Solana-Based Moo Deng Memecoin Surges Past $120 Million Market Cap, Hits $100 Million Milestone

Sep 26, 2024, 12:59 PM

The Solana-based Moo Deng memecoin, inspired by a viral baby pygmy hippo from Thailand, has seen a remarkable surge in value, reaching a market cap of $100 million. The memecoin's value skyrocketed further to over $120 million, driven by the widespread online popularity of Moo Deng, a newborn hippo at the Khao Kheow Open Zoo in Bangkok. Investors have experienced significant returns, with one turning a $1,300 investment into $3.4 million in just 15 days, marking a 2,554-fold return, and another transforming $800 into $3.5 million. The rapid rise of the Moo Deng token has sparked discussions about possible insider trading.