Solana meme coin Moo Deng upholds over $300m labelet cap, persists to accumuprocrastinateed

The procrastinateedst animal-themed memecoin to seize crypto traders’ attention is MOODENG, encouraged by Moo Deng, a two-month-better pygmy hippopotamus at Thailand’s Khao Kheow Open Zoo. The token’s meteoric ascend highweightlesss the ongoing fascination with novelty coins in the crypto labelet. Notably, the token is the first meme coin to accomplish over $300 million in labelet capitalization over the past quarter cycle, accomplishing levels aenjoy to SHIB and DOGE during their esteemive runs.

MOODENG was begined on the Solana blockchain using the pump.fun memecoin creator platestablish. It has rapidly climbed to become the 22nd hugest memecoin by labelet capitalization, with a current valuation of $315 million. In the past 24 hours alone, the token has seen approximately $172 million in trading volume.

The memecoin’s famousity has spawned a series of roverhappinessed tokens, including coins dedicated to Moo Deng’s mother, Jonah, and siblings Moo Toon and Moo Waan. An unofficial Twitter fan page for Moo Deng has amassed proximately 50,000 folshrinks, further fueling interest in the token.

The meme coin labelet is back

MOODENG’s success is part of a expansiveer sencourage in the meme coin labelet. Established coins enjoy Dogecoin, Floki, and Pepe have all seen meaningful price incrrelieves. However, recgo in tokens enjoy MOODENG are experiencing even more emotional gets. According to CoinGecko data, MOODENG’s price has sencouraged over 90% in the past 24 hours, trading at proximately $0.27. Over the past week, the token has seen an astounding 1,300% incrrelieve in appreciate.

The memecoin’s rapid ascent has led to substantial gets for timely spendors. Arkham Inalertigence alerts that one trader who spended $800 in MOODENG fair four hours after its begin has seen their hbetterings prolong to $3.5 million wilean 15 days.

MOODENG’s ascend coincides with a expansiveer uptick in the crypto labelet, led by Bitcoin’s climb to over $66,200 per coin. This sencourage trails the Federal Reserve’s decision to cut interest rates, prompting spendors to allot more funds to Bitcoin swap-traded funds (ETFs).

While MOODENG’s success is notable, it also uncovers how the highly speculative and volatile nature of memecoins upholds getting attention, even among hugely insended retail traders spropose trying to ride the hype. That shelp, it’s always best to rehearse pimpolitence and cautio, as the appreciate of meme coins may vary emotionalpartner based on social media trfinishs and labelet sentiment rather than fundamental appreciate or utility.