Canary Capital’s New ETF Drives Mog Coin Meme Price Up!

Jakarta, Pintu News – MogCoin, a little-known meme coin, has seen its price rise after Canary Capital submitted a proposal to launch an ETF that tracks the token’s price. The filing was made with the US Securities and Exchange Commission (SEC) on Wednesday, marking a major step for Mog Coin in attracting investor attention.

Introduction of Mog Coin ETF by Canary Capital

Canary Capital recently filed paperwork with the SEC to launch an ETF that will track the price of Mog Coin (MOG). The ETF is designed to give investors an easier way to invest in memecoins associated with the internet meme “Mog”. In the filing, Canary Capital explained that MOG is considered a cultural statement and digital collectible due to its association with meme culture and community-driven branding.

This ETF is expected to add legitimacy and expand Mog Coin’s reach in the financial markets. Although MOG is only worth a fraction of a penny and has seen a decline of over 80% in the past 12 months, this ETF filing managed to briefly boost its price, showing the potential for stability and growth with the right support.

Also Read: Shocking Prediction from Donald Trump’s Son: Bitcoin Will Break $1 Million!

Market Dynamics and Community Acceptance

Prior to Canary’s filing, MOG’s market value was below $140 million. However, news of the ETF pushed the token’s market value up to over $169.5 million before stabilizing at around $146.3 million. Data from Nansen shows that the token was created in July 2023 and is currently held by more than 39,000 wallets, with the 100 largest token holders controlling 53% of its supply.

While no blockchain-based utility has been announced specifically for MOG, this price increase shows that branding and cultural associations can still play an important role in the value of a cryptocurrency. The MOG community and promoters are constantly working to maintain and increase the value of the token through various branding and community engagement initiatives.

SEC Overview and Prospects of Cryptocurrency ETFs

Canary Capital is not only focused on MOG, but has also proposed ETFs to track other altcoins such as SEI from the Sei network and Official Trump (TRUMP), a memecoin associated with President Donald Trump. Last month, the asset manager launched ETFs linked to Hedera (HBAR) and Litecoin (LTC), and their ETF tracking Ripple (XRP) is expected to launch soon, which will be the first in the US to directly hold the token.

With Trump signing the financing bill that ended the 43-day government shutdown, the SEC is expected to resume the review process for cryptocurrency ETFs. This marks an important period for the development of financial products based on cryptocurrencies in the US market.

Conclusion

The launch of an ETF tracking Mog Coin by Canary Capital may be a turning point for this and other memecoins in achieving mainstream acceptance. While there are still many challenges and volatility in the market, initiatives like this show the potential for significant growth in the cryptocurrency industry.

Also Read: Bitcoin Poised to Surge After US Government Shutdown Deal: History Repeats?

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

FAQ

• What is Mog Coin (MOG)?
  • Mog Coin (MOG) is a memecoin associated with the internet meme “Mog” and is considered a digital collectible as well as a cultural statement.
• Who is proposing an ETF for Mog Coin?
  • Canary Capital filed a proposal with the SEC to launch an ETF that tracks the price of Mog Coin.
• What was the market value of Mog Coin before and after the ETF filing?
  • Before the filing, Mog Coin’s market value was less than $140 million. After the filing, the value briefly rose to over $169.5 million and then stabilized at around $146.3 million.
• Are there any blockchain utilities announced for Mog Coin?
  • To date, no blockchain-based utilities have been specifically announced for Mog Coin, with the main focus on branding and cultural associations.
• What impact will Trump’s signing of the financing bill have on cryptocurrency ETFs?
  • The signing of the bill ended the government shutdown and allowed the SEC to resume the review process for cryptocurrency ETFs, paving the way for more crypto-based financial products in the US market.

Reference

• Cointelegraph. Canary Capital Files MoG ETF, Boosting the Little-Known Memecoin. Accessed on November 14, 2025