Moo Deng (MOODENG), a meme coin on the Solana blockchain, has become the main character of the new rally in the crypto market. Over the last day, it outperformed all top-1000 cryptocurrencies in terms of profitability. The trading volume of the coin exceeded $1 billion.
Moreover, the price increase has been no less impressive. Over the past 7 days, MOODENG has gained three digits in price, the token literally exploded.
The meme coin Moo Deng is back in the game
MOODENG appeared in September 2024 and quickly gained popularity thanks to a viral idea; the project is based on the image of a baby pygmy hippo. The internet quickly picked up the hype, and within a month, the coin's capitalization exceeded $100 million.
But after reaching its ATH in November, the project went into the shadows for a long time. By early April, the token's capitalization fell to $20 million.
Now the meme coin is making a comeback. Over the past 7 days, MOODENG has increased in price by 612.3%. The growth has been relentless since last Thursday, with another pump recorded each day.
Over the last 24 hours, MOODENG has increased by another 104.3%. The price reached $0.24, the highest level since the beginning of the year.
MOODENG enters the top of CoinGecko
The strong price increase has propelled the meme coin to the top position among trending tokens on CoinGecko. Additionally, it has taken the first spot in the ranking of the fastest-growing coins.
MOODENG reached $100 million in capitalization. Source: TradingView
Amid the rise in value, the project's capitalization has again returned above $100 million. It currently stands at $263.8 million. Such a surge in interest in the token is also noticeable in market activity.
The daily trading volume of Moo Deng reached $1.2 billion, which is a 325.8% increase in one day. Moreover, 27% of the volume came from Coinbase, indicating strong activity from American traders.
