- Moca Network (MOCA) surged 370% after listing on Upbit, Bithumb, and Binance Futures.
- Binance Futures launched MOCA USDT Perpetual Contracts with up to 75x leverage, increasing liquidity.
- Whale activity suggests institutional interest and reinforces MOCA’s market appeal.
Moca Network (MOCA) has experienced a spectacular surge in value, rising by 370% to hit an ATH of $0.4219 following its recent listings on Upbit, Bithumb, and Binance Futures.
MOCA’s Futures open interest (OI) also jumped an astounding 1,250% within a day, reaching $33.27 million, signalling strong trader engagement.
Moca Network (MOCA) lists on Upbit, Bithumb, and Binance Futures
MOCA is now available in Korean Won (KRW) trading pairs, along with BTC and USDT spot pairs on Upbit.
신규 디지털 자산 모카버스(MOCA) 거래지원 안내
✅ 지원 마켓: KRW, BTC, USDT 마켓
📅 거래지원 개시 시점: 2024-12-16 14:00 예정🔗 공지 바로가기:https://t.co/oFC8cktPXp#Upbit #MOCA pic.twitter.com/yTtMJ0tYw5
— Upbit Korea (@Official_Upbit) December 16, 2024
On its part, Bithumb added MOCA on the Ethereum network, emphasizing strict verification protocols for deposits and withdrawals.
This expansion not only enhances liquidity but also aligns MOCA with South Korea’s regulatory standards and market preferences, paving the way for wider adoption in South Korea.
The South Korean market is proving to be a key area for web3 adoption, with Moca Network positioning itself strategically to tap into this demand. Yat Siu, co-founder of Animoca Brands, expressed enthusiasm about the region’s potential, stating, “Thank you Upbit and welcoming Korea to the Moca Network, bringing mass adoption to web3.”
Binance Futures further bolstered MOCA’s profile by launching MOCA USDT Perpetual Contracts with up to 75x leverage. This strategic move by Binance introduces MOCA to a global audience, significantly expanding its reach beyond South Korea and tapping into international trading markets.
The introduction of perpetual contracts adds a layer of speculative trading, increasing liquidity and interest in MOCA among traders and institutional investors.
Increased whale activity
Amidst the wave of MOCA listings, Lookonchain has reported significant whale activity, with two wallets depositing 9.5 million MOCA tokens to Bybit, valued at $3.55 million.
After #Upbit announced the listing of $MOCA, its price skyrocketed by ~350%!
2 wallets(likely controlled by the same whale) deposited 9.5M $MOCA($3.55M) to #Bybit.
If fully sold, this whale could make a profit of $2.55M!
Address:
0xC468195dC8026e22c90a24c953b8670D97fAF9e3… pic.twitter.com/IlzXt3Nqpj— Lookonchain (@lookonchain) December 16, 2024
This movement suggests that institutional investors are betting on the future potential of MOCA, further reinforcing its appeal in the crypto market.
