MOODENG skyrockets 66% as Coinbase announces listing

• MOODENG price spiked 66% after Coinbase announced listing of the meme coin.
• Coinbase is a leading US-based crypto exchange.
• Gains for Moo Deng come as most tokens eye new momentum.

Moo Deng, a meme coin on Solana that went viral amid the global attention on baby hippo in Thailand, has seen its price skyrocket amid a major announcement from Coinbase.

On Monday, Dec. 2, cypto exchange Coinbase announced that it had added Moo Deng (MOODENG) on on its listing roadmap. The price of MOODENG jumped a massive 66% as the community reacted to the listing news.

At the time of writing, Moo Deng price hovered around $0.5993, going vertical from around $0.29. Coinbase’s listing news contributed to this upside, with the meme coin hitting winning ways to lead the top 100 coins by market cap.

The gains see MOODENG recapture levels seen around Nov. 18, stemming the downside that followed the spike to the all-time high of $0.6804. Current prices for the meme coin mean its just 12% from the peak hit on November 15, 2024.

In the past month, meme coins slowed as Bitcoin rose towards the $100k level. The surge for XRP in the past week also relegated top meme coins to spectators of the major rally. However, analysts are upbeat about the overall market, with meme coins in the mix for a potential supercycle.

Binance listed MOODENG futures in October, with the token also spiking as the market reacted positively.