Key Takeaways
- MOODENG’s worth elevated by 100% following Binance Futures announcement.
- The token beforehand reached a market cap of $300 million, impressed by a viral child hippo.
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The worth of Moo Deng (MOODENG) has rallied over 100%, from $0.074 to $0.168, minutes after Binance Futures introduced the itemizing of MOODENGUSDT USD-Margined perpetual contract immediately, CoinGecko knowledge reveals. On the time of writing, the Solana-based meme coin traded at $0.15, up round 107% over the previous 24 hours and 40% in per week.
Buying and selling quantity for MOODENG additionally hit $195 million on Friday, up over 180% within the final 24 hours. Excessive volumes point out elevated market exercise.
Binance has lately listed a number of meme cash, together with Neiro (NEIRO), Turbo (TURBO), and Child Doge Coin (1MBABYDOGE), to capitalize on the rising curiosity on this section. These listings have already sparked notable worth actions, with Neiro experiencing a pointy enhance of 688% shortly after its launch.
The itemizing of MOODENG on Binance Futures comes only a day after Goatseus Maximus (GOAT), a Solana-based AI meme coin lately gaining consideration from crypto neighborhood members, was listed on Binance Futures.
GOAT’s market worth skyrocketed to $860 million following Binance Futures’ announcement. Over the previous week, its worth has soared by 69%, hitting a peak of $0.87, CoinGecko knowledge reveals.
What’s Moo Deng?
Making its debut on the favored Pump.Enjoyable platform, the MOODENG token is impressed by a viral child hippo named Moo Deng from Thailand’s Khao Kheow Open Zoo. The token has swiftly gained reputation, with its market cap exceeding $300 million.
MOODENG’s success is especially influenced by child hippo’s web fame. The venture is community-driven and primarily thrives on social media engagement.
Moo Deng’s workforce additionally reveals their assist for the venture’s inspiration. They’ll give the Khao Kheow Open Zoo 100% of the buying and selling charges utilizing the Moonshot app.
Whereas the token has seen vital worth will increase—reportedly climbing over 1,400% since its launch—its worth stays speculative and closely influenced by market sentiment.
As with many meme cash, potential traders are suggested to train warning as a result of volatility related to these crypto property.
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