Mog Coin, a memecoin based on the concept of ‘mogging,’ has skyrocketed in value by an astounding 1,800% in the past month, amidst a memecoin trading frenzy. With a market value now exceeding $371 million, the coin has become a top performer in the crypto bull market.
Originating from the fringes of the internet on 4chan, ‘mogging’ is linked to ideas of misogyny and toxic masculinity. However, members of the Mog Coin community argue that the meme has evolved beyond its controversial beginnings to symbolize self-improvement, support, and ambition.
The coin’s success is attributed to its culture of confidence, resilience, and celebrating personal growth. While it reflects themes of masculinity and dominance, there is a debate surrounding the use of such imagery in the community and its potential ties to right-wing politics.
