- MOCA price skyrocketed by over 370% today, followed by Upbit token listing announcement and whale activity.
- MOCA token price is standing at $0.336 with $520 million market cap.
With Bitcoin touching a new all time high of around $106,000 and Ether going as high as $4,016, the bull run resumed. The overall crypto market cap is standing at $3.7 trillion with a 2.15% increase in the last 24 hours. Meanwhile, Mocaverse native token MOCA witnessed a sharp price hike of a staggering 370% today.
MOCA token finally left the $0.1 price range and witnessed a sharp price hike today. It went up a staggering 300% and is trading at $0.3361, with a $520 million market cap. Adding to that, the trading volume increased by a whopping 960% and is currently hovering at $194 million in the last 24 hours.
South Korean Exchanges Listing MOCA Tokens
This dramatic price rise of MOCA token is led by token listing announcements from top exchanges and large whale purchases. Upbit, one of the largest crypto exchanges in South Korea, announced MOCA token listing today. Its official announcement included all details such as deposit and withdrawal methods, including MOCA/KRW, MOCA/BTC, and MOCA/USDT trading pairs.
Chairman of Animoca Brands, Yat Siu posted on X, thanking Upbit for welcoming Korea to the Mocaverse project with its MOCA listing. Another major South Korean crypto exchange Bithumb also announced MOCA token listing along with MOODENG. Trading of MOCA tokens on this platform started from Dec 16 at 4:00 PM local time. As a result, MOCA token price skyrocketed as millions of traders from South Korea started trading the tokens.
Whales Deposit Large Volumes of MOCA
After #Upbit announced the listing of $MOCA, its price skyrocketed by ~350%!
— Lookonchain (@lookonchain) December 16, 2024
2 wallets(likely controlled by the same whale) deposited 9.5M $MOCA($3.55M) to #Bybit.
If fully sold, this whale could make a profit of $2.55M!
Address:
0xC468195dC8026e22c90a24c953b8670D97fAF9e3… pic.twitter.com/IlzXt3Nqpj
As per on-chain analytics platform Lookonchain, 2 wallets deposited around 9.5 million MOCA worth $3.55M to Bybit. The platform predicts that 2 wallets belong to a single whale. In case the whale sells its full MOCA holdings, it could make a substantial $2.55 million profit.
The return of the bull run as BTC reached a new ATH and the increasing positive market sentiment are contributing to the price surges in altcoins as well. Meanwhile, token listing announcements from top exchanges is also a big factor in the current market conditions. Upbit and Bithumb token listing announcements lead to the dramatic price rise of MOCA today.
However, whales and traders took this opportunity to dump the tokens and make profits. As a result, MOCA token price decreased by more than 50% from its ATH of $0.42 and is trading at around $0.23 at press time, recording only a 170% surge today. While the bull market is the best time to invest and make profits, investors must always trade cryptocurrencies cautiously.
Highlighted Crypto News Today:
