What is Mochi (MOCHI) Crypto Coin? The Base Chain Meme Coin Backed by Coinbase's Cat
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If you’ve seen a cute orange tabby cat popping up in crypto Twitter threads and heard people talking about Mochi, you’re not imagining things. Mochi (MOCHI) is a meme cryptocurrency built on Coinbase’s Base blockchain - and it’s named after Brian Armstrong’s real-life pet cat. Unlike most meme coins that ride viral trends, Mochi has a direct link to one of the biggest names in crypto: Coinbase. But does that make it a good investment, or just another cat-themed gamble?
What Exactly Is Mochi (MOCHI)?
Mochi (MOCHI) is a token created specifically for the Base blockchain, which is Coinbase’s Layer 2 solution built on Ethereum. It launched in August 2023, right before Base’s mainnet went live. The token’s entire identity is built around Mochi, the orange tabby cat owned by Coinbase CEO Brian Armstrong. The artwork? Designed by Antoine Mingo, the same artist behind Pudgy Penguins - so it’s got legit design cred.
It’s not a utility token. There’s no staking, no governance, no DeFi features. You can’t use MOCHI to pay for anything. It exists purely as a meme - a digital mascot meant to make crypto feel friendlier, especially for new users. Think of it like Dogecoin’s Shiba Inu, but with a real cat, a real CEO, and a real company backing its visibility.
How Does Mochi Work Technically?
Mochi runs as an ERC-20 token on the Base blockchain. Its smart contract address is 0xf6e98d9a36c0b8e59e3c5d5f5e5c02e50, and it’s been verified on Etherscan. The total supply is fixed at 1 trillion MOCHI tokens. As of mid-2024, about 937.6 billion were in circulation - meaning nearly 94% of all tokens are already out there.
Some websites claim Mochi is deflationary because of its capped supply, but there’s no burning mechanism. No tokens are being destroyed over time. That’s a key detail. If you’re looking for scarcity-driven value, Mochi doesn’t deliver that. Its value comes from perception, not mechanics.
Trading happens almost entirely on decentralized exchanges like BaseSwap and Aerodrome Finance. You won’t find MOCHI on Coinbase’s main app or any major centralized exchange. To buy it, you need a wallet like MetaMask, connected to the Base network, and some ETH or USDC to swap for MOCHI.
Market Performance and Stats (2025)
As of November 2025, Mochi trades around $0.00000245 USD. That’s down over 96% from its all-time high of $0.0000819 in March 2024. Its market cap sits at roughly $2.5 million, and its fully diluted valuation (if all tokens were in circulation) is just over $2.6 million.
Compare that to Dogecoin’s $13.7 billion or Shiba Inu’s $9.2 billion - Mochi is tiny. Even within the Base ecosystem, it’s not in the top 50 tokens by trading volume. Tokens like Friend.tech and BaseDad have bigger markets and more active users.
There are over 104,000 unique holders, but the top 10 wallets hold nearly 19% of all MOCHI. That’s a red flag. If those big holders decide to sell, the price could crash fast. Low liquidity means even small trades cause big price swings - slippage often hits 7% or more.
Why Does Mochi Even Exist?
Coinbase didn’t create Mochi to make money. They didn’t even launch it themselves. But they didn’t stop it either. Mochi was created by a community of Base enthusiasts who saw an opportunity: use Brian Armstrong’s beloved pet to build a fun, relatable entry point for new crypto users.
Here’s the real strategy: Coinbase is onboarding millions of new users to Base. In Q1 2024 alone, they added over 12.7 million new users. Most of them have no idea what a blockchain is. Mochi is designed to be the first thing they see - a cute cat, a simple token, an easy way to say, “Hey, this crypto stuff isn’t so scary.”
The project runs weekly “Mochi Mondays” on Telegram, where they teach new users how to use Base, swap tokens, and avoid scams. Over 8,400 people joined those sessions in June 2024 alone. That’s not marketing - that’s education wrapped in a meme.
Pros and Cons of Investing in Mochi
- Pros: Strong brand association with Coinbase, low barrier to entry, active community building, potential to benefit from Base’s growth.
- Cons: No utility, extreme price volatility, low liquidity, high concentration of tokens, no central exchange listing, zero guarantee of long-term survival.
There’s no fundamental reason Mochi should go up in value. No revenue, no product, no roadmap beyond “be cute and stick around.” But that’s the point - it’s a meme. And memes can go viral. If Base hits 50 million users by the end of 2025 - as Coinbase has hinted - Mochi could ride that wave. But if Base stalls, Mochi will likely vanish into the graveyard of thousands of failed meme coins.
Who Should Buy Mochi?
If you’re a crypto veteran looking for a serious investment, skip Mochi. It’s not for you.
If you’re new to crypto and want to try your first token on Base - and you like the idea of owning a piece of a cat that’s basically Coinbase’s mascot - then go for it. But treat it like buying a novelty T-shirt, not a stock. Spend only what you’re okay losing. Buy small. Don’t chase pumps. And never invest based on FOMO.
The real value of Mochi isn’t in its price. It’s in how it helps people feel comfortable in crypto. That’s why it’s still around when so many other meme coins died.
How to Buy Mochi (MOCHI) in 2025
- Get a wallet like MetaMask or Coinbase Wallet.
- Add the Base network to your wallet (chain ID: 8453, RPC: https://base.org).
- Buy ETH or USDC on a centralized exchange like Coinbase or Kraken.
- Send ETH or USDC to your wallet.
- Go to BaseSwap or Aerodrome Finance on your browser.
- Connect your wallet and swap ETH or USDC for MOCHI.
- Buy at least 100 million MOCHI to make transaction fees worth it.
Don’t use centralized exchanges to buy MOCHI - none list it. And never send MOCHI to Ethereum mainnet. It won’t work. Always double-check the contract address: 0xf6e98d9a36c0b8e59e3c5d5f5e5c02e50.
Will Mochi Survive Beyond 2025?
Analysts are split. CryptoSlate gives it a 2.5/5 rating, calling it “vulnerable to being replaced.” Token Terminal gives it a 45% chance of staying relevant past 2025. The difference? One looks at tech. The other looks at culture.
Mochi doesn’t need to be the next Dogecoin. It just needs to be the first coin new Base users buy. If it becomes the default “welcome token” for Coinbase’s next 10 million users, it could stay alive - not because it’s valuable, but because it’s familiar.
Right now, Mochi is less a cryptocurrency and more a cultural experiment. It’s testing whether a cute cat and a big brand can turn crypto from intimidating to inviting.
Is Mochi (MOCHI) a good investment?
No, not in the traditional sense. Mochi has no utility, no revenue, and no roadmap beyond being a meme. Its value depends entirely on hype and Base’s user growth. If you’re looking for returns, look elsewhere. If you want to support a fun, community-driven project tied to Coinbase’s onboarding efforts, it’s harmless to hold a small amount.
Can I buy Mochi on Coinbase?
No, you cannot buy Mochi directly on Coinbase’s app or website. It’s only available on decentralized exchanges (DEXs) that support the Base blockchain, like BaseSwap and Aerodrome Finance. You’ll need to connect your wallet and swap other tokens for MOCHI.
Why is Mochi’s price so low?
Mochi has a 1-trillion-token supply, so even a small price per token adds up to a modest market cap. Its low price reflects low demand, low liquidity, and high competition from other meme coins. The price isn’t about value - it’s about supply and trading volume.
Is Mochi a scam?
No, it’s not a scam. The contract is open-source, verified on Etherscan, and the team has been transparent about its purpose. But it’s also not a serious investment. It’s a meme with no guarantees. Treat it like a lottery ticket - fun to own, but don’t count on winning.
What’s the difference between Mochi and other meme coins?
Mochi is unique because it’s tied to a real person (Brian Armstrong) and a real company (Coinbase). While Dogecoin and Shiba Inu are internet jokes, Mochi is a brand mascot for a major crypto platform. That gives it a different kind of visibility - not based on viral trends, but on ecosystem growth.
Can Mochi’s price go back up?
It could - but only if Base grows massively. If Coinbase onboards 50 million new users by 2025, and Mochi becomes their go-to first token, demand could spike. But if Base’s growth slows, Mochi will likely fade. Its future is entirely tied to Coinbase’s success.