What Is Moo Deng Memecoin?

MOODENG is a Solana-based memecoin inspired by a viral baby hippo internet meme. The MOODENG token was created on memecoin trading and minting platform

What Is Moo Deng Memecoin?

MOODENG is a Solana-based memecoin inspired by a viral baby hippo internet meme. The MOODENG token was created on memecoin trading and minting platform Pump.fun on September 10, 2024.

The inspiration behind the memecoin is a female pygmy hippo named Moo Deng who lives in a zoo in Thailand. Her name was chosen via an online poll held on the zoo’s Facebook page. About 20,000 voters chose the name “Moo Deng” which translates to “bouncy pork,” according to The New York Times.

Moo Deng rose to internet stardom after her zookeeper Atthapon Nundee began sharing the pygmy hippo’s day-to-day activities on social media.

Netizens who found Moo Deng’s activities and tantrums adorable began creating and sharing fan art and memes. By the tender age of two months, the chubby hippo was an internet sensation with a crypto token associated with her name.

As of September 27, 2024, the MOODENG memecoin has amassed a market cap of nearly $200 million, making it the 252nd largest cryptocurrency in the world, according to CoinMarketCap data.

My favriote thing about every Moo Deng video is how the adult hippos are so incredibly unbothered at all times pic.twitter.com/OlDkHHTA9J

— Nature is Amazing ☘️ (@AMAZlNGNATURE) September 20, 2024

MOODENG Tokenomics

It can be difficult for crypto traders to identify viral memecoins like MOONDENG as copycats tokens tend to emerge quickly. Studying the tokenomics of a memecoin can help you identify the token you want to trade or invest in.

Here are the tokenomics and other important details of Solana-based MOONDENG which was the first Moo Deng-inspired crypto to exist in the market:

Gmoodeng!

This week, we’ve witnessed remarkable growth in both the token and our community here on X. A huge thank you to everyone for the fantastic memes and to @skultdao for the wonderful art. We have officially crossed:

– 40k followers on twitter– Featured on @nytimes and… pic.twitter.com/VZZrrtR5Qf

— Moo Deng | Fan Page (@MooDengSOL) September 25, 2024

Moo Deng Crypto News: “Insiders” Reap Rewards

MOODENG memecoin caught the investor eye when onchain analytics sites like Arkham Intelligence reported on September 17, 2024 that the top holder of MOODENG turned $800 (or 6 SOL) into $400,000 in seven days.

On September 23, 2024, Arkham reported that the trader’s MOODENG holdings value rose further to a whopping $1.3 million.

However, crypto enthusiasts on X were convinced that the top MOODENG trader was an “insider.”

“Stop calling insiders traders,” wrote pseudonymous user Bitcoin General.

“Insider is not a trader but how awesome would be to track this things on Arkham and not on Solscan or other platforms,” added Crypto Analytica.

TRADER TURNS $800 INTO $3.5M

The trader who purchased $800 of MOO DENG 4 hours after launch has doubled again. He is now worth $3.5M, as the Thai baby hippo continues to go viral on X.

He still hasn't sold anything yet.

Will he ever sell? https://t.co/CzTdVqmANA pic.twitter.com/zxlsXPjRId

— Arkham (@ArkhamIntel) September 26, 2024

In other Moo Deng crypto news, several centralized crypto exchanges including Gate.io and Kucoin have listed the viral memecoin on their platform, as of September 27, 2024.

Elsewhere, copycat Moo Deng memecoins were trading on Ethereum, Base L2, and other blockchains.

Moo Deng Crypto Price Analysis: Will MOODENG Price Rise?

Data sourced from Solana-based decentralized exchange (DEX) Raydium showed MOODENG debuted at about $0.00001 on September 10, 2024.

Since then MOODENG has gained as much as 3,000,000% to an all-time high of about $0.3, Raydium market data on September 27, 2024, showed.

The chances of Moo Deng memecoin price increasing further remain high if the token gets listed on popular crypto exchanges like Binance, Kraken, Coinbase, and OKX.

If we are to