Moo Deng Skyrockets Over 114% After Binance Alpha Listing

Meme Coin Frenzy Fueled by Exchange Debut

Moo Deng, a Solana-based meme coin inspired by a viral Thai pygmy hippo, has surged over 114% following its recent listing on Binance Alpha. The token spiked to $0.28 within 24 hours of the listing and was trading at approximately $0.267 at the time of reporting. Although still 60% below its all-time high, Moo Deng's rapid ascent reflects renewed trader interest and momentum.

Explosive Growth in Volume and Open Interest

The token's meteoric rise extends beyond its daily performance. Moo Deng has gained over 576% in the past week and nearly 970% in the last month. Trading volume alone jumped by more than 416%, indicating a sharp increase in market activity. At the same time, futures open interest soared to $276 million—more than double its value just three days prior.

Listing Sparks Bullish Sentiment

The rally aligns closely with Moo Deng’s listing announcement on Binance Alpha on May 11, where it was featured alongside AI-themed meme coin GOAT. Both tokens experienced significant surges, with GOAT rising by over 70% shortly after the announcement. The listing appears to have ignited investor enthusiasm across the meme coin sector.

The Viral Hippo Behind the Token

Launched in September 2024, Moo Deng draws inspiration from an actual pygmy hippopotamus calf that became a social media sensation in Thailand. Hailing from Khao Kheow Open Zoo, the endearing animal captured hearts online, particularly on TikTok. The hippo’s fame extended into real-world celebrations, as Suvarnabhumi Airport staff distributed Moo Deng plush toys during April’s Songkran festival.