MOODENG is a hippo-themed Meme Coin on Solana, which surged 40% in 24 hours after the largest cryptocurrency exchange in South Korea, Upbit, announced its listing.
MOODENG increased by 31% just in the first 20 minutes after the listing news, attracting significant trading volume and investors, gradually becoming a prominent phenomenon in the cryptocurrency market.
MAIN CONTENT
Listing on Upbit boosts price and liquidity for MOODENG with several key trading pairs.
Technical factors and market sentiment contribute to the upswing, signaling a continued upward price trend.
The MOODENG birthday event creates a positive community effect, increasing interest and active trading.
What is MOODENG and where does this coin come from?
With experience analyzing many Meme Coins, MOODENG is inspired by a real baby hippopotamus at Khao Kheow Open Zoo, Thailand.
The hippopotamus MooDeng has become a beloved friendly symbol in Thai pop culture, combining humorous elements about food and cuteness, creating a fitting foundation for a Meme Coin that attracts the youth community and individual investors.
Why did the price of MOODENG surge on the day of its listing on Upbit?
Cryptocurrency market analysts assess that the listing event on Upbit has created a strong boost for MOODENG. Upbit is an exchange with over 16 million users, providing liquidity opportunities and large-scale user access.
Previously, MOODENG experienced price increases thanks to listings on several other major exchanges and is now being reinforced by positive psychological effects from technical fluctuations such as the round bottom pattern and prices above the 20 and 50-day moving averages. The 24-hour trading volume exceeded $520 million, with market capitalization rising from $165 million to over $200 million.
MOODENG is a typical example showing that listing on a major exchange can create an immediate turnaround in liquidity and investor interest.
Mr. Kim Hyun-woo, CEO of the South Korean cryptocurrency analysis company, 28/06/2024
How does the MOODENG birthday event affect the market?
The first birthday of the hippopotamus MooDeng on July 10 is a real event that has attracted the community and become a source of positive waves for this coin.
Market experience shows that such anniversary milestones often help trigger social media explosions, increasing liquidity and rekindling investor interest.
Some whales have started to take the opportunity to sell, while the balance on the exchange has decreased by 12% in the past 24 hours, indicating that many investors are choosing to withdraw tokens to personal wallets to wait for prices to rise further.
Community events with real elements like MooDeng's birthday not only increase interaction but also highlight the coin's story, driving accumulation and trading behaviors.
Dr. Lee Min-jun, Cryptocurrency Finance Expert, Seoul National University, 30/06/2024
Frequently asked questions
What does MOODENG mean?
MOODENG is the name of a real baby hippopotamus in Thailand, a friendly symbol in pop culture, inspiring this meme coin.Why did the price of MOODENG rise after being listed on Upbit?
The listing on the largest exchange in South Korea has stimulated liquidity, along with positive technical signals and investor sentiment as the main causes.What trading pairs does Upbit support with MOODENG?
Currently, Upbit supports MOODENG trading with KRW, BTC, and USDT; however, investors need to check the network carefully before depositing funds.How does the MOODENG birthday event affect the coin price?
Anniversary milestones create positive psychological effects, driving trading activity and increasing community interest.When does the trading of MOODENG on Upbit start?
Scheduled to open on July 3 at 17:00 Korean time, the time may be adjusted if liquidity is insufficient.
Source: https://tintucbitcoin.com/moodeng-tang-40-sap-lap-dinh-moi/
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