Moo Deng (MOODENG) Price Surges 26% Following OKX Listing, Rally Expected to Continue
Highlights:
- MOODENG price rises approximately 26% after a major listing on the OKX crypto exchange.
- OKX adds the Solana-based meme coin to its USDT trading market.
- Investors anticipate further gains amid strong support from leading exchanges.
The Solana-based meme coin, Moo Deng (MOODENG), has seen its price spike by nearly 26% on Friday, driven by the announcement of its listing on the popular Asian crypto exchange OKX. This move has fueled market enthusiasm and speculation about the token’s potential for sustained growth, particularly amid the current bullish trends in the meme coin sector.
OKX Listing Fuels Market Optimism
In an official announcement on November 15, OKX confirmed that MOODENG/USDT spot trading would begin at 12:00 PM (UTC). The listing opens the token to OKX’s extensive user base, potentially increasing liquidity and attracting new investors.
This development comes during a broader meme coin market rally, with tokens like Dogecoin and Shiba Inu posting weekly gains of 90% and 25%, respectively. Despite the strong performance of other tokens, MOODENG has captured significant attention, bolstered by backing from major exchanges.
Recently, Binance announced the launch of Moo Deng futures with up to 75x leverage, which triggered a 90% price surge in the token. The combination of support from major exchanges like Binance and OKX has amplified investor confidence, positioning MOODENG for further gains.
MOODENG Price Jumps 26% – Can It Sustain the Rally?
As of now, MOODENG is trading at $0.573, reflecting an intraday gain of 26%. The token’s 24-hour trading range spans from a low of $0.3979 to a high of $0.5788. While trading volume has yet to surge due to the OKX listing going live later today, the market remains optimistic about the token’s potential.
MOODENG has already posted remarkable growth, with weekly gains of 103% and a staggering 538% increase over the past month. These figures highlight the token’s potential for delivering exceptional returns to investors.
Further data from Coinglass shows a 26% increase in the token’s futures open interest (OI), reaching $293.14 million, while derivatives trading volume rose 10% to $2.60 billion. These statistics point to heightened market interest in MOODENG, paving the way for continued bullish momentum.
With robust support from major platforms and strong market activity, MOODENG appears poised to remain a key player in the ongoing meme coin rally.
