Crazy Buying Of This New Solana Meme Coin

Lookonchain reported a remarkable surge in interest for the memecoin $MOODENG. A whale recently made headlines by spending 10,156 $SOL (approximately $1.59 million) to acquire 6 million $MOODENG tokens at an average price of $0.2655 within just eight hours.

$MOODENG is a memecoin on the Solana blockchain, inspired by a baby pygmy hippo residing in a zoo in Thailand. Launched on Pump.fun on September 11, 2024, it has quickly garnered attention, boasting a market cap exceeding $320 million at the time of writing.

The crypto does not have enough price action to make a thorough price analysis, but it has been going up since it launched. Data from CoinMarketCap shows that it has risen by close to 600% in the last 24 hours.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

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