Key Insights
- MOODENG’s value soared by 100% after the announcement of Binance Futures.
- The token previously achieved a market capitalization of $300 million, influenced by a trending baby hippo.
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The price of Moo Deng (MOODENG) has surged over 100%, rising from $0.074 to $0.168 shortly after Binance Futures declared the introduction of the MOODENGUSDT USD-Margined perpetual contract today, as per CoinGecko data. At this moment, the meme coin based on Solana is trading at $0.15, reflecting an increase of approximately 107% over the last 24 hours and 40% over the week.
The trading volume for MOODENG spiked to $195 million on Friday, exhibiting a rise of over 180% in the last 24 hours. Elevated volumes signify heightened market activity.
Binance has recently onboarded several meme coins, including Neiro (NEIRO), Turbo (TURBO), and Baby Doge Coin (1MBABYDOGE), aiming to leverage the growing enthusiasm for this niche. Such listings have prompted significant price shifts, with Neiro experiencing a remarkable 688% increase shortly after its launch.
The addition of MOODENG on Binance Futures comes just a day after Goatseus Maximus (GOAT), another Solana-based AI meme coin, captured the attention of crypto enthusiasts and was included on Binance Futures.
GOAT’s market capitalization surged to $860 million following the Binance Futures announcement. Over the previous week, its price has jumped by 69%, reaching a peak of $0.87, according to CoinGecko data.
What is Moo Deng?
Making its mark on the widely known Pump.Fun platform, the MOODENG token is based on a viral baby hippo affectionately named Moo Deng from Thailand’s Khao Kheow Open Zoo. The token has quickly gained traction, boasting a market cap exceeding $300 million.
MOODENG’s remarkable performance is primarily driven by the baby hippo’s popularity on the internet. This project is community-centric and thrives heavily on engagement through social media.
The team behind Moo Deng also shows commitment to the project’s inspiration by donating 100% of the trading fees collected via the Moonshot app to the Khao Kheow Open Zoo.
Although the token has experienced substantial price hikes—reportedly up by over 1,400% since its inception—its value remains speculative and is significantly swayed by market sentiment.
As is typical with many meme coins, prospective investors are cautioned to tread carefully due to the inherent volatility associated with such crypto-assets.
