Moo Deng (MOOD) Surges 954% in a Week, Becoming the Best Performing Meme Coin

The price of Moo Deng surged by 58.9% in just the last 24 hours. According to data from CoinGecko, the coin has risen a staggering 954% over the past 7 days, making it the best-performing meme coin among its peers.

Recently, the Moo Deng began trading on popular centralized exchanges (CEXs) like MEXC and Bitget on Sept. 27. However, Binance has not listed Moo Deng yet.

The ranking of the top meme coins by growth over the last 7 days. Source: CoinGecko

Moo Deng Price and Volume Surged in Decentralized Exchanges

Although Moo Deng is now listed on several CEXs, the main flow of its trading is taking place on decentralised exchanges (DEXs).

According to CoinGecko data, the Raydium, one of Solana’s (SOL) native DEXs, is the largest trading platform for Moo Deng.

In the last 24 hours, the trading volume of Moo Deng on Raydium reached $84.7 million, accounting for 44.25% of the total trading volume.

The Meteora, another DEX, holds the second position with a trading volume of $17.3 million, representing 9.04% of the total volume.

The most popular trading pair is with the SOL coin.

The ranking of crypto exchanges where MOODENG is traded by trading volume. Source: CoinGecko

MOODENG’s Trading Volume on DEXs Exceeded $83 Million

The rise in Moo Deng price has also driven its popularity in the decentralized finance (DeFi) sector.

According to GeckoTerminal, Moo Deng’s trading volume on DEXs totalled $83.78 million.

This surge has made Moo Deng when paired with SOL, the most traded pool on DEXs.

Ranking of pools by trading volume for the last 24 hours. Source: GeckoTerminal

A Trader’s Profit: 2550x Return on Moo Deng

Earlier, we reported that one lucky trader managed to achieve a 2550x return on Moo Deng investment. The initial amount was $1,300.

Due to the sharp price increase of Moo Deng, the trader eventually sold his holdings and walked away with $3.4 million in just 15 days.