Animoca Founder Yat Siu Shills Moca Coin, Price Soars 15%

The founder of Animoca Brands, Yat Siu, has unveiled two-stage reward plans for MOCA tokens. It is a giveaway as a part of the Christmas holiday celebration. Despite falling short of the 2000 retweets for his July post, Siu emphasized celebrating the success of the Moca Network launch. This announcement has fueled excitement within the Web3 community, leading to a 15% surge in MOCA price as the token continues its impressive monthly growth.

Animoca Founder Unveils MOCA Rewards Amid Christmas Holiday

On December 23, Animoca founder announced a MOCA token giveaway, rewarding early post-engagers and the broader Moca community. According to the announcement, the giveaways will be rolled out in two stages, with the first stage prioritizing those who interacted with his initial post. For the second stage, Yat Siu has invited suggestions from the community for creative engagement activities.

This move reflects Siu’s commitment to building a decentralized and interconnected Web3 future through the Moca Network. Powered by Animoca, the network enables users to control their digital identities, monetize data, and enjoy seamless cross-platform interactions. Besides, the announcement has reignited interest in the project, showcasing its potential to bridge Web2 and Web3 ecosystem.

Moca Network Gains Traction As MOCA Surges 15%

The Mocaverse is reshaping digital identity with its decentralized solutions. Animoca founder’s recent giveaway announcement has sparked renewed interest, pushing the token’s price up 15% in the last 24 hours. MOCA price surged an impressive 350% rise last week following its listing on major exchanges like Binance, Upbit, and Bithumb.

Currently trading at $0.288, It boasts a market cap of $459 million and a 24-hour trading volume of $620 million. This momentum highlights strong investor confidence as the token gains visibility in the Web3 space.

According to SoSo Value, 692K MOCA tokens are set to unlock on December 27. While a relatively small percentage, token unlock events often catch the market’s attention, potentially affecting short-term sentiment. With robust growth and key developments, it continues to solidify its position as a leading Web3 asset.

Meanwhile, Moca 3.0, the network’s latest upgrade, empowers users to control their identities, monetize data, and seamlessly interact across Web2 and Web3. As the network builds its interoperable infrastructure, the token is emerging as a key driver of its ecosystem’s success.