Within 24 hours, Moodeng, the memecoin based on the viral Thai baby hippo, has increased its market cap by 42.34%, ranking as the no. 1 gainer of the day among the top 500 tokens. The memecoin launched in the past week had entered the market at a little over $0.085 and has now hit $0.142 at the time of writing, up over 61% in 24 hours.
The market cap of MOODENG/SOL has now touched $145.84 million at the time of writing, while the fully diluted market cap has hit over $145.66 million. Data from CoinMarketCap also shows that the memecoin’s 24-hour trading volume has spiked by over 38%, reaching beyond 69 million.
The Solana-based token is among the few coins that have reached this market cap quickly after its launch in recent months. The coins TOSHI, TRUMP, DADDY, and MOTHER trailed behind the newly launched memecoin as the day’s second, third, fourth, and fifth top gainers.
Moodeng chart (Source: DexScreener)
The baby hippo, born in July, became an internet sensation this month after multiple pictures of her went viral. The name Moodeng means bouncy pork in Thai, and the hippo has siblings with similar names, Moo Waan and Moo Toon. While the two also got some memecoins created on other networks, they did not perform as well as the Moo Deng memecoin.
Trader earns over $1 million with Moodeng
The viral meme continues to take over the internet, adding to the value of the inspired crypto token. Earlier a trader owning 6 SOL worth of Moodeng turned it into a whopping $1.3M in a few days .
Additional reporting by Noor Bazmi
