Coinbase to list MOG meme coin

Coinbase Lists Mog Coin, Bolstering Meme Coin Momentum

On December 3, the leading cryptocurrency exchange Coinbase announced the addition of Mog Coin (MOG) to its trading roadmap. The news was shared via a tweet from Coinbase's dedicated assets page.

According to the announcement, Coinbase will list MOG on Base, the company's Ethereum Layer-2 scaling solution, which holds approximately $4 billion in user deposits.

Following the announcement, MOG's price experienced a surge of 23% within an hour. The token's market capitalization climbed to approximately $1 billion, making it the tenth-largest meme coin by valuation.

Coinbase's Meme Coin Spree

Coinbase has been actively listing a diverse range of meme coins in recent weeks. In the past month alone, the exchange has added Pepe (PEPE), Floki (FLOKI), Dogiwfhat (WIF), and Moo Deng (MOODENG) to its platform.

Reports suggest that Coinbase may also consider listing Peanut The Squirrel (PNUT), a popular viral meme coin. This speculation arose after PNUT's appearance in Coinbase's Apple Pay tutorial.

Factors Influencing Coinbase's Decisions

Industry experts speculate that President Donald Trump's re-election and anticipated loosening of cryptocurrency regulations may have influenced Coinbase's recent listing decisions. Notably, all meme coin listings since PEPE have occurred following the November 6 general election, where Republicans gained control of the White House and Senate majority.