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Moodeng (MOODENG) is a new Memecoin icon and is considered one of the pioneering projects in the growth of the Memecoin market on the SOL system. Behind this token is not only the image of the famous hippo in Thailand but also involves the Ethereum project Founder and the controversial Binance listing story.
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Origin of the MOODENG (SOL) Token
Who is Moo Deng?
Moo Deng, a newborn pygmy hippo, was born in July 2024 at the Khao Kheow Open Zoo in Si Racha, Chonburi Province, Thailand. Pygmy hippos are an endangered species, with only about 2,000 individuals remaining in the wild in West Africa.
With its adorable appearance, humorous expressions, and funny actions, Moo Deng has captured the hearts of audiences worldwide. Moo Deng’s image has been used by major companies like DreamWorks Animation and Universal Pictures in their iconic products. Even the top German football club Bayern Munich used the Moo Deng meme to celebrate their impressive winning streak in the UEFA Champions League.
The fame of Moo Deng also helped the Khao Kheow Zoo attract twice as many visitors as before, while their social media following skyrocketed, surpassing 100,000 followers on the X platform (formerly Twitter).
MOODENG (SOL): The Memecoin Inspired by Moo Deng
The MOODENG (SOL) memecoin was born thanks to Moo Deng’s global appeal, mentioned by major platforms like BBC, Today Show, and The New York Times.
Basic Information about MOODENG (SOL) (according to Dexscreener status)
- Blockchain: Solana
- CA: ED5nyyWEzpPPiWimP8vYm7sD7TD3LAt3Q3gRTWHzPJBY
- Issuing Platform: Pump.fun (launched on September 11, 2024)
- CTO: Not yet
- Key Metrics:
- Number of Holders: Over 54,000 people
- Market Capitalization: approximately 369 million USD
MOODENG (SOL) quickly became a phenomenon, bringing huge profits to early investors, with one person holding from 800 USD to 3.5 million USD without selling.
Tokenomics Information
- Supply: 989.97 million tokens
- Buy/Sell Tax: 0%
- Charity Commitment: 100% of transaction fees on the Moonshot app will be donated to the Khao Kheow Zoo to support conservation efforts.
Moodeng and Its Copies, Which Came First: MOODENG ETH or MOODENG SOL?
MOODENG SOL was created 5 days before MOODENG ETH, and MOODENG SOL gained more attention from the community due to its close association with Vitalik Buterin, having been listed on Binance – the world’s leading exchange today.
Additionally, MOODENG SOL received more attention when the image of the hippo Moo Deng was mentioned by big names like BBC and even The New York Times (which had an article mentioning Memecoin Moodeng). Appearing first, with a larger market capitalization (three times the version on the Ethereum network at the time of writing, and the number of holders surpassing 54,000 wallet addresses compared to about 12,000 holders according to Dexscreener).
MOODENG and Its Close Relationship with Vitalik
According to research from various sources, most investors believe that Vitalik shilled the MOODENG SOL coin and helped push this coin to grow strongly within the first month of its launch. It should be noted that MOODENG is one of the first coins to kick off the Meme wave on the SOL network recently, at least after the concept of the Memecoin Supercycle was widely spread.
Vitalik Buterin also sold 10 billion MOODENG memecoins through the decentralized exchange CoWSwap, earning 308.69 ETH (equivalent to about 762,000 USD). Subsequently, Vitalik donated 260.16 ETH (about 642,000 USD) to the Kanro charity fund, an organization he co-founded. This is not the first time Vitalik sold MOODENG memecoins. Previously, on October 5, he sold 11.76 billion tokens, earning 21.03 ETH (50,900 USD).
Read more: Vitalik sells 10 billion MOODENG memecoins and donates all to charity
Notably, after selling, the Ethereum Founder’s Twitter account deliberately mentioned the token he just sold, creating strong attention from the community. The whale dimethyltryptamine.eth accumulated 139,000 USD of MOODENG right after discovering the sell order and waited for Vitalik to tweet (similar case to SHIB). This action by Vitalik set precedents and influenced the community.
Read more: What insights can be gained from the meme wave?
The Binance Listing Story of MOODENG SOL
On October 25, Binance listed Futures contracts for the MOODENGUSDT trading pair, and the price of this token increased by more than 100% from 0.074 to 0.168 dollars just at the time of the news. At the time of listing, MOODENG also faced a wave of criticism from the community when Binance had just listed GOAT a day earlier and the drama of listing 3 Memecoins not long ago. Despite these reactions, the price of MOODENG still rose strongly, drawing attention from the community.
Read more: Binance Futures announces listing of Moo Deng (MOODENG)
The MOODENG token recorded a price increase of over 1000% within just one month (at ATH), thanks to its appearance on Binance Futures and the explosion of the Memecoin Supercycle in the crypto community.
Recently, Binance continued to list another hippo with the HIPPOUSDT Futures trading pair. Whether intentional or not, the hippo image was received quite positively. Ultimately, the continuous listing of Memecoins by Binance in recent months has somewhat created a new trend.
Abundant liquidity thanks to the vibrancy and accessibility of the Solana network has created a fairly successful Memecoin Supercycle. Although just starting, most investors are beginning to eye Memecoins and expect to be listed on Binance and a huge increase. This is a bad precedent because Memecoins are inherently high-risk, but it is certainly also a good investment opportunity when the market is not highly expected for many other technology projects.
Conclusion
MOODENG on the SOL network is a typical case for you to pay attention to the market changes in recent times. The involvement of KOLs – specifically Vitalik, as well as the community’s awareness of Moo Deng, is one of the criteria for selecting Gems mentioned in Memecoin Analysis #1.
Review your lessons if you are interested in Memecoins and want to find a rough gem in this increasingly difficult market.
Note that the article only provides information and is not intended to solicit investment.
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