The Moo Deng meme coin, based on the popularity of a pygmy hippo from Thailand and launched on Pump.fun, surged 42% in price within a day.
Moo Deng Price Surge
Launched on September 10 on the Pump.fun meme coin platform, Moo Deng has since gained popularity among Solana traders. According to CoinGecko data, by September 26, the meme coin's price had risen to $0.1198, up 42.7% in the past day. Its market capitalization soared from $71 million to $120 million within 24 hours.
Social Media Users Report Significant Gains
On-chain analytics firm Lookonchain reported on X about a trader who struck gold with the Moo Deng token by trading in 9.8 Solana tokens for 38.7 million Moo Deng tokens. The trader managed to gain 2554-fold in profits within 15 days: 'This guy turned $1,331 into $3.4M in only 15 days, a 2,554x return!'
Real-Life Popularity of Pygmy Hippo
Moo Deng, whose name means 'bouncy pork' in Thai, is a two-month-old pygmy hippo from Chonburi, Thailand. She has won the hearts of millions of internet users with her chubby cheeks and always-wet appearance. Photos and videos of Moo Deng easily garner millions of views on social media. According to zoo director Narongwit Chodchoy, Moo Deng's popularity has significantly increased visitors to Khao Kheow Open Zoo. He also predicted that the zoo's revenue could surpass $6.13 million by the end of the year.
The popularity of the Moo Deng meme coin and its real-life counterpart demonstrates how charming and adorable images can be the foundation for financial success in cryptocurrency markets.
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