Memecoin Inspired By Baby Hippo 'Moo Deng' Jumps 700% Since Launch, Market Cap Surges Past $190M
Portfolio Pulse from Aniket Verma
The memecoin 'Moo Deng', inspired by a viral baby hippo, has surged 700% since its launch, reaching a market cap of over $190 million. Based on Solana, it saw an 80% increase in 24 hours, highlighting the volatile yet profitable nature of memecoins.
September 27, 2024 | 9:27 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The Moo Deng memecoin, based on Solana, has surged 700% since launch, boosting interest in Solana's ecosystem. This highlights Solana's role in supporting viral memecoins, potentially increasing its usage and value.
The Moo Deng memecoin's success, being based on Solana, highlights Solana's capability to support viral and profitable tokens. This could attract more developers and traders to Solana, potentially increasing its value.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70