Moca Network (MOCA) Price Surges 370% After Upbit and Bithumb Listings

Moca Network (MOCA), the native token of the Mocaverse ecosystem, skyrocketed by 370% following major listings on South Korea’s leading exchanges, Upbit and Bithumb.

Both exchanges introduced MOCA in Korean Won (KRW) trading pairs, igniting massive investor interest and trading volume. The listings mark a significant milestone for Moca Foundation, positioning South Korea as a key market for web3 adoption

Upbit announced that MOCA will be tradable in KRW, BTC, and USDT spot pairs starting December 16 at 2:00 PM KST. Bithumb also unveiled support for MOCA on the Ethereum network, emphasizing strict verification protocols for deposits and withdrawals. The token’s rebranding to “Mocabus” aligns with South Korean market norms, reinforcing MOCA’s integration into the region.

Why South Korean Listings Matter

The decision by Upbit and Bithumb—two of South Korea’s largest crypto exchanges—to list MOCA reflects growing demand for web3 projects in the country. MOCA Foundation highlighted this milestone as part of its broader strategy to expand the Moca ecosystem, aiming to onboard over 28 million retail consumers.

Yat Siu, co-founder of Animoca Brands, expressed his gratitude, stating, “Thank you Upbit and welcoming Korea to the Moca Network, bringing mass adoption to web3.” Siu’s remarks underscore South Korea’s pivotal role in fostering web3 adoption, supported by the region’s tech-savvy population and rapidly growing crypto infrastructure.

The sudden price spike also triggered a surge in trading volume, climbing over 600% in 24 hours. Futures open interest (OI) jumped an astounding 1,250% within a day, reaching $33.27 million. This signals strong trader confidence and speculative activity around MOCA, pointing to further upside potential.

MOCA Price Action and Whale Activity

MOCA’s price currently stands at $0.40, marking a dramatic rise from its 24-hour low of $0.08. Analysts attribute this surge to the inflow of new liquidity following the listings. Notably, Lookonchain revealed significant whale activity, with two wallets depositing 9.5 million MOCA tokens, valued at $3.55 million, to Bybit.

The move suggests that the same entity could secure $2.55 million in profits if sold entirely, showcasing the scale of institutional involvement.

Key Highlights Driving MOCA’s Surge:

• Upbit and Bithumb Listings: MOCA gains KRW trading pairs.

• Massive Volume Spike: 600% increase in 24-hour trading volume.

• Futures Open Interest: OI jumps 1,250%, hitting $33.27 million.

• Whale Activity: $3.55M worth of MOCA moved to exchanges.

• Price Levels: MOCA hits $0.40, rising 370% in a single day.

The combination of strategic exchange listings, whale accumulation, and heightened futures activity has fueled MOCA’s impressive rally. As Moca Foundation continues its South Korean expansion, investors are closely monitoring MOCA’s next move.