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Moca Network’s listing on the Binance exchange has led to a significant increase in the token‘s price and trading volume. Following the announcement, the price of MOCA surged by over 160%. Additionally, the decision of South Korea’s leading exchanges to list MOCA further heightened interest in the project.
Details of the Binance Listing
Binance announced that the MOCA token will begin trading on its Futures platform starting December 16, 2024. According to the announcement, MOCAUSDT perpetual contracts will be offered to users with a leverage ratio of up to 75%. This news has further boosted investor interest and dramatically increased MOCA’s liquidity in the market.
Following the listing news, the price of the MOCA token increased by 158%, reaching $0.22. Simultaneously, the token’s 24-hour trading volume saw a staggering rise of 7558%, climbing to $1.34 billion. CoinGlass data revealed that open positions for MOCA in the Futures market surged by 1297%, reaching $35.64 million.
Contributions of South Korean Exchanges and Investor Support
Popular South Korean exchanges Upbit and Bithumb also announced the listing of MOCA following Binance. This move reinforced global confidence in the token and the positive perception of the project. Listings on Upbit and Bithumb resulted in a remarkable 370% increase in MOCA’s early trading hours.
Yat Siu, co-founder of Animoca Brands, expressed satisfaction with Moca Network’s critical listing steps. Siu stated, “We thank Upbit and our community. By introducing MOCA to the Korean market, we are enhancing the adoption of the web3 ecosystem.”
The momentum Moca Network has gained recently continues to attract investor interest. Being listed on major exchanges like Binance, Upbit, and Bithumb increases the visibility of the MOCA token on global platforms. These developments further solidify Moca Network’s potential for the future.
