Solana-based Memecoin MOODENG Pumps Over 84% on Coinbase Listing

The Solana-based memecoin Moo Deng (MOODENG) saw a rapid price surge of over 84% within the past hour. This surge was influenced by Coinbase’s announcement to list the meme token on its listing roadmap.

This move is regarded as a big move for the Solana-based memecoin because Coinbase is the largest American crypto exchange by traded volume and user base. The publicly traded crypto exchange also holds a reputable position on the global crypto exchange ranking.

Assets added to the roadmap today: Moo Deng (MOODENG)https://t.co/rRB9d3hSr2

— Coinbase Assets 🛡️ (@CoinbaseAssets) December 2, 2024

Coinbase to List MOODENG

Coinbase’s website reveals that the Solana-based meme token was included in its listing roadmap. Although this does not mean that the exchange will list the memecoin on its spot market, past listings on the roadmap shows that Coinbase will likely add MOODENG to its spot trading.

The publicly traded crypto exchange added that it would likely apply its Experimental label to some tokens in its listing roadmap. This serves as a cautionary guardrail for those investing in the tagged assets.

Coinbase also added QCAD, an Ethereum-based Canadian digital dollar, to its listing roadmap alongside MOODENG.

MOODENG’s rapid price surge by more than 84% in one hour shows investors’ excitement about Coinbase’s excitement. The latest price surge brings the asset’s trading price to $0.5639 at press time.

MOODENG Keeps Growing

Since its debut in September, MOODENG has grown into one of the most traded memecoins. At the time, a baby hippopotamus from a Thailand zoo that went viral inspired the digital asset’s creation. The project’s developer team launched the token using the Solana-based memecoin generator Pump.fun.

Today, MOODENG is actively traded on various crypto exchanges, including the leading crypto exchange Binance. Other firms that have embraced the meme token are Bybit and OKX. A significant price surge for the hippo-themed meme token accompanied these listings.