The post Moo Deng’s Antics Spark a $140 Million Memecoin Phenomenon appeared on BitcoinEthereumNews.com.

Moo Deng, a newborn Thai pygmy hippo that has stolen hearts globally, is now the star of a $142 million meme coin that surged over 60% in the past day alone. The new meme coin has minted several new millionaires but is dividing opinion on whether such projects take away from coins with real utility. Just when you think meme coins are done with, they find a way to make a big splash. This time, the latest headliner is based on the cutest baby hippo global: Moo Deng. Moo Deng is a pygmy baby hippo born two months ago at the Khao Kheow Open Zoo in Thailand. Since then, it has stolen the hearts of billions globally, with its photos and videos splashed across social media. It has even morphed into a makeup trend on TikTok. This makes the baby hippo the perfect object for a meme coin. Moo Deng has become the latest meme coin sensation, and over the past week, it has shot up from $0.03597 to trade at $0.145 at press time, a 320% rise. In the past day alone, it has gained 70%, taking its market cap to $144 million. NEW: SOLANA MEMECOIN $MOODENG (@MooDengSOL) BECOMES THE BIGGEST 24H GAINER AMONG THE TOP 500 TOKENS BY MARKET CAP pic.twitter.com/1H7aN56E6y — DEGEN NEWS (@DegenerateNews) September 26, 2024 The unprecedented surge has minted millionaires who spotted the opportunity early on. One trader turned $1,331 into a staggering $3.4 million in just two weeks, which translates to over a 2,550% return. 🚨 NEW: @lookonchain reveals that a trader on @Solana turned $1,331 into $3.4M in just 15 days by buying $MOODENG memecoin at an early stage. a 2,554x return. pic.twitter.com/XIQUeJ1poz — SolanaFloor (@SolanaFloor) September 25, 2024 Moo Deng is setting new records in its wake. For one, it’s the…

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Filed under: News - @ September 27, 2024 3:24 am