Upbit Lists MOODENG on Solana, Potentially Boosting Meme Coin Market Interest and Trading Activity
2025-07-03 05:03:43
Main Idea
Upbit's listing of MOODENG on Solana has significantly boosted the meme coin market, with notable increases in market capitalization, trading volume, and price, while also enhancing Solana's ecosystem credibility.
Key Points
1. Upbit listed MOODENG, a Solana-based meme coin, with trading pairs against KRW, BTC, and USDT, leading to a 9.3% increase in the meme coin market cap to $14.90 billion.
2. MOODENG's price surged by 53.51% in 24 hours and 699.10% over 90 days, with trading volume spiking 282.64% to $194.01 million.
3. The listing has increased investor interest in Solana-based assets and boosted the credibility of meme coins, partly due to endorsements from figures like Vitalik Buterin.
4. The event may signal a phase of market stabilization and growth for Solana's meme coin ecosystem, though investors are advised to remain cautious about long-term impacts.
Description
Upbit has officially listed MOODENG, a rapidly rising meme coin on the Solana network, with trading pairs in KRW, BTC, and USDT, marking a significant development in Solana’s crypto ecosystem.
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