Moca Network’s token, MOCA, has made headlines with a staggering 380% price surge after being listed on South Korea’s leading crypto exchanges, Upbit and Bithumb. This dramatic jump has put the token on the map, marking a significant step for the Moca Foundation and the growing role of South Korea in driving Web3 innovation.
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Upbit was the first to announce MOCA’s listing, offering trading pairs in KRW, Bitcoin (BTC), and Tether (USDT). Trading officially began on December 16 at 2:00 PM KST. The exchange confirmed that deposits and withdrawals for MOCA would only be supported on the Ethereum network.
MOCA is central to the Mocaverse ecosystem, a decentralized metaverse project. The token gives holders access to various features within the network and grants them a say in its governance. The Upbit listing is expected to boost MOCA’s market presence and visibility.
Shortly after Upbit, Bithumb also listed MOCA, allowing trading in KRW on the Ethereum network. Trading started at the same time, with the token’s initial price set at 136 KRW. Bithumb even added another token, MOODENG, to its listings.
Both exchanges renamed the token to “Mocabus” to align better with the South Korean market, making it easier for local investors to connect with the brand.
The dual listings sparked a dramatic 380% price surge in just one hour, while MOCA’s trading volume shot up more than 600% in 24 hours. Futures trading also saw a huge increase, with open interest jumping 1,250% in a single day, reaching $33.27 million.
Yat Siu, co-founder of Animoca Brands, shared his excitement, thanking Upbit and South Korea for supporting the Moca Network. He believes South Korea’s advanced tech community and strong crypto ecosystem will play a major role in spreading Web3 to a broader audience.
Currently, MOCA is priced at $0.24, up 190%, with a market cap of $383 million. The token’s impressive rise demonstrates its growing popularity and potential in the crypto market.
With the power of South Korea’s crypto ecosystem behind it, MOCA’s journey has only just begun, and the future looks promising!
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