The newly launched Solana-based meme coin, $MOODENG, quickly became a top trending token, attracting significant attention from crypto traders.
This surge in popularity led to a rapid price increase, enabling early investors to capitalize on substantial profits. One notable example of these gains is an initial $800 investment, which grew to $3.5 million in just 15 days, according to data from Arkham Analytics.
Moo Deng meme coin’s market cap reached a remarkable $300 million shortly after its launch. The big question now is how high $MOODENG could go.
Brief overview of MOODENG
MOODENG is a Solana-based memecoin inspired by a viral internet meme about a baby hippo. The MOODENG token was launched on the memecoin trading platform Pump.fun on September 10, 2024.
The memecoin is named after a female pygmy hippo, Moo Deng, who lives in a zoo in Thailand. Her name, which means “bouncy pork,” was chosen by around 20,000 people in an online poll on the zoo’s Facebook page, according to The New York Times.
Moo Deng became famous online when her zookeeper, Atthapon Nundee, began posting videos of her daily activities on social media. People found her antics cute and started creating fan art and memes. By two months old, Moo Deng was an internet star, with a crypto token named after her.
Moo Deng (MOODENG) price prediction
A crypto trader made huge profits with the $MOODENG token. According to Arkham Intelligence, a well-known crypto analytics firm, the trader, Db3p, turned an $800 investment into $3.5 million. Arkham shared the details of this event on its X account.
TRADER TURNS $800 INTO $3.5M
The trader who purchased $800 of MOO DENG 4 hours after launch has doubled again. He is now worth $3.5M, as the Thai baby hippo continues to go viral on X.
He still hasn’t sold anything yet.
Will he ever sell? pic.twitter.com/zxlsXPjRId
— Arkham (@ArkhamIntel) September 26, 2024
Arkham has been tracking Db3p’s activities and revealed that the trader bought $800 worth of $MOODENG just four hours after its release, leading to significant returns. In just seven days, Db3p made $400,000, a 500x increase in value.
Earlier, on September 17, the trader turned six $SOL into $400,000, and by the 23rd, the portfolio grew to $1.3 million. The value has since inflated to $3.5 million. Surprisingly, despite this massive gain, the trader hasn’t sold any coins yet.
The crypto community is buzzing with speculation, wondering whether Db3p will cash out or continue to hold.
Currently, Moo Deng is trading at over $0.20 per token, down 12% in the past 24 hours. Over the last week, it surged by 406%, hitting a high of $0.3387 on September 28, though it’s down 36.31% since then.
Despite this drop, Moo Deng is still outperforming both the general crypto market and meme coins. The 24-hour trading volume is $140 million, with 990 million MOODENG tokens in circulation, giving it a market cap of $220 million, ranking it 231st.
Whales continue to invest large amounts into the project, while others missed the chance to profit. While the future of Moo Deng is uncertain, some analysts see potential for Moo Deng to maintain its momentum and continue its upward trajectory.
Altcoin with massive potential – Memebet Token (MEMEBET)
The Memebet token presale has already raised $340K, showing strong interest from meme coin fans in utility-focused projects. Investors can currently buy Memebet tokens for $0.0255 during the presale. Some analysts even see Memebet as one of the best meme coins to buy right now.
You can purchase $MEMEBET using ETH, USDT, BNB, POLY, or a bank card. However, only purchases made on the Ethereum network (ETH, USDT, or bank card) will be sent directly to wallets. For more information on how to buy Memebet tokens, potential investors can refer to our detailed guide.
The $MEMEBET token is the native asset of Memebet Casino. Holding and using it unlocks benefits like airdrop rewards, VIP bonuses, and access to upcoming Lootboxes with real-world prizes and casino bonuses.
In both the Telegram-integrated and web versions of Memebet Casino, players can bet their meme coins in various gaming and betting events. Initially, Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Bonk (BONK), and Floki (FLOKI) holders can play, but the team plans to add more coins.
The project has set aside 400 million $MEMEBET tokens for wagering airdrops and community rewards. To join the season 1 airdrop, buy and bet $MEMEBET during the presale to earn points and claim rewards. You can explore what the future holds for Memebet with our $MEMEBET price predictions here.
Memebet Token passed a full audit by Coinsult with no major issues found in its code. The project is also a regional sponsor of Argentina’s national football team, showing its ambition to become a global brand and leader.
For the latest updates, join Memebet’s community on X and Telegram. To participate in the $MEMEBET token presale, go to memebettoken.com.
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The post Moo Deng Price Prediction: Could This Trending Hippo-Inspired Meme Coin Reach New All-Time High? appeared first on ReadWrite.