Upbit, the largest cryptocurrency exchange in South Korea, listed the meme coin MOODENG. Trading began on July 3 with pairs against the Korean won, Bitcoin, and USDT. The project is launched on the Solana network and references a hippopotamus named Moodeng, born in Thailand’s Khao Kheow Zoo.
Listing Conditions and Restrictions
According to the official statement, trading started on July 3 at 17:00 Korean Standard Time. MOODENG is only supported on the Solana network. Using another network could result in loss of funds or delays in refunds. The token contract is ED5nyyWEzpPPiWimP8vYm7sD7TD3LAt3Q3gRTWHzPJBY.
Current MOODENG Prices
As of July 3 at 13:35 KST, MOODENG was trading at:
- 232.73 KRW.
- 0.00000157 BTC.
- 0.171 USDT.
Compared to the previous day, the token price rose from 194.92 KRW, 0.00000132 BTC, and 0.143 USDT, respectively. At the time of writing, the token is trading at $0.19.
Project and Risk Overview
MOODENG is a meme coin focused on community engagement and does not claim any fundamental value. It was launched in December 2024 and leverages the image of a real animal to attract users within the Solana ecosystem. Previously, the token experienced a record surge amid a wave of speculative trading on Coinbase.
Upbit warns investors of potential risks. These include sharp price swings, discrepancies in pricing across international platforms, and limited liquidity at the start of trading.
It is also important to note that deposits and withdrawals are only permitted from verified wallets approved under the Travel Rule. Funds received from unsupported sources may experience delays or be rejected. In the event of suspicious transfers, users may be required to submit documentation proving the origin of the funds.
This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.
