MOODENG memecoin jumps 17% as beloved pygmy hippo celebrates first birthday
Quick Take MOODENG jumped over 17% as the semi-aquatic viral internet sensation celebrates her first birthday. The move comes amid a wider crypto market rally, largely buoyed by bitcoin reaching fresh all-time highs on two consecutive days. The memecoin is currently trading above $0.21, about 66.13% away from an all-time high set in November 2024.
It’s perhaps fitting for some crypto traders that Moo Deng translates to "bouncing pig,” as the memecoin named after the beloved pygmy hippo, MOODENG, jumps over 17% on her first birthday, according to The Block's price page .
This makes MOODENG the second-best performing crypto asset over the past 24 hours, sandwiched between two other animal-themed tokens: Pedgy Penguin (PENGU), up nearly 32%, and dogwifhat (WIF), up 16.9%, according to CoinGecko prices at press time.
Moo Deng, who rocketed to celebrity last year after videos of her playful behavior went viral, reportedly enjoyed a tropical fruit platter birthday treat alongside her mother and throngs of adoring fans during a four-hour party at the Khao Kheow Open Zoo on Thursday.
Like the fan art, merchandise, songs, and memes inspired by Moo Deng, crypto traders also looked to capitalize on her internet presence by launching the MOODENG memecoin. The token was minted on Solana in September 2024, amid the height of so-called memecoin mania, and surged 1,400% within weeks of its launch.
MOODENG, which hit a peak market cap of $614 million in November 2024, is currently trading above $0.21 — about 66.13% away from the token’s all-time high.
The move comes amid a sector-wide rally as bitcoin continues to set fresh all-time highs. On Wednesday, a pump pushed bitcoin above $112,000 for the first time, while a continued move upwards on Thursday saw the coin climb above $113,500.
In October 2024, Ethereum co-creator Vitalik Buterin sold nearly $200,000 worth of Ethereum-based MOODENG tokens sent unsolicited to his wallet and donated the proceeds to a biotech charity. Buterin later became the "adoptive father" to Moo Deng after donating additional funds to Thailand’s Khao Kheow Open Zoo.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Zcash ETF leads $16.8 million altcoin fund outflows, Hedera bucks trend
Ethereum falls 8% to $2,200 as ETF outflows hit $99.9 million
Bitcoin price dips under $75K as crypto markets miss tech-stock rebound
October Non-farm Payrolls Reignite December Rate Hike Expectations! Wall Street Bets Probability Over 80%, "New Fed News Agency": AI Sell-off May Become a Policy Variable
After the non-farm payroll report, traders' bets on a December rate hike surged to as high as 85%. Wall Street analysts believe the report provides room for further rate hikes, bringing renewed pressure for a hike at a time when post-election market concerns over slowing AI development might dampen expectations. Some remain cautious about a December hike, as stock market volatility and AI investment prospects could restrain the Federal Reserve. "New Fed News Agency" notes the report has not shaken the Fed's outlook on economic growth and inflation, but whether AI asset sell-offs change financial conditions could become a new variable for the December decision. Attention should be paid to whether Waller values lagging employment data or forward-looking market signals.
Crypto prices
More
