- MOODENG price jumped 66% after Coinbase announced the listing of the meme coin.
- Coinbase is a leading US-based cryptocurrency exchange.
- Gains for Moo Deng arrived as many tokens regained momentum.
Moo Deng, a Solana-based meme coin that went viral amid global attention on hippos in Thailand, saw its price surge following a major announcement from Coinbase.
On Monday, December 2, Coinbase announced that it had added Moo Deng (MOODENG) to its listing roadmap.
MOODENG price jumped 66% as the community reacted to the listing news. At the time of writing, Moo Deng was trading around $0.5993, up sharply from roughly $0.29.
Coinbase’s listing announcement helped fuel the rally, with the meme coin outperforming many top 100 tokens by market capitalization during the initial reaction.
The recent gains have pushed MOODENG back toward levels seen around November 18, recovering ground lost after peaking at an all-time high of $0.6804.
Current prices put the meme coin about 12% below its peak reached on November 15, 2024. Over the past month, meme coin momentum cooled as Bitcoin advanced toward the $100k area.
Rising XRP prices this past week also drew attention away from top meme tokens during the broader rally. Still, analysts remain optimistic about the overall market outlook, suggesting meme coins could play a role in a potential supercycle.
Binance listed MOODENG futures in October, and the token also rose as the market reacted positively to that development.