Mog Coin (ETH: $MOG) is a meme coin on the Ethereum network that is dedicated to viral brilliance, and memes. Its community comprises meme warriors working to unleash an onslaught of fun, viral memes.
Mog Coin Origin
Mog Coin is an ERC20 meme coin launched on Ethereum in the summer of 2023 via a fair launch via Uniswap V2. The coin began as a joke amongst a tight knit community of meme lovers, but quickly gained the attention of the meme community.
Its website is a sea of buzzwords like “open-ended memetic branding,” “cosmic domination,” and many others. Another fun feature of the site is that the cursor turns into a Cat with Tears of Joy emoji when navigating the site. In short, it communicates the project has no intrinsic value beyond bringing together a community of meme lovers.
Mog Coin draws its value from the fact that it has no intrinsic value and is part of a joke that thrives on internet meme culture. Its true value is in its ability to bring together a community of people looking for fun on the internet.
Mog Coin Tokenomics
The meme coin launched with a total supply of 420.69 trillion, which is a number that combines 420, and 69, two numbers commonly used in the online meme culture. Out of this supply, 360.568 trillion tokens are in circulation, which is around 85.7% of the total supply. The remaining tokens are distributed amongst the community, the developer team, and other ecosystem initiatives to support the growth of the project.
MOG Market Cap Soars
Mog Coin has proven itself as more than just a fad since its formation. It has retained its value quite well, and in the past 12 months, its market cap has risen 6763.1% to $843,365,523 as of Friday, 20 December 2024.
The token peaked at an all-time high of $0.00000405 on December 7, 2024, but has since lost 47.8% of that as investors take profit. Since its all-time low of $0.000000004288 in July 2023, it has gained a whopping 50089.03%.
At the start of December, Mog Coin received a huge boost when Coinbase announced that it was adding MOG to its listing roadmap. The token’s growth in 2024 has been remarkable. It began the year with a $50 million market cap, which has exploded to over $800 million as of late December 2024. Besides Coinbase, the token has been listed on other major exchanges including Bybit, Kraken, Bitstamp.
Social Media Following
Since its launch in 2023, the $MOG community has grown to incredible heights. On X, it has 110.9K followers, and on Telegram, it has 10,345 members. On Instagram, it has 5,931 followers, while on TikTok, it has 15.3K followers.
Should You Add MOG To Your Portfolio
The listing on Coinbase will help to boost its visibility, which, in the next few weeks, could ensure the coin hits a $1 billion market cap. Having already risen over 6000% in the past 12 months, the journey to $1 billion could potentially occur in early 2024. Consequently, adding MOG to your portfolio might be a winning move going forward.
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