Beeple Returns to Crypto with Moo Deng Meme Coin Tweet

Michael Winkelmann, popularly recognized as Beeple, has returned to the emerging crypto scene after dedicating recent months to politics and lifestyle themes. In his latest daily artwork, this influential digital creator shared an image related to Moo Deng, a meme coin that has been gaining popularity within the Solana ecosystem. This article will explore the reasons why Beeple is a key figure to follow as the crypto and non-fungible token markets appear poised for another potential bull run.

Beeple Discusses Moo Deng

In a blog post dated September 30, Beeple showcased an illustration of stacked little hippos with the phrase, “We are all moo deng,” as part of his daily creative output. The artwork and its accompanying caption were connected to Moo Deng, a newly minted meme coin honoring Moo Deng, a two-month-old pygmy hippo who has captured the internet’s heart through her playful behaviors and charming expressions. This meme coin has seen remarkable growth, achieving a market cap exceeding $300 million within just 20 days.

we are all moo deng pic.twitter.com/I9MOvdaARW

— beeple (@beeple) September 30, 2024

Beeple is an American digital artist, graphic designer, and animator celebrated for his non-fungible token collections. His artistic endeavors incorporate diverse media to craft humorous pieces that provide political and social critiques while referencing pop culture figures. Since 2007, Beeple has committed to creating art every single day, and his following on X, formerly known as Twitter, has swelled to nearly 800,000.

The recent tweet from Beeple regarding Moo Deng surfaced amid heightened speculation that the crypto and non-fungible token markets could be entering another bull run in the fourth quarter of 2024. These optimistic projections are informed by historical market patterns. Last year, the global non-fungible token market saw a revival in excitement following significant sales spikes driven by Bitcoin Ordinals and BRC-20 NFT collections.

Beeple’s renewed focus on the crypto space, alongside other market dynamics, may indicate the onset of a potential NFT market bull run before year-end. Notably, numerous meme coins, such as Pepe the Frog, have successfully transitioned into NFT collections. In this light, the emergence of a Moo Deng NFT collection seems plausible as the Moo Deng meme coin continues to gather momentum.

Why Is Beeple A Key Figure to Monitor in Crypto?

Beeple is more than just an artist or influencer; he is a pivotal player in the NFT landscape. It is widely believed that he single-handedly ignited the historic NFT Bull Run of 2021. He initially entered the crypto market in 2018 but remained relatively inactive until 2020, when he discovered NFTs. At that time, the NFT artist digitized his work “Everyday: The First 5000 Days” as an NFT, which famously sold for nearly $70 million.

Just days before the U.S. presidential election in late October 2020, Beeple launched three pieces on the NFT marketplace Nifty Gateway. One of the collections, titled “Politics Is Bullshit,” depicted a bull in distress tattooed with the American flag, with a Twitter bird perched on its neck. This collection garnered significant attention and achieved a sale price of $6.6 million.

4. The Boom and Mainstream Awareness (2020-2021)

The NFT market erupted in 2021, with major sales capturing global interest. Highlights included Beeple’s “Everydays: The First 5000 Days” fetching $69 million at Christie’s. pic.twitter.com/lZIoKW8zlt

— Matee NFTARMY (@Matee39) September 21, 2024

Beeple’s staggering sales resonated across major news platforms, attracting interest from substantial businesses and institutions within the NFT sphere. These monumental sales acted as the driving force behind the significant NFT boom of 2021. As U.S. citizens head to the polls this year, with presidential candidates Kamala Harris and Donald Trump showing interest in blockchain technology, Beeple’s NFT artwork could resell for millions, potentially setting the stage for another market surge.

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