA, has gained significant value after being listed on major cryptocurrency exchanges in South Korea. Following the announcements by Upbit and Bithumb exchanges, MOCA’s price rose by 370% in one day. The MOCA Foundation considered this development as an important step for the token.
Upbit, one of the leading crypto exchanges in South Korea, has made the MOCA token available for trading on Korean Won (KRW), Bitcoin (BTC), and Tether (USDT) pairs. Trading began on December 16 at 14:00 KST. However, deposits and withdrawals outside the Ethereum network are not supported. Upbit announced that deposits can only be made from wallet addresses that have completed the verification process.
Bithumb also listed the MOCA token on the Ethereum network in the KRW pair. According to Bithumb’s announcement, the token’s starting price was set at 136 won and the trading hours were the same as Upbit. The listing announcements of both exchanges have sparked great interest among investors.
MOCA Token Price Increases by 370%, Trading Volume Increases
Following the listing announcements of South Korean exchanges, the MOCA token gained 370% in value in just one day. The price of MOCA rose from $0.08 to $0.41. During the same period, the trading volume increased by more than 600%, indicating that the trade was intense. According to Lookonchain’s data, two major wallets deposited a total of 9.5 million MOCAs into the Bybit platform. The total value of these tokens was calculated at $3.55 million. According to the analysis, these transactions were carried out by a single whale. If these tokens were sold in full, the whale could make a profit of about $2.55 million.
This listing has increased Moca Network’s global exposure while also contributing to the growth of the ecosystem. “We would like to thank Upbit. It is truly exciting to welcome Moca Network to South Korea,” said Yat Siu, Co-Founder of Animoca Brands.