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Home” Meme Coins” Solana meme coin Moo Deng leaps 100% on Binance Futures noting news
by
Vivian Nguyen
Oct. 25, 2024
The token’s trading volume increased to $195 million.
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The cost of Moo Deng (MOODENG) has actually rallied over 100%, from $0.074 to $0.168, minutes after Binance Futures revealed the listing of MOODENGUSDT USD-Margined continuous agreement today, CoinGecko information programs. At the time of composing, the Solana-based meme coin traded at $0.15, up around 107% over the previous 24 hours and 40% in a week.
Trading volume for MOODENG likewise struck $195 million on Friday, up over 180% in the last 24 hours. High volumes show increased market activity.
Binance has actually just recently noted numerous meme coins, consisting of Neiro (NEIRO), Turbo (TURBO), and Baby Doge Coin (1MBABYDOGE), to take advantage of the growing interest in this section. These listings have actually currently stimulated noteworthy rate motions, with Neiro experiencing a sharp boost of 688% quickly after its launch.
The listing of MOODENG on Binance Futures comes simply a day after Goatseus Maximus (GOAT), a Solana-based AI meme coin just recently getting attention from crypto neighborhood members, was noted on Binance Futures.
GOAT’ s market price increased to $860 million following Binance Futures’ statement. Over the previous week, its rate has actually skyrocketed by 69%, striking a peak of $0.87, CoinGecko information programs.
What is Moo Deng?
Making its launching on the popular Pump.Fun platform, the MOODENG token is motivated by a viral child hippo called Moo Deng from Thailand’ s Khao Kheow Open Zoo. The token has actually promptly acquired appeal, with its market cap surpassing $300 million.
MOODENG’ s success is generally affected by child hippo’ s web popularity. The job is community-driven and mainly grows on social networks engagement.
Moo Deng’ s group likewise reveals their assistance for the task’ s motivation. They will offer the Khao Kheow Open Zoo 100% of the trading charges utilizing the Moonshot app.
While the token has actually seen substantial rate boosts—– supposedly climbing up over 1,400% given that its launch—– its worth stays speculative and greatly affected by market belief.
Similar to lots of meme coins, prospective financiers are recommended to work out care due to the volatility connected with these crypto properties.
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