MOODENG Background: The Influencer Hippo Sparks a Frenzy in the Cryptocurrency Market

- **Origin**: The TikTok videos of Thai influencer Little Hippo Moo Deng went viral, with billions of views. The MOODENG token was launched to capitalize on this, based on the Solana chain (later an Ethereum version), positioning it as a meme coin.

- **Market Value**: Peak of $614 million in November 2024, around $314 million in May 2025 (Solana version, $0.32 per coin).

28,000 Times Surge? Profits and Traps

- **Early Returns**: Initially, $1,500 could purchase tens of millions of coins; early low-price hoarders received thousands of times returns at high prices, but the “28,000 times” claim is exaggerated, with no clear on-chain cases observed.

- **Retail Risks**: The top ten addresses hold 40% of the chips; large holders clearing their positions could lead to a crash, and 80% of retail investors who bought at high prices may be stuck.

### Manipulator Operations: Three Major “Pump and Dump” Tactics

1. **Whale Ambush**

- Large holders hoard coins at low prices, placing massive sell orders at high prices (e.g., $5.43 million), with RSI overbought indicating a risk of pullback.

2. **Bot Trading**

- Trading volume surged to $1.2 billion, suspected wash trading creating a false sense of prosperity, with K-lines fluctuating sharply to induce chasing.

3. **Exchange Endorsements**

- Binance, OKX, and others listed MOODENG, with contract trading boosting weekly gains by 191%-612%, with exchanges and manipulators amplifying market sentiment.

Risk Warning

- **Technical**: RSI is off the charts, bullish momentum is exhausted, and a price halving could occur at any time.

- **Liquidity**: Large holders have significant control, and a single click to clear positions could crash the price to the floor.

- **Advice**: The speculative risk of meme coins is extremely high; retail investors need to be wary of manipulators dumping, and should not blindly chase high prices.