Moo Deng (ETH: $MOODENG) is a meme coin inspired by a pygmy hippo by the same name who lives at the Kheow Open Zoo in Thailand. The hippo went viral in September 2024 after images and videos of her became a topic of discussion on the internet worldwide.
Her cut, chubby appearance, and playful personality have garnered a worldwide following. The creators of the MOODENG meme coin have permanently preserved their legacy on the Solana blockchain.
MOODENG Meme Coin History
Since the release of the MOODENG meme coin, a large community of loyal followers has grown around it; shortly after MOODENG went live on September 16, 2024, its market cap quickly rose from $ 50K to $800K. By September 21, 2024, the market cap had grown to $14.5 million.
On October 7, 2024, the project received a special mention from Vitalik Buterin on X when he announced that he was donating MOODENG he had received from the developer team. Previously, the project had received a mention from the PEPE developer on September 21, 2024.
Another notable event was the futures listing on Binance on October 25, 2024. Soon after the listing was announced, the price of MOODENG soared by 98% in 24 hours.
MOODENG Market Cap Rises Over $50 Million
In the past week, the market cap of MOODENG has risen over 100% to $51.44 million as of Wednesday, November 13, 2024, with a 24-hour trading volume of $8.74 million. It hit a new all-time high of $0.0002651 on October 7, 2024. Since then, the price has dropped 51.82% as investors take profit.
The meme coin has risen 5,341.6% since its all-time low of $0.00007477 on September 20, 2024. It is listed on numerous mainstream exchanges, including Bitmart,, MEXC, LBank, KCEX, CoinEx, and XT.com.
Social Media Presence
Moo Deng has a huge social media following, with 5,383 subscribers on its Telegram channel.
Could Moo Deng Hit A $1 Billion Market Cap?
MOODENG, whose total supply is 4206.9 trillion coins, has grown 2,822.43% since it went live. Thus far, the market cap has grown to $51.44 million. Based on the stellar performance in the previous two months since it went live, a $1 billion market cap could potentially be within reach.
However, most analysts do not expect it to reach $1 billion before the end of 2024. One major catalyst is the election of Donald Trump, who has promised to give the crypto sector a fair shake. Since he won the presidential election, Bitcoin has soared to a new all-time high, reaching $93,434.36 per coin on November 13, 2024.
In the current crypto market rally, MOODENG’s price could potentially reach a $1 billion market cap by 2025. Consequently, adding the meme coin to your portfolio could potentially yield some positive returns in the medium term.
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