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
Forget “XRP Will Replace SWIFT”. Something Much Bigger Is Being Built
The Dow Jones falls below the 50-day moving average for the first time in five months, sending a technical warning signal
The Dow Jones has fallen below its 50-day moving average for the first time in nearly five months, with the S&P 500 and Nasdaq also on the verge of breaking below this level, signaling a technical turning point where short-term market momentum could shift from positive to negative. The core drivers of this correction are long-term US Treasury yields approaching the 5% mark, heightened oil prices due to the Middle East situation leading to inflation concerns, and rate pressures stemming from rising debt expansion. In the short term, the breach of moving averages may trigger selling pressure from quantitative and technical traders, significantly increasing market volatility risks.
HDFC Bank Dollar Bonds Hit Record Low: Here is the Terrifying Credit Market Signal Indian Traders are Ignoring
Crypto prices
More
