Solana-based Meme Coin MOODENG Surges Nearly 100%. Is Crash Inevitable?

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As a researcher with a keen interest in meme coins and their fascinating journey, I find myself captivated by the sudden surge of Moo Deng (MOODENG), a coin inspired by none other than the adorable pygmy hippo sensation from Thailand’s Khao Kheow Open Zoo. Having closely followed the rise and fall of various celebrity meme coins, I must admit that my curiosity is piqued.

Moo Deng, a meme coin built on the Solana platform, has experienced a substantial increase, nearly doubling its value over the last 24 hours. This popular token is named after the viral female pygmy hippo, Moo Deng, who has captured the internet’s attention.

31-year-old zookeeper Atthapon Nundee has gained international recognition for the Khao Kheow Open Zoo in Si Racha, Thailand, a large zoological park known worldwide.

For quite some time, he’d share charming zoo animals across various social media platforms. This year, however, his big opportunity came earlier than expected, all thanks to Moo Deng.

The chubby two-month-old hippo has gained tremendous popularity that even cars are queuing outside the zoo.

Time will tell if the new meme coin, which has captured the hearts of many, can compete with the established market leaders. It has already reached close to a $250 million market capitalization after experiencing a surge in its price recently.

Some analysts predict that the meme coin may not have lasting success, similar to certain celebrity-themed meme coins which briefly skyrocketed in value during the early summer months but ultimately saw most of their worth vanish.

The fate of the meme coin hinges on if Moo Deng can continue maintaining its prominence following its recent achievement of outranking Ethereum in Google Trends.

In 2017, Fiona, a popular river hippo from the Cincinnati Zoo, gained widespread attention and remains so today, as reported by The New York Times, drawing in many visitors.

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2024-09-27 23:25