Solana Memecoin Soars 108% As Coinbase Adds Crypto Asset To Roadmap

A new animal-based memecoin is surging to start the week, as Coinbase adds the crypto asset to its listing roadmap.

Moo Deng (MOODENG), a crypto asset honoring the baby hippo who became an international sensation, soared 108% as the top US crypto exchange made the announcement.

The Solana-based memecoin is now up 59% at time of publishing, at $0.5609, with a market cap of $555.8 million.

The announcement from Coinbase means the firm has determined the asset will be available for trading in the near future, although the coin is not yet live on the platform.

Moo Deng launched in mid-September and reached its all-time high of $0.6804 on November 15th.

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Featured Image: Shutterstock/Everyonephoto Studio/Sensvector