Assets added to the roadmap today: Moo Deng (MOODENG)https://t.co/rRB9d3hSr2
— Coinbase Assets 🛡️ (@CoinbaseAssets) December 2, 2024
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$93,735.00
2.44%$1,797.92
5.48%$2.23
2.92%$606.76
-0.39%$150.95
4.16%$0.999883
-0.00%$0.179942
4.48%$0.705385
7.09%$0.245585
-0.32%$1,795.95
5.46%$93,815.00
2.66%$3.04
24.30%$14.95
7.75%$22.37
2.87%$9.08
0.66%$0.269241
3.54%$0.00001364
2.90%$3.17
5.93%$0.182254
2.77%$2,158.03
5.59%$0.999931
0.00%$361.76
0.97%$83.45
0.28%$4.11
4.83%$18.60
-0.93%$4.52
-0.03%$1.001
0.05%$1,800.73
5.68%$0.999372
-0.11%$0.659381
2.97%$229.35
2.75%$28.66
0.35%$1,917.61
5.64%$0.00000896
6.31%$93,706.00
2.32%$6.05
7.30%$5.36
4.51%$52.31
0.98%$2.50
7.89%$346.30
-0.32%$0.931461
4.02%$23.63
-0.28%$5.17
5.03%$13.09
45.47%$32.64
-0.61%$16.87
3.60%$166.98
8.93%$1.049
0.06%$0.090414
-0.76%$0.095234
2.50%$1.00
0.00%$4.64
3.51%$0.700969
1.53%$0.02609608
5.38%$1.17
0.04%$4.39
3.24%$0.224875
3.31%$93,664.00
2.78%$0.341401
9.57%$0.215965
6.63%$2.77
5.21%$4.23
0.16%$2.82
4.86%$0.624763
1.38%$0.512478
5.42%$0.337228
7.83%$0.997546
-0.27%$4.12
2.43%$93,831.00
2.69%$10.33
2.35%$0.452632
5.90%$0.767794
6.80%$158.16
4.37%$1,469.76
3.10%$0.0000155
8.69%$0.07618
2.47%$0.776761
-1.68%$1.12
3.99%$0.868024
8.24%$0.600404
7.81%$1,798.66
5.57%$0.01692632
3.59%$1.061
-2.45%$1,874.17
5.64%$71.60
4.84%$0.671202
2.53%$0.195654
6.18%$3.71
5.31%$0.99983
-0.08%$9.56
6.02%$0.660291
-3.80%$0.09096
3.35%$0.999718
-0.04%$2,027.80
5.66%$1.00
0.03%$0.999937
-0.05%$3,297.63
-2.82%$607.02
-0.32%$0.01669117
12.34%$92,667.00
2.76%$13.96
-8.64%$3,301.52
-2.99%$166.09
3.95%$194.01
4.07%$0.01713481
4.69%$2.58
2.60%$93,583.00
2.40%$0.02233877
24.07%$0.815176
6.82%$0.298447
4.24%$0.192972
5.37%$1,911.57
5.50%$0.692511
4.33%$0.117445
0.16%$0.00007081
13.05%$0.997617
-0.00%$3.66
-5.97%$0.528037
19.83%$0.65925
0.68%$0.00000064
1.54%$2.02
2.02%$93,791.00
1.92%$0.397115
3.36%$0.99904
-0.07%$30.85
1.87%$0.244101
8.36%$0.317985
3.67%$1.10
-0.30%$1.81
-0.22%$1,881.59
5.86%$0.539159
2.73%$0.00609777
-4.63%$16.87
6.91%$0.152712
4.30%$0.548287
16.14%$33.80
7.15%$3.33
-2.79%$0.054014
43.71%$0.538461
0.56%$0.772033
20.31%$0.533413
10.24%$0.647234
5.13%$0.998829
-0.11%$91,080.00
3.51%$94,807.00
-0.24%$0.00847961
-1.80%$0.444189
2.89%$0.067267
0.04%$2.27
13.81%$93,624.00
2.35%$1.72
3.81%$0.999883
-0.00%$0.179809
4.40%$1.30
0.34%$1,877.45
5.46%$0.999881
-0.00%$0.00002195
1.52%$15.44
4.04%$0.149558
6.73%$0.172488
40.96%$0.00683622
13.19%$1,795.19
5.46%$6.03
4.46%$110.78
0.01%$93,652.00
2.70%$0.00000043
-0.23%$6.45
9.35%$0.51627
19.14%$0.511813
6.29%$1.084
0.02%$0.997324
-0.42%$2.51
4.10%$0.078531
4.30%$3.62
0.11%$0.336711
10.14%$1,796.60
5.35%$0.04085206
4.75%$0.225057
3.37%$1,796.81
5.52%$43.27
4.03%$1,912.52
5.46%$0.08209
4.15%$1.00
-0.05%$0.00705774
8.18%$1,796.72
5.39%$0.999992
0.04%$0.177877
1.06%$21.65
-0.63%$0.000065
4.21%$0.00417382
3.83%$0.999103
-0.29%$0.562317
2.05%$0.354157
10.28%$0.824104
2.23%$0.01730198
0.78%$0.00472958
53.20%$1,837.11
5.68%$0.0000016
14.96%$1.001
-0.06%$0.999641
-0.02%$0.334539
5.82%$0.119369
0.01%$0.03154338
0.21%$2.73
3.39%$0.671408
11.29%$93,614.00
2.48%$1.21
6.21%$0.296414
14.28%$27.02
5.10%$114.32
4.25%$0.707297
4.19%$0.240337
4.96%$0.652132
9.64%$0.999852
-0.05%$0.139109
-1.02%$3.57
0.69%$1,781.54
5.77%$93,583.00
3.61%$0.999898
0.06%$2.91
4.36%$22.40
3.72%$0.27125
1.52%$3,187.35
0.01%$1,901.97
5.65%$1,797.55
5.56%$0.188552
3.82%$0.112903
2.65%$0.03736666
1.51%$0.513367
4.38%$0.25242
17.06%$1,880.80
2.32%$15.38
6.81%$0.02970989
4.55%$0.01267964
2.22%$0.442725
3.27%$22.35
2.74%$0.00280608
3.04%$0.73176
2.76%$0.947911
6.26%$1.037
6.04%$0.00272052
7.25%$1,971.01
5.56%$1,957.18
5.65%$0.00
5.56%$0.999779
-0.04%$93,941.00
2.99%$1.00
-0.00%$2.23
2.39%Reading
Solana-based Moo Deng (MOODENG) shot up over 80% within an hour after prominent American crypto exchange Coinbase announced it plans to list the token.
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 the all-time high price of $0.68 it touched in November. It only has 16% more to rise until it beats that level, though.
Assets added to the roadmap today: Moo Deng (MOODENG)https://t.co/rRB9d3hSr2
— Coinbase Assets 🛡️ (@CoinbaseAssets) December 2, 2024
The asset runs on Solana's network—a blockchain that has this year become increasingly attractive for those wanting to mint new tokens.
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 the San Francisco-based firm 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."
As the price of Bitcoin has increased, hitting new all-time highs this year, so have meme coins and tokens. Meme coins are cryptocurrencies based on internet jokes, celebrities, real-world events, and beyond. They can make lucky traders a lot of money, but can just as easily lead to huge losses due to their volatility.
A popular meme coin that surged to prominence in late September—making some investors millions in the process—had spent the last few weeks in an apparent death spiral as traders moved on to other coins. But now it's up 200% on the day after top crypto exchange Binance took notice. The Solana-based Moo Deng (MOODENG) has tripled in price over the last 24 hours, per data from CoinGecko, rising to a current price of about $0.23 after hovering below the $0.08 mark in recent days. The spike commenced...
MOODENG in particular made headlines after one trader turned an $800 investment into $7.5 million.
But it can be hard to reap the rewards from such assets: As Decrypt has previously reported, liquidity is an issue in the space. One investor who made millions on paper couldn't take home their winnings immediately, because such a move could cause a market crash by draining all of the liquidity—and render any big gains worthless.
Edited by Andrew Hayward
A diamond-handed trader bought $173 of a Solana meme coin in mid-December, when it had a market cap of just $6,510. In the four months since then, the token has skyrocketed over 361,500%, bumping their investment to $224,390. Troll (TROLL) was created on launchpad Pump.fun in May 2024, as a token dedicated to the classic internet meme: the Trollface. The character was used to represent an internet troll taking pleasure in another’s annoyance. It was first drawn by Carlos Ramirez in 2008 and post...
Bitcoin briefly surged past $94,000 early Tuesday morning at around 4am ET, triggering a massive unwinding of short positions that accelerated its upward momentum. At time of publication, Bitcoin's price has retreated slightly to $93,681, up 5.7% on the day, according to data from CoinGecko. The price action decimated bearish bets, with roughly $300 million in Bitcoin shorts liquidated in the past 24 hours, per data from Coinglass. Total crypto market liquidations reached approximately $650 mil...
Bitcoin traded above $93,500 Tuesday evening in New York, notching a fresh monthly high as easing trade war fears and shifting U.S. monetary signals stoked investor demand for risk assets. The rally came as market participants reassessed the trajectory of the U.S.–China trade dispute following conciliatory remarks from U.S. officials, as well as reports that President Donald Trump had softened his stance on firing Federal Reserve Chair Jerome Powell. The combination helped lift sentiment across...