MOODENG is the first memecoin from pump.fun that the US cryptocurrency exchange Coinbase is considering listing.
The price of the MOODENG memecoin has increased by 80% as Coinbase is considering listing it
According to the announcement posted on the evening of 12/02/2024, the leading US cryptocurrency exchange Coinbase stated that it has added the memecoin Moo Deng (MOODENG) to the list of assets it is considering listing.
Assets added to the roadmap today: Moo Deng (MOODENG)https://t.co/rRB9d3hSr2
— Coinbase Assets 🛡️ (@CoinbaseAssets) December 2, 2024
MOODENG is a memecoin created on the pump.fun platform in 09/2024, based on the image of the viral Moo Deng baby hippopotamus at that time.
The price of MOODENG has increased by up to 80% in the past 24 hours after the news of its consideration for Coinbase listing, as this is the first pump.fun memecoin to be listed on a leading US exchange.
Recent 24-hour price movement of MOODENG, screenshot from CoinGecko at 08:30 AM on 12/03/2024
The market capitalization of this memecoin is currently $609 million, ranking 18th among the largest memecoins in the crypto market.
In November, Coinbase also announced that it is considering listing 3 major memecoins in the crypto market: Pepe (PEPE), Floki Inu (FLOKI) and dogwifhat (WIF).
It can be seen that since Donald Trump's election as US President and his commitment to relaxing crypto regulations, crypto companies in the US have been more bold in their actions, rather than being hesitant as before due to legal pressure. As reported by Coin68, many Wall Street asset firms have filed for crypto ETFs for assets still considered securities by the SEC, such as SOL, XRP, HBAR, LTC, etc., while many industry leaders have spoken out about being "secretly suppressed" under the Biden administration.
Compiled by Coin68
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