The crypto exchange Coinbase has released an update saying that it will include the Solana-based meme coin Moo Deng (MOODENG) in its listing roadmap, making it rally over the weekend.
This update by the crypto exchange points towards the possibility of Moo Deng listing in the near future although an official listing date hasn’t been revealed yet. Within an hour of the listing news, the meme coin started rallying.
MOODENG rose 70% to reach the $0.5877 trading point. This indicates that the crypto market’s interest in the meme coin has spiked including an increase in investor optimism.
Earlier in October, the Solana-based meme coin was listed in a major crypto exchange Binance. The meme coin is inspired by the viral pygmy hippo Moo Deng.
Since the meme coin has gained more than 80% in an hour of the Coinbase listing update, crypto analysts are predicting it will surge further. In a 24-hour window period, Moo Deng rose close to 54% to reach the $0.57 mark.
However, the Solana-based meme coin is still trading below its all-time high at $0.68 which was last seen in November last month. Moo Deng has to climb up 16% more to go past that ATH.
At the time of writing, MOODENG has gone down 13% in the last 24 hours to trade at $0.5402 with a 79.62% spike in its trading volume which has touched $1.02 billion and the market cap declined to $536.38 million.