Coinbase, the crypto exchange, has added Mog Coin (MOG) to its trading roadmap, marking another step in its ongoing meme coin listing spree.
The announcement on its official X account, reveals that MOG will be listed on Base, Coinbase’s Ethereum layer-2 scaling solution. The Base currently holds nearly $4 billion in user deposits, boosting the visibility of the token.
As per the data of CoinMarketCap, the price of MOG has surged by 23% following the announcement. However, at the time of writing, the price reached nearly $0.05241. pushing its market cap to approximately $1 billion and making it the tenth-largest meme coin by valuation.
This listing follows Coinbase’s recent addition of several meme coins, including Pepe, Floki, Dogwifhat, and Moo Deng, all added in less than a month.
The exchange is also rumored to be preparing to list Peanut The Squirrel (PNUT), which was featured in the tutorial of Coinbase Apple Pay. This could be another meme coin to gain traction, as the integration of Apple Pay will likely increase access to cryptocurrencies, potentially driving liquidity toward tokens like MOG and others.
Recent listings coincide with expectations surrounding President Donald Trump’s re-election and potential changes to crypto regulations. The U.S. elections that took place on November 6, resulted in a Republican victory in the White House and Senate, which might have influenced Coinbase’s strategy.
Also Read: Coinbase Integrates Apple Pay for Easy Crypto Purchases
