As a seasoned analyst with over two decades of experience in the volatile and unpredictable world of cryptocurrencies, I have seen my fair share of meme coins that skyrocket for seemingly no reason at all. However, the rapid rise of Moo Deng (MOODENG) has left even this jaded observer impressed.
A meme cryptocurrency called Moo Deng (MOODENG) experienced a 42% increase in value, as traders using the Solana platform aim to cash in on the extraordinary fame of a viral Thai pygmy hippo.
Initially, the Solana token made its debut on the meme-based trading platform Pump.fun on September 10th. Since then, it has gained considerable popularity among Solana traders, rivaling the charm of its corresponding meme symbol.
Based on information from the cryptocurrency price tracker, CoinGecko, Moodeng’s (Moodeng) value increased to $0.1198 today, marking a significant rise of approximately 42.7% over the previous 24 hours.
In the past 24 hours, Moo Deng’s market cap has soared from $71 million to $120 million.
A company specializing in blockchain analysis, Lookonchain, recently shared an intriguing story on their platform about a shrewd trader who struck it rich with the Hippo token. This trader exchanged 9.8 Solana tokens for approximately 38.7 million Moo Deng tokens. Since this purchase, the trader has accumulated a staggering 2554-fold profit on their investment in Moo Deng.
In just a fortnight, this individual transformed an initial investment of $1,331 into a staggering $3.4 million, resulting in a massive multiplication of 2554 times the original amount! 😱On September 10th, he exchanged approximately $9.8 worth of SOL for 38.7 million MOODENG tokens. Now, these tokens are valued more than $3.4 million!— Lookonchain (@lookonchain) September 25, 2024
presently, Moo Deng holds the leading position among meme coins on Gecko Terminal’s rankings, surpassing prominent competitors such as BILLY, SCF, and DADDY.
It appears that the token symbolizes the unabated popularity of Moo Deng in the real world, leading to an increased desire for continuous interaction. In response to this surge of interest, Khao Kheow Open Zoo has declared intentions to broadcast a round-the-clock livestream featuring Moo Deng, the pygmy hippo.
Born in Chonburi, Thailand, Moo Deng – which translates to “Bouncy Pork” in Thai – is a playful two-month old pygmy hippo. Her irresistible charm, characterized by her plump cheeks and permanently damp look, has captured the affection of countless internet users worldwide.
As a crypto investor, I’ve noticed a striking resemblance between the meteoric rise in popularity of the adorable baby hippo, affectionately known as Moo Deng, and my favorite altcoins. Just like how her viral videos amassed millions of views, turning her into an internet sensation, some of these coins have skyrocketed in value, making me a digital celebrity among my investment circle. Memes featuring Moo Deng are everywhere, just as the memes about promising crypto projects flood the web. It’s a fascinating parallel between the digital and real worlds!
According to Narongwit Chodchoy, the director of Khao Kheow Open Zoo, there’s been a surge in visitors – up to 50% – due to a lovable animal attraction. He anticipates that the zoo will generate over $6.13 million by year-end.
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2024-09-26 16:08