MOODENG memecoin jumps 17% as beloved pygmy hippo celebrates first birthday
Quick Take MOODENG jumped over 17% as the semi-aquatic viral internet sensation celebrates her first birthday. The move comes amid a wider crypto market rally, largely buoyed by bitcoin reaching fresh all-time highs on two consecutive days. The memecoin is currently trading above $0.21, about 66.13% away from an all-time high set in November 2024.
It’s perhaps fitting for some crypto traders that Moo Deng translates to "bouncing pig,” as the memecoin named after the beloved pygmy hippo, MOODENG, jumps over 17% on her first birthday, according to The Block's price page .
This makes MOODENG the second-best performing crypto asset over the past 24 hours, sandwiched between two other animal-themed tokens: Pedgy Penguin (PENGU), up nearly 32%, and dogwifhat (WIF), up 16.9%, according to CoinGecko prices at press time.
Moo Deng, who rocketed to celebrity last year after videos of her playful behavior went viral, reportedly enjoyed a tropical fruit platter birthday treat alongside her mother and throngs of adoring fans during a four-hour party at the Khao Kheow Open Zoo on Thursday.
Like the fan art, merchandise, songs, and memes inspired by Moo Deng, crypto traders also looked to capitalize on her internet presence by launching the MOODENG memecoin. The token was minted on Solana in September 2024, amid the height of so-called memecoin mania, and surged 1,400% within weeks of its launch.
MOODENG, which hit a peak market cap of $614 million in November 2024, is currently trading above $0.21 — about 66.13% away from the token’s all-time high.
The move comes amid a sector-wide rally as bitcoin continues to set fresh all-time highs. On Wednesday, a pump pushed bitcoin above $112,000 for the first time, while a continued move upwards on Thursday saw the coin climb above $113,500.
In October 2024, Ethereum co-creator Vitalik Buterin sold nearly $200,000 worth of Ethereum-based MOODENG tokens sent unsolicited to his wallet and donated the proceeds to a biotech charity. Buterin later became the "adoptive father" to Moo Deng after donating additional funds to Thailand’s Khao Kheow Open Zoo.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Stablecoin Legislation Booms Globally, Why Is China Taking the Opposite Approach? An Article to Understand the Real National Strategic Choices
Amid the global surge in stablecoin legislation, China has chosen to firmly curb stablecoins and other virtual currencies, while accelerating the development of the digital yuan to safeguard national security and monetary sovereignty. Summary generated by Mars AI. This summary is produced by the Mars AI model and its accuracy and completeness are still being iteratively improved.
Liquidity migration begins! Japan becomes the Fed's "reservoir," 120 billions in carry trade returns set to ignite the December crypto market
The Federal Reserve has stopped quantitative tightening and may cut interest rates, while the Bank of Japan plans to raise rates, changing the global liquidity landscape and impacting carry trades and asset pricing. Summary generated by Mars AI. This summary is produced by the Mars AI model, and the accuracy and completeness of its content are still under iterative improvement.
Weekly Hot Picks: Bank of Japan Sends Strongest Rate Hike Signal! Is the Copper Market Entering a Supercycle Rehearsal?
The leading candidate for Federal Reserve Chair is being questioned for potentially "accommodative rate cuts." Copper prices have reached a historic high, and a five-hour meeting between the United States and Russia ended without results. Expectations for a Japanese interest rate hike in December have surged, and Moore Threads' stock soared more than fivefold on its first day... What market moves did you miss this week?
Monad Practical Guide: Welcome to a New Architecture and High-Performance Development Ecosystem
This article will introduce some resources to help you better understand Monad and start developing.
Trending news
MoreCrypto prices
More
