Moca Network (MOCA) Surge After Listing on Top Exchanges
- MOCA surged by 370% after listing on Upbit, Bithumb, and Binance Futures.
- Binance Futures introduced MOCA USDT Perpetual Contracts with up to 75x leverage, boosting liquidity.
- Whale activity indicates institutional interest, strengthening MOCA’s market appeal.
Moca Network (MOCA) has seen a remarkable increase in value, skyrocketing by 370% to reach an all-time high of $0.4219 following its recent listings on major exchanges like Upbit, Bithumb, and Binance Futures.
The Futures open interest (OI) for MOCA also surged by an impressive 1,250% within a day, reaching $33.27 million, indicating significant trader engagement.
MOCA Listing on Top Exchanges
MOCA is now tradable in Korean Won (KRW) pairs, in addition to BTC and USDT spot pairs on Upbit.
신규 디지털 자산 모카버스(MOCA) 거래지원 안내
✅ 지원 마켓: KRW, BTC, USDT 마켓
📅 거래지원 개시 시점: 2024-12-16 14:00 예정🔗 공지 바로가기:https://t.co/oFC8cktPXp#Upbit #MOCA pic.twitter.com/yTtMJ0tYw5
— Upbit Korea (@Official_Upbit) December 16, 2024
Bithumb included MOCA on the Ethereum network, highlighting strict verification procedures for deposits and withdrawals. This move enhances liquidity and aligns MOCA with South Korea’s regulatory standards, paving the way for wider adoption in the country.
The South Korean market is a key area for web3 adoption, with Moca Network strategically positioning itself to cater to this demand. Yat Siu, the co-founder of Animoca Brands, expressed optimism about the region’s potential for mass adoption of web3 technologies.
Binance Futures and MOCA
Binance Futures launched MOCA USDT Perpetual Contracts with up to 75x leverage, introducing MOCA to a global audience and expanding its reach beyond South Korea to international trading markets. This addition of perpetual contracts enhances speculative trading, driving liquidity and interest in MOCA among traders and institutional investors.
Significant Whale Activity
There has been notable whale activity in the MOCA market, with two wallets depositing 9.5 million MOCA tokens to Bybit, valued at $3.55 million. This activity suggests that institutional investors are optimistic about MOCA’s future potential, further solidifying its appeal in the cryptocurrency market.
