MOODENG's memecoin price soars by 569.02% in just seven days, catching the attention of crypto market participants

In just seven days, MOODENG's memecoin price soared by 569.02%, catching the attention of crypto market participants. This sharp rise has led to various speculations

In the rapidly changing landscape of the crypto market, memecoins have become a subject of great interest, especially those showing rapid price rallies within short periods. In just seven days, MOODENG’s memecoin price experienced a surge of 569.02%.

The chart above shows the price movement of the Moo Deng token (MOODENG) over the past 7 days on the Pintu market.

During this period, the MOODENG price underwent a significant spike, notching up an increment of 569.02% and reached $0.2545 per token. This sharp rise commenced on May 10 and saw the coin's price continually climb until it peaked around May 12 before undergoing a slight price correction.

Moo Deng's (MOODENG) market capitalization is currently valued at $252.02 million, with the last 24 hours of trading volume registering at $823.69 million, showing an increase of 3.38%. The token has the same total and circulating supply, which is about 989.97 million MOODENG, indicating that the entire token has been circulating in the market.

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Origin of MOODENG

Moo Deng (MOODENG) has not only attracted attention for its sharp price increase, but also for its unique origins. The memecoin was inspired by Moo Deng, a baby hippo that went viral on social media.

This photo, which went viral on social media, especially TikTok, sparked interest in the coin in the crypto market.

This memecoin was launched in September 2024 and has experienced significant growth in a short period of time. Based on the Solana network (SOL), Moo Deng offers speed and low transaction fees, making it an attractive option for traders and investors seeking a crypto asset with high growth potential.

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Why is Moo Deng (MOODENG) Memecoin soaring?

The increased interest in Moo Deng (MOODENG) was also triggered by the coin’s listing on Binance Alpha, one of the largest crypto trading platforms. This listing triggered a price spike of over 114% in a single day, demonstrating the significant impact that exposure on large platforms can have on a coin’s price.

In addition, Moo Deng’s trading volume has increased dramatically, reaching $1.14 billion in daily volume. This indicates an increase in trader activity and great interest in the memecoin. This increase in trading volume also signals better liquidity, which is important for the coin’s continued growth in the market.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.