The North American crypto exchange Coinbase has made another significant addition to its listing roadmap by announcing that Mog Coin (MOG) will be listed on Base, the layer 2 Ethereum scaling solution of the company. It already has a $4 billion total value locked (TVL) or user deposits.
As soon as Coinbase tweeted this on December 3, Mog Coin rallied to gain 23% in an hour which resulted its market capitalization to reach $1 billion. This made MOG the 10th-largest meme coin based on valuation.
Mog Coin is often referred to as the meme coin with the underpinnings of “effortless cosmic domination”. This meme coin became a force to reckon with in early 2024 as it rose to $475 million market cap in March from a $50 million market cap in February.
The meme coin often paired with pointing fingers or laughing cat emojis, MOG has seen success like the broader market as it hit the $1 billion market cap in November last month for the first time. At present, Mog Coin is trading just 16% below its all-time high as it surges over the crypto exchange listing news.
Even though MOG is part of the Ethereum layer-1 mainnet, the announcement made by Coinbase suggests that it will be traded on layer-2 solution, Base which has faster transactions and lower fees options.
Earlier Coinbase listing made many top meme coins like Dogwifhat (WIF), Floki (FLOKI) and Pepe (PEPE) more accessible, ultimately making them secure permanent spots on the top performers list.
There are also speculations that the US crypto exchange might also list Peanut The Squirrel (PNUT). The presence of the meme coin on the company’s Apple Pay tutorial, raised suspicion about a possible listing of PNUT in the coming days.
If Coinbase integrates crypto access with Apple Pay, it will make way for greater liquidity to the meme coins on the listing roadmap like MOODENG and MOG.
Many analysts are saying that Donald Trump’s re-election along with the hope of pro-crypto regulations once he returns to the White Office might be the reason why Coinbase has added these meme coins to its listing roadmap. A similar meme coin listing was seen after November 6 election results.
At the time of publication, Mog Coin was up 10.65% in the last 24 hours to trade at $0.000002473 with a whopping 154% surge in its trading volume at $143.02 million while the market cap rose to $966.44 million.