A notable surge in interest for the $MOODENG memecoin has been observed in the cryptocurrency market. Recently, a major investor made a significant purchase of this token, drawing attention to the project.
Whale's Large Purchase
Lookonchain reported that a whale acquired 6 million $MOODENG tokens, spending 10,156 $SOL (approximately $1.59 million) within eight hours. The average purchase price was $0.2655 per token.
About $MOODENG Memecoin
$MOODENG is a memecoin on the Solana blockchain, inspired by a baby pygmy hippo residing in a zoo in Thailand. Launched on Pump.fun on September 11, 2024, it has quickly garnered attention, boasting a market cap exceeding $320 million at the time of writing.
Popularity Surge and Market Dynamics
Although the $MOODENG cryptocurrency does not yet have enough price action data for a thorough analysis, it is noteworthy that its value has significantly risen since its launch. Data from CoinMarketCap shows that the token has increased by close to 600% in the last 24 hours.
The notable surge in interest for $MOODENG and significant investments from large investors indicate heightened interest in this project. Time will tell if the memecoin can solidify its position in the market.
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