MOODENG Soars 1,300%: The New Memecoin Turning Tiny Investments Into Millions

A new memecoin called MOODENG has taken the crypto market by storm, inspired by a pygmy hippo named Moo Deng from Thailand’s Khao Kheow Open Zoo.

The coin, launched on the Solana blockchain, has skyrocketed to a $315 million market cap, becoming one of the largest memecoins.

Trading volume surged to $172 million in just 24 hours, and the token has seen an impressive 1,300% increase over the past week, now trading near $0.27.

MOODENG’s rapid growth has spurred other related tokens, while an unofficial fan page for the hippo has drawn thousands of followers, amplifying interest.

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The broader memecoin space has seen a resurgence, with coins like Dogecoin and Floki also experiencing price jumps.

Early MOODENG investors are reaping huge rewards, with some turning small investments into millions within days.

However, the volatile nature of memecoins continues to attract retail traders seeking quick profits, despite the inherent risks tied to market sentiment and social media trends.

Filip Vantchev