MOODENG Memecoin: From Zoo Star to Crypto Sensation
Launched in September 2024 on Solana’s Pump.fun platform, MOODENG is a memecoin inspired by Moo Deng, a baby pygmy hippo from Thailand’s Khao Kheow Open Zoo. The token has experienced a meteoric rise, surging approximately 3,400% from its initial price of $0.018 to around $0.61, and achieving a market capitalization of $630 million.
It’s popularity soared following its inclusion on Coinbase’s listing roadmap, which led to a 120% price increase. Earlier, the token’s price doubled after Binance Futures announced a USD-Margined perpetual contract for MOODENG.
The memecoin’s appeal extends beyond its financial performance. Moo Deng’s viral fame, characterized by her adorable antics and widespread social media presence, has attracted a dedicated fanbase. Major brands like DreamWorks and Bayern Munich have featured the hippo in their content, further boosting the token’s visibility.
In a philanthropic gesture, the MOODENG team has pledged to donate all trading fees generated through the Moonshot app to the Khao Kheow Open Zoo, supporting the real-life Moo Deng’s care.
While MOODENG’s rapid ascent is noteworthy, potential investors should exercise caution. As with many memecoins, its value is highly speculative and influenced by market sentiment rather than fundamental utility.
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