BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home BUSINESS

Moo Deng Surges 80 Percent After Coinbase Listing Announcement

by Sham
December 2, 2024
in BUSINESS, CRYPTO, INVESTING
Reading Time: 2 mins read
A A
25
SHARES
420
VIEWS
Share on XShare in TelegramShare on Reddit
  • Solana-based meme coin Moo Deng (MOODENG) surged over 80% in an hour after Coinbase announced plans to list the token
  • Listing on major exchanges like Coinbase typically leads to price increases for cryptocurrencies, known as the “Coinbase effect” as they become more accessible to mainstream traders
  • Meme coins like Moo Deng can make traders huge profits but are also highly volatile, previously surging and then crashing in value

Solana-based meme coin Moo Deng (MOODENG) shot up over 80% within an hour after Coinbase announced plans to list the token. The price spike highlights the ‘Coinbase effect’ and the rise of meme coins in 2021.

ICYMI: Solana $SOL meme coin $MOODENG (@MooDengSOL) has been added to Coinbase's roadmap and will likely be listed within the next 1-2 days pic.twitter.com/YhJm7ca4Dv

— BlockNews (@blocknewsdotcom) December 2, 2024

Dramatic Price Surge for Moo Deng

Data from CoinGecko shows the meme token is now priced at about $0.57. In a 24-hour period, MOODENG has jumped by nearly 54%. The token, which gained traction in September, is still down from its all-time high price of $0.68 it touched in November. It only has 16% more to rise until it beats that level though.

The Coinbase Effect

Coinbase made the announcement Monday that the token would be listed on its exchange, adding Moo Deng to its roadmap. Meme coins listed on the roadmap in recent weeks have typically become available for trading later the same day. When Coinbase lists tokens they typically go up in price as traders consider them to be more legitimate, not to mention far more accessible to mainstream traders. This is known as the ‘Coinbase effect’.

Conclusion

Moo Deng is the latest meme coin to ride a wave of hype and volatility. Its parabolic rise after being added to Coinbase’s roadmap highlights the ‘Coinbase effect’ where exchange listings can catalyze major price gains. Meme coins have become an unpredictable but lucrative niche within the crypto markets this year. It will be interesting to see if Moo Deng can sustain its newfound momentum.

Tags: CoinbaseCoinGeckocryptoMoo DengSolana
Tweet6ShareShare

DON'T MISS THESE! HOT OFF THE PRESS

Shiba Inu 2050 Price Predictions Spark Long-Term Investor Buzz
CRYPTO

Shiba Inu 2050 Price Predictions Spark Long-Term Investor Buzz

August 14, 2025
XRP Bull Run Predictions Heat Up With $15 Target in Sight
CRYPTO

XRP Bull Run Predictions Heat Up With $15 Target in Sight

August 14, 2025
Shiba Inu’s Big Robinhood Moment Fizzled Out Over Time
CRYPTO

Shiba Inu’s Big Robinhood Moment Fizzled Out Over Time

August 14, 2025
Coinbase Teams Up with Mercuryo to Slash USDC Fees on Base
CRYPTO

Coinbase Teams Up with Mercuryo to Slash USDC Fees on Base

August 14, 2025
Cardano Rally Gains Steam as ETF Speculation Pushes Toward $1.50 Target
CARDANO

Cardano Rally Gains Steam as ETF Speculation Pushes Toward $1.50 Target

August 14, 2025
Ethereum Core Dev’s Wallet Drained by Rogue AI Tool in Brazen Supply Chain Attack
CRYPTO

Ethereum Core Dev’s Wallet Drained by Rogue AI Tool in Brazen Supply Chain Attack

August 14, 2025
Load More

Related News

Shiba Inu 2050 Price Predictions Spark Long-Term Investor Buzz

Shiba Inu 2050 Price Predictions Spark Long-Term Investor Buzz

August 14, 2025
XRP Bull Run Predictions Heat Up With $15 Target in Sight

XRP Bull Run Predictions Heat Up With $15 Target in Sight

August 14, 2025
Shiba Inu’s Big Robinhood Moment Fizzled Out Over Time

Shiba Inu’s Big Robinhood Moment Fizzled Out Over Time

August 14, 2025
Coinbase Teams Up with Mercuryo to Slash USDC Fees on Base

Coinbase Teams Up with Mercuryo to Slash USDC Fees on Base

August 14, 2025
Cardano Rally Gains Steam as ETF Speculation Pushes Toward $1.50 Target

Cardano Rally Gains Steam as ETF Speculation Pushes Toward $1.50 Target

August 14, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve Finance FTX grayscale Memecoin metaverse Microstrategy NFT NFTs opinion PEPE ripple sec Shiba Inu Solana Stablecoin Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.