Moo Deng, the Solana-based meme coin inspired by a viral Thai pygmy hippo, has exploded in value following its debut on Binance Alpha. The token surged over 114% in just 24 hours, reaching a peak of $0.28 before settling at around $0.267 — still about 60% below its all-time high.
Since mid-May, Moo Deng has been riding an intense bullish wave. In the last seven days alone, the coin has soared over 576%, and it's up nearly 970% this past month. The momentum doesn’t stop there — trading volume has rocketed 416.3% higher compared to the previous day, a clear sign of growing market interest.
Another major development: futures open interest in Moo Deng has seen a dramatic rise. According to CoinGlass, open interest has jumped to $276 million, up from just $125 million three days ago — and a whopping increase from $13.4 million just a week prior.
This price explosion seems tied directly to Moo Deng's listing on Binance Alpha's token selection pool on May 11. It was listed alongside another trending meme token, Goatseus Maximus (GOAT), which also experienced a sharp 70% price spike after the announcement.
With strong trading activity, surging futures interest, and continued hype in the meme coin space, Moo Deng is capturing serious attention across the crypto community.
