MOODENG Meme Coin Rallies 57% Following Upbit Exchange Listing
MOODENG Price Surge
- MOODENG price increased by 57% to $0.22 after listing on Upbit, South Korea's second-largest crypto exchange.
- Trading pairs include KRW, BTC, and USDT.
- Daily trading volume rose by 660% to over $384 million.
- Technical indicators signal potential for further gains despite volatility and whale activity.
- Open interest surged 114% to over $200 million; 24-hour liquidations reached $48 million.
Meme Coin Sector Rally
- MOODENG's success triggered a rally in the meme coin sector, with Dogecoin and Shiba Inu each rising by 8%.
- Other coins like Pepe, Bonk, and Fartcoin saw increases of 13-22%.
- Dogecoin may have a potential upside of 200%, according to TradingView analysis.
- Bloomberg analysts raised the probability of SEC approving a spot Dogecoin ETF in 2025 to 90%.
- Grayscale, Bitwise, and 21Shares submitted S-1 filings; SEC acknowledged their submissions.