Moo Deng Meme Coin on Solana Surges to $120M Market Cap, Investor Turns $1.3K into $3.4M

Sep 26, 2024, 02:40 PM

Moo Deng, a baby pygmy hippo from Thailand, has become an internet sensation, leading to the creation of a viral meme coin on the Solana network. The Moo Deng (MOODENG) token saw its market cap surge to over $120 million in less than two weeks. One investor turned $1,300 into $3.4 million in just 15 days, marking a 2,554-fold return. Another trader turned $800 into $3.5 million. The coin has gained significant traction, with some speculating about potential insider trading. Binance is being urged to list the token, which could create one of the biggest onboarding events in crypto history. The hippo, residing at the Khao Kheow Open Zoo, has also inspired a viral makeup trend and has been featured by major retailers like Walmart. According to CoinMarketCap, the token's market cap has surpassed $100 million.