Coinbase Reveals Plans for Another Memecoin Listing

Coinbase is expanding its cryptocurrency offerings by introducing new digital assets to its trading platform.

Among the latest additions is Moo Deng (MOODENG), a meme-based cryptocurrency built on the Solana blockchain. This move highlights Coinbase’s efforts to diversify its portfolio and provide users with more trading opportunities in the evolving crypto landscape.

Moo Deng (MOODENG) witnessed a dramatic 70% price increase within 24 hours of Coinbase revealing plans to list the token. The price surged to $0.6123, fueled by heightened market excitement and the influence of Coinbase as a prominent trading platform.

Investor interest in Moo Deng also spiked significantly, with the token’s trading volume soaring by 400% to reach $751 million in the same period. This surge reflects a strong response from the trading community, eager to capitalize on the announcement.

Despite the enthusiasm, Coinbase has clarified that trading and transfers for Moo Deng will remain unavailable until the official listing is finalized. This measure ensures that regulatory and technical standards are met before the asset is fully integrated into the platform.