Moo Deng (MOODENG) Explodes 110% as Binance Alpha Listing Ignites New Meme Coin Hype

This remarkable surge has sparked widespread attention across the digital asset space, placing the coin among the top-performing Solana meme tokens

A pygmy hippopotamus from Khao Kheow Open Zoo in Thailand is going viral again, but this time, it’s not the hippo that has everyone talking. The coin inspired by the famous Moo Deng has soared over 1,200% in May so far.

At press time, MOODENG is trading around $0.27, with a market cap of $265 million and 24-hour trading volume exceeding $1.1 billion, according to CoinMarketCap.

Key Drivers Behind the Moo Deng Price Explosion

Several key catalysts are fueling Moo Deng’s dramatic price rally.

One major contributor is its recent feature on Binance’s Alpha platform. On May 11, Binance highlighted Moo Deng as part of its curated Alpha Projects list—a section dedicated to tokens showing strong potential. Although this isn’t a full Binance listing, Alpha status often precedes wider exposure and can spark considerable investor interest. Moo Deng was spotlighted alongside another Solana-based meme coin, GOAT, prompting an immediate reaction from the market. Following the announcement, Binance tweeted:

“A new batch of Binance Alpha Projects added today! Discover the latest tokens spotlighted in #Binance Markets: $MOODENG, $GOAT.”

Moo Deng (MOODENG) was trading at around $0.27, up 110% in the last 24 hours at press time. Source: Brave New Coin

Broader market conditions have also played a pivotal role. The recent rebound in major cryptocurrencies—Bitcoin surpassing $103,000 and Ethereum climbing past $2,500—has reignited optimism across the crypto space.

On a macroeconomic level, developments such as easing tensions between the US and China, coupled with the confirmation of a US-UK trade agreement, have added to the positive sentiment. This wave of “macro hopium” has been especially beneficial for meme coins like Moo Deng, which often thrive on speculative momentum.

Moo Deng has been consistently surging 50%–70 % daily for nearly a week, prompting widespread curiosity about the driving forces behind its explosive rally. Source: Palis via X

From a technical perspective, Moo Deng is displaying classic breakout behavior. According to data from Coinglass, the coin’s open interest (OI) surged over 120%, reaching $289 million. This sharp increase suggests a strong influx of speculative capital.

The token has also managed to break above a key resistance level at $0.22 and is now targeting the $0.29–$0.35 range. Independent market analyst Julius Elum commented on the price action, saying, “Moo Deng is showing classic breakout behavior. If it can close above $0.29, we could see it push toward $0.40 and beyond, assuming the broader market holds steady.”

These combined factors—Binance Alpha exposure, a supportive macro environment, and technical strength—have created a perfect storm for Moo Deng’s explosive price movement.

Moodeng Price Prediction: Will It Hit $0.05?

While a move to $0.05 may appear modest in the context of the current rally, analysts believe it could act as a critical psychological threshold in the event of a pullback before the next leg up.

MOODENG appears to have found a price floor and is poised for a potential 2–3 month uptrend following strong buy accumulation and a trendline breakout. Source: behdark on TradingView

Technical indicators, however, warn of overheating. The Relative Strength Index (RSI) currently sits above 95, suggesting overbought conditions and the possibility of a short-term correction.

“We’re seeing parabolic movement here, but traders should watch for volatility,” said Solberg Invest in a May 12 note. “A healthy pullback to the $0.22–$0.20 zone may reset momentum for the next breakout.”

If the coin can stabilize above $0.26, momentum could drive MOODENG toward $0.34, with some projections targeting $0.40–$0.55 in the coming weeks.

Strong Fundamentals? Meme Power Meets Exchange Access

Despite its meme roots, Moo Deng isn’t just relying on viral buzz. The coin has secured listings on major centralized exchanges, including Coinbase, OKX, and Bithumb, boosting accessibility and liquidity.

Moo Deng currently ranks just behind BTC, ETH, XRP, SOL, and DOGE in Coinbase trading volume, highlighting a surge in mainstream investor interest. Source: kook via X

Its emergence as a breakout Solana meme asset also coincides with broader infrastructure developments in the Solana ecosystem. Projects like Solaxy, a new Layer 2 scaling solution, have raised over $35 million in presale funding. This is aimed at addressing network congestion often caused by surging meme traffic—like the kind triggered by Moo Deng.

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