Moo Deng Memecoin Achieves Massive Market Growth

Naul.T

Main Takeaways

  • The purpose of this article is to inform users about Moo Deng.
  • We discuss the origin, growth, and tokenomics of Moo Deng.
  • Top holders and Binance Futures listing of Moo Deng are also mentioned.

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Moo Deng’s massive market growth

Origin of Moo Deng

Moo Deng is a pygmy hippopotamus living in Khao Kheow Open Zoo in Thai Land. She gained significant popularity as an internet meme for her “panic” face when interacting with people. Together with her chubby appearance and energetic personality, Moo Deng’s images quickly spread across the web.

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Moo Deng’s funny memes

Capitalizing on the hype of Moo Deng, $MOODENG was introduced in July and rapidly attracted attention in the meme coin market. This is the first Thai-themed token that has such high market capitalization.

Explosive Growth

$MOODENG, or Moo Deng (moodengsol.com), has surpassed the $200M market cap with an all-time high of $0.3428. This meme coin is currently held by 54,379 holders with trading volumes of $693.09M in 24 hours.

Many trading experts had anticipated this growth. MevX listed this coin in the trending section way before the significant rise, and users of the bot have benefited from this. You can look for similar coins on the MevX website.

Tokenomics of  Moo Deng

  • No: Moo Deng (moodengsol.com)
  • Ticker: MOODENG
  • Contract: ED5nyyWEzpPPiWimP8vYm7sD7TD3LAt3Q3gRTWHzPJBY
  • Total Supply: 989,971,791.17
  • Circulating Supply: 989,971,791.17

Who Is Holding Moo Deng?

Wintermute, a notable investment fund that is highly adaptable to the changes in the market. Wintermute is holding 2.87% of Moo Deng’s total supply, which is worth over 6.4 million dollars. The fact that this investment fund is the current top 2 holder of Moo Deng shows how much potential this meme coin has.
Besides that, the current top 10 also include individual wallet addresses of multiple investors, like shogunfucks.sol with a $4M investment, equaling 1.81%. These individuals account for nearly 10% of the total Moo Deng on the market.

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Listed on Binance Futures

On October 25, 2024, Binance Futures launched the MOODENGUSDT Perpetual Contract with up to 75x leverage. The capped funding rate is 2.00%, the tick size is 0.00001, and the funding fee settles every four hours.

This significant news has raised the market cap of Moo Deng by 308.70% in the last 24 hours. This listing not only shows the impact of Moo Deng on the crypto market but also expresses the interest of Binance in expanding its offerings of meme coins.

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Binance Futures listed Moo Deng

Conclusion

From a cute chubby hippo to a meme coin phenomenon, Moo Deng is evidence of the unpredictable and dynamic nature of the cryptocurrency market. With its success, it is clear that investors are increasingly looking for unique and innovative projects to diversify their portfolios and capitalize on emerging trends in the industry. Users may find similar coins with high potential on the MevX trading bot.

Disclaimer: The content of this article is provided for informational purposes only and should not be considered investment advice, financial advice, or any other type of professional advice.