Meme coin MOG listed on Coinbase

Coinbase has continued its meme coin listing spree with the announcement of Mog Coin (MOG) on its trading roadmap. On December 3, the U.S.-based cryptocurrency exchange revealed that MOG would be listed on Coinbase, Coinbase’s Ethereum layer-2 scaling solution, which has become a key part of the exchange’s ecosystem with nearly $4 billion in user deposits and total value locked (TVL).

Following the announcement, MOG’s price surged by 23% within an hour, reflecting investor excitement and speculation surrounding the new listing. The token’s market capitalization quickly rose to around $1 billion, positioning it as the tenth-largest meme coin by valuation. This aligns with Coinbase’s recent focus on expanding its meme coin offerings, which has included popular tokens like Pepe, Floki, DogiWfhat, and Moo Deng, all of which were added in rapid succession in the past month.

MOG’s listing is the latest move in Coinbase’s strategy to tap into the speculative meme coin sector, which has seen a surge in trading activity. The exchange’s push to list these assets has proven lucrative, with meme coins attracting massive attention from retail investors. With MOG now on the platform, it joins a growing list of meme coins available to the crypto community, and Coinbase’s focus on Base could also help bring additional liquidity to the ecosystem.

In addition, there is speculation that Peanut The Squirrel (PNUT), another viral meme coin, might soon be added to Coinbase’s listings. This is based on PNUT’s recent appearance in Coinbase’s Apple Pay tutorial video, which has raised expectations that the coin could follow MOG’s path. The integration of Apple Pay could further widen crypto access for users, boosting liquidity for meme coins like MOG and MOODENG.

Some analysts have pointed out that the timing of these listings might be influenced by broader political developments. The November 6 general elections in the U.S., which saw Republicans secure the White House and majority seats in the Senate, could have led to expectations of looser crypto regulations under President Donald Trump. This environment may have encouraged Coinbase to expand its meme coin offerings, catering to growing interest in the speculative sector while navigating potential regulatory changes.

In summary, Coinbase’s latest listing of MOG Coin underscores its ongoing efforts to embrace the meme coin phenomenon, while also positioning Base as a key layer-2 solution within its ecosystem. As the platform continues to diversify its offerings, the impact of meme coin listings, along with regulatory and political shifts, will likely shape the future of meme coin trading on Coinbase.