South Korea’s leading crypto exchange, Bithumb, has expanded its offerings by listing MOODENG and Mocaverse. The new trading pairs in KRW markets launch today, sparking significant interest among investors.

Bithumb Launches MOODENG and Mocaverse on KRW Markets

Bithumb, following in Upbit’s footsteps, is now supporting trading for MOODENG and Mocaverse. This move is set to enhance the platform’s cryptocurrency selection, attracting a broader user base.

Trading Details Announced by Bithumb

The listing will commence at 2:00 PM KST on December 16, 2024. For MOCA, trading operates on the Ethereum network, while MOODENG utilizes Solana.

• Deposit/Withdrawal Timelines:
  • MOCA: Deposits and withdrawals will be available within 2 hours post-notice.
  • MOODENG: Deposits and withdrawals will commence within 3 hours.

Additionally, both cryptocurrencies require a specific number of confirmations to ensure transaction security—33 for MOCA and 20 for MOODENG.

Initial Pricing and Market Impact

At the time of listing, MOCA is priced at 136 won, and MOODENG stands at 539 won. These initial prices have already influenced market movements significantly.

Market Surge Statistics

Cryptocurrency	Price Increase	Market Cap Growth	24h Volume Surge
MOCA	+377%	+376.47%	+861.54%
MOODENG	+5.39%	+5.47%	+67.94%

Courtesy: CoinMarketCap

It’s clear that the listing has had an immediate positive effect on both tokens, with MOCA experiencing a remarkable surge.

Trading Restrictions and Features

To maintain market stability, Bithumb has implemented specific trading restrictions:

• Buying Orders: Limited for the first 5 minutes post-launch.
• Selling Orders: Restricted for 5 minutes if prices dip below -10% or rise above +100% of the standard price.

These measures aim to prevent extreme volatility right after the listing. Moreover, Bithumb allows automatic orders once the initial transactions have been processed.

Community and Investor Reactions

Investors are buzzing about the new listings. Many see this as a strategic move by Bithumb to diversify its crypto offerings and meet growing demand.

“Adding MOODENG and Mocaverse is a smart move,” says Jane Kim, a local crypto analyst. “It provides more options for traders and could lead to increased activity on the platform.”

Future Prospects for MOODENG and Mocaverse

With the current momentum, both MOODENG and Mocaverse are poised for continued growth. Investors are keeping a close eye on how these tokens perform in the coming weeks.

• Potential Growth Factors:
  • Increased adoption on Bithumb.
  • Positive market sentiment.
  • Ongoing developments in their respective networks.