Moo Deng Jumps 645% in May, But Traders Expect a Drop
Moo Deng (MOODENG) has surged by more than 600% since the beginning of May, briefly touching $0.32 before pulling back. It surged 645% in two weeks following its Binance Alpha listing, drawing in new holders ahead of the announcement.
While some traders predict a move back to $0.60, others see Moo Deng falling toward $0.10 as market momentum cools.
Meme coin volumes have jumped to $141.5 million, with Moo Deng, Bonk, and others fueling a short-term wave of renewed risk appetite.