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Moo Deng madness š¦
A meme coin based on a Thai baby pygmy hippopotamus has doubled in price over the last day. What's the deal with Moo Deng?
Andrew Hayward
September 27, 2024
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š What you need to know
Bitcoin is up today, hitting $66,000 for the first time since Julyābut its gains look downright paltry compared to Moo Deng (MOODENG), the Solana meme coin that has doubled in price since yesterday and blasted off by 1,400% over the last week alone.
Moo Deng is the name of an adorable Thai baby pygmy hippopotamus that has captured hearts all over the world in recent weeksāand the viral hippo has yielded the most explosive meme coin weāve seen in some time. One trader even turned an $800 investment into $7.5 million, after holding for just two weeks.
Will Moo Deng be a short-lived craze, or can this adorable creature join the pantheon of iconic meme coin animals? Stay tuned.
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