Mog Coin (MOG) Market Snapshot
Current Market Performance
Mog Coin (MOG) is currently trading at approximately $0.0000003. The token has seen minor fluctuations recently, with a 0.31% increase over the last 24 hours and a 2.23% gain over the past week. Its daily trading volume stands at $13,425,419, with the price moving between a low and high of $0.0000003 within that period.
Market Capitalization and Supply
With a market capitalization of $105,724,686, Mog Coin is ranked #398 in the cryptocurrency market. Its fully diluted valuation matches its market cap, as the entire supply is currently in circulation.
The circulating and total supply of MOG is 390,564,927,941,506 tokens, out of a maximum possible supply of 420,690,000,000,000 tokens.
Historical Price Data
Looking at its longer-term performance, Mog Coin has experienced significant downward pressure. The price has fallen by 41.67% in the last 30 days and has seen a decrease of 87.62% over the past year. The token’s all-time high was recorded at $0.000004, while its all-time low of $0.000000004526 was reached on July 24, 2023.
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A California court has ruled in favor of Coinbase, allowing the cryptocurrency exchange to proceed with its decision to delist Wrapped Bitcoin (wBTC). The ruling denies a restraining order sought by the firm BiT Global, which had attempted to legally block the removal of the token from the platform.
Details of the Legal Challenge
The legal conflict began when BiT Global initiated action to prevent Coinbase from halting support for wBTC. The company sought an injunction to compel the exchange to maintain the asset’s listing. However, the court’s decision affirms Coinbase’s authority over its own platform’s offerings.
This outcome effectively ends the legal challenge from BiT Global on this matter and clears the way for Coinbase to move forward with the delisting. Wrapped Bitcoin is an ERC-20 token on the Ethereum blockchain that is pegged to the value of Bitcoin, allowing BTC to be utilized within Ethereum’s Decentralized Finance (DeFi) ecosystem. The court’s decision highlights the operational autonomy that centralized exchanges typically retain in managing their listed assets.