The MOCA token, associated with the Mocaverse ecosystem, soared by an impressive 370% following news of its listing on South Korean exchanges Upbit and Bithumb. Investors reacted strongly to the opportunity to trade the token against the Korean won (KRW), driving massive interest in the asset.
Listings on South Korea’s Leading Exchanges
On December 16, Upbit and Bithumb — South Korea’s largest cryptocurrency exchanges — added MOCA to their platforms. Upbit users can now trade MOCA in pairs with KRW, BTC, and USDT. Exchange representatives emphasized that deposits and withdrawals are only available through wallets with verified ownership.
Bithumb, in turn, added MOCA on the Ethereum network with a base price of 136 won per token (~$0.095). The exchange also announced the listing of another token from the ecosystem — MOODENG — also available for trading against the Korean won.
South Korean Market as a Key Target
The MOCA Foundation stated that listing on South Korean exchanges is an important milestone for the project. The company’s announcement noted that South Korea is a key market for expansion, and the team aims to attract more than 28 million retail users to its ecosystem.
Yat Siu, co-founder of Animoca Brands, thanked Upbit for supporting the project.
“We’re delighted to welcome South Korea to the Moca Network ecosystem, enabling the mass adoption of Web3,” he said.
Previously, Yat Siu stated that the NFT market would not only recover from its slump but also surpass the best performance seen in 2021.
MOCA’s Reaction
Following the listing announcement, MOCA’s price jumped to $0.41 (+370%), later correcting to $0.2179. Daily trading volume rose by 6,377%, reaching $1.14 billion. Open interest in MOCA futures also spiked, increasing by nearly 1,250% in 24 hours.
