Moo Deng, a baby hippopotamus who has captured the hearts of internet users with her charming antics, is now making waves in the cryptocurrency market. The adorable hippo, residing at a Thailand zoo, has been attracting crowds and sparking a wave of online affection ever since videos of her playful nature went viral.
This online popularity has, unsurprisingly, led to a new memecoin themed around Moo Deng, aptly named MOODENG. Launched earlier this month on the Solana blockchain, the token has experienced a remarkable surge, increasing by almost 700% since its debut. As of this writing, MOODENG boasts a market capitalization exceeding $190 million. In fact, it recorded the highest 24-hour increase amongst memecoins introduced through Pump.Fun, Solana’s token launchpad, with a staggering 80% rise.
While the longevity of this memecoin frenzy remains uncertain given the volatile nature of the memecoin market, retail traders are seizing the opportunity to capitalize on the ongoing interest surrounding Moo Deng. At the time of writing, MOODENG was trading at $0.1944, a substantial 80.7% increase in the past 24 hours.
This phenomenon highlights the interconnectedness of internet trends and the cryptocurrency market, showcasing how viral sensations can translate into real-world financial gains. Whether this surge will be short-lived or a longer-term trend remains to be seen, but Moo Deng’s journey from internet darling to memecoin influencer is a testament to the unpredictable and often humorous nature of the crypto world.
