Moo Deng gains volume again.
Moo Deng ($MOODENG), the meme currency with a contract address of ED5nyyWEzpPPiWimP8vYm7sD7TD3LAt3Q3gRTWHzPJBY, has witnessed increased trading activity, growing from $37 million to $110 million as of May 9, 2025. The enormous growth, though, has not brought the token nearer to its all-time high (ATH) of $702 million. It, however, shows the volatility of meme coins in the crypto space.
The sudden surge in $MOODENG’s market capitalization, which is an almost 200% rise, is also accompanied by a trading volume over 24 hours standing at $16.2 million, indicating heightened interest and activity among investors. The surge comes after relatively stable performance for the token, which already attracted interest among the community of meme coins due to lighthearted branding over Thailand’s popular dish of red pork and popularity among Southeast Asia’s crypto community. Prior success, as can also be seen from CoinGecko and CoinMarketCap statistics, had seen the token reach a capitalization of $43.7 million in April 2025, with significant price jumps supported by viral advertising and community efforts.
Yet $MOODENG’s current capitalization of $110 million is still far below its ATH of $702 million, which it achieved at peak popularity. That peak followed a series of airdrops, NFT drops, and collaborations with local crypto-influencers, which created FOMO among investors. The current spike in volume marks near-resurgence of interest, but why it happened is not certain, with speculation that it may have been due to renewed social media hype or speculation.
The overall supply of $MOODENG aligns with typical Solana meme coins, which are commonly capped at 1 billion tokens. Even though this current surge put $MOODENG under the spotlight, the journey towards recovering its ATH is not without hurdles, like the volatility of the overall market and the competition from alternative meme coins. Investors are closely observing the scenario to see if this surge in volume is long-lasting or if $MOODENG goes into yet another phase of consolidation.
$MOODENG’s rapid rise from $37 million to $110 million highlights the unpredictable nature of meme coins, where volume can swell and create a big move in price. However, with its ATH still far away, the direction of the token in the fast-paced crypto world is uncertain.
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