mon deng surged 28,000 times!
Recently, a hippopotamus has become popular! This hippopotamus fever has also swept the crypto circle, and various MEMEs with the same name are flying around. Moo Den (MOODENG) on Solana is undoubtedly the most popular. The token has become the largest MEME coin in the Pump.fun ecosystem!
According to DEX Screener data, MOODENG has increased by more than 28,000 times in more than half a month since its creation! ! ! The current market value has exceeded the 200 million US dollar mark, ranking as the seventh largest MEME in Solana. Under the strong market performance, there are high-yield investors, as well as many investors who miss out and sell at a loss.
According to Lookonchain monitoring, a 5FGcB address spent 9.8 SOL (about $1,331) on September 10 to buy 38.7 million MOODENGs. Now it has sold more than 30 million MOODENGs and still holds MOODENGs worth $1.33 million. According to Arkham monitoring, a trader invested $800 in MOODENG four hours after its launch. The current holding value exceeds $5.4 million and has not yet been sold! !
According to the chain, after spending 1.5 SOL (about $203.5) to buy 19.4 million MOODENGs, it was sold at 7.64 SOL (about $1,039), with a profit of $835 (4 times return). If the address is held until now, the profit will reach $2.65 million - a return of more than 13,000 times.
Stimulated by MOODENG, some investors began to keep a close eye on similar online celebrity animal narrative hype on platforms such as TikTok and Youtube, including penguins (PESTO), frogs (omochi), capybaras (CAPY), pandas (HUAHUA) and otters (DEGEN), which are being watched by the market. Stimulated by such animal market conditions, on-chain transaction volume has increased significantly, especially Solana. Taking the data on DEX Screener as an example, in the past 24 hours, the transaction volume on Solana reached more than US$960 million. Among them, the top 10 in terms of transaction volume contributed about US$170 million, accounting for 17.8% of the overall market. Half of these projects are from animal MEME, and their total transaction volume exceeds US$130 million. This also means that animal MEME is the main driving force behind Solana's transaction volume! ! !
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