As Bitcoin Starts the Week with a Record, News from South Korea Sends This Altcoin Rocketing!

South Korea’s largest cryptocurrency exchanges Upbit and Bithumb announced today that they have listed the altcoin Moca Network (MOCA).

While Upbit lists MOCA in KRW, BTC, and USDT pairs, Bithumb announced that it only lists it in KRW trading pair.

Following these listings, the price of MOCA increased by up to 370%.

Bithumb also announced that it has listed a memecoin called MOODENG on the KRW pair, in addition to MOCA.

Yat Siu, co-founder of Animoca Brands, commented on the support of South Korean exchanges to Mocaverse and MOCA, saying, “Thank you Upbit and Bithumb. You brought mass adoption to web3 by welcoming South Korea to Moca Network.”

While the price of MOCA rose rapidly after the listing announcements, this rise did not continue at the same pace. MOCA price then pulled back and continues to trade at $0.255 with a 160% increase.

*This is not investment advice.