Key takeaways
- MOODENG price increased by 100% following the Binance Futures announcement.
- The token previously reached a market cap of $300 million, inspired by a viral baby hippopotamus.
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Moo Deng (MOODENG) price increased by over 100%, from $0.074 to $0.168, minutes after Binance Futures. announcement MOODENGUSDT USD-Margined perpetual contract listing today, CoinGecko data watch. At the time of writing, the Solana-based meme coin was trading at $0.15, up approximately 107% in the last 24 hours and 40% in a week.
MOODENG’s trading volume also reached $195 million on Friday, an increase of more than 180% in the last 24 hours. High volumes indicate increased market activity.
Binance recently listed several meme coins, including Neiro (NEIRO), Turbo (TURBO), and Baby Doge Coin (1MBABYDOGE), to capitalize on the growing interest in this segment. These listings have already triggered notable price movements, with Neiro seeing a sharp 688% increase shortly after launch.
MOODENG’s listing on Binance Futures comes just a day after Goatseus Maximus (GOAT), a Solana-based AI meme coin that recently caught the attention of members of the crypto community, was listed on Binance Futures.
GOAT’s market value soared to $860 million following Binance Futures’ announcement. Over the past week, its price has soared 69%, reaching a high of $0.87, CoinGecko data watch.
What is Moo Deng?
Debuting on the popular Pump.Fun platform, the MOODENG token is inspired by a viral baby hippo named Moo Deng from the Khao Kheow Open Zoo in Thailand. The token quickly gained popularity, thanks to its market capitalization exceeding $300 million.
The success of MOODENG is mainly influenced by the Internet fame of the baby hippo. The project is community driven and thrives primarily through social media engagement.
The Moo Deng team also shows its support for the inspiration of the project. They will give Khao Kheow Open Zoo 100% of the trading fees using the Moonshot app.
Although the token’s price has seen significant increases, surpassing 1,400% since its launch, its value remains speculative and heavily influenced by market sentiment.
As with many meme coins, potential investors are advised to exercise caution due to the volatility associated with these crypto assets.
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