The newly launched Solana-based memecoin, $MOODENG, has rapidly climbed to the top, now holding the number one spot on @pumpdotfun by market cap.
In just a few weeks, $MOODENG has amassed a staggering market capitalization of over $180 million, with a 24-hour surge of 94%, making it the hottest zoo-themed memecoin on the market.
🚨 BREAKING: @Solana memecoin $MOODENG becomes the #1 memecoin launched on @pumpdotfun by market cap.
(MOODENG launched on Solana just a few weeks ago.) pic.twitter.com/6mwxywDBN2
— SolanaFloor (@SolanaFloor) September 26, 2024
Inspired by a real-life baby hippo named Moodeng, who resides at Khao Kheow Open Zoo in Chonburi, Thailand, the memecoin has captured the hearts of traders and zoo visitors alike.
Moodeng’s playful antics have attracted massive crowds to the zoo, resulting in a surge of visitors and generating approximately 12 million baht ($360,000 USD) in revenue within the first three weeks of September. Due to the overwhelming popularity, the zoo has implemented timed viewing sessions and even launched a 24-hour live stream of the adorable hippo.
$Moodeng, Currently the Hottest Zoo Memecoin, Marketcap Surpasses $180 Million with a 24-Hour Surge of 94%#Moodeng is an adorable baby hippo currently residing at Khao Kheow Open Zoo in Chonburi, Thailand. Its playful and cute demeanor has attracted a large number of visitors.… pic.twitter.com/914rpE2KdI
— Followin (@followin_io) September 27, 2024
This Trader Makes Massive $392K From $MOODENG Trade
For one smart trader, $MOODENG has proven to be a massive opportunity. This trader entered the memecoin at a $70,000 market cap and made a jaw-dropping $392,200 as $MOODENG rocketed to a $207 million market cap. However, in hindsight, this trader’s profits could have been even more monumental.
After purchasing 19.4 million $MOODENG for just 1.5 $SOL ($203.5) and selling for 7.64 $SOL ($1,039), the trader secured a 4x return. Yet, had they held on longer, their profits would have ballooned to an eye-watering $2.65 million, a more than 13,000x return.
The 19.4M $MOODENG this guy sold for $1,039 is now worth $2.65M! #MOODENG
He spent 1.5 $SOL($203.5) to buy 19.4M $MOODENG and sold it for 7.64 $SOL($1,039), making only $835(a 4x return).
If he had held until now, his profit would be $2.65M—a more than 13,000x return!… pic.twitter.com/o6enFxpJo4
— Lookonchain (@lookonchain) September 26, 2024
$MOODENG’s meteoric rise serves as a reminder of the explosive potential of memecoins in the ever-evolving crypto market. As this Solana token continues to grow, traders are left wondering just how far the baby hippo-inspired coin can go.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Image Source: fellowneko/123RF // Image Effects by Colorcinch
