Moo Deng crypto has skyrocketed by more than 114% following its recent listing on Binance Alpha. This Solana-based meme coin has been on a rally since mid-May, accompanied by a spike in futures open interest and trading volume.
Price Performance and Market Data
- 24-Hour Surge: The token reached $0.28, marking a 114.3% increase.
- Current Price: Trading at $0.267, still 60% below its all-time high.
- Weekly Growth: Up 576% in the past week and nearly 970% in the past month.
The surge aligns with heightened trader activity:
- Trading Volume: Increased by 416.3% compared to the previous day.
- Futures Open Interest: Spiked 120% to $276 million, up from $125 million just three days prior.
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Binance Alpha Listing Impact
The token’s rally coincides with its May 11 listing on Binance Alpha, alongside AI-inspired meme coin GOAT. Both tokens saw immediate boosts:
- GOAT: Rose 70% post-announcement.
- MOODENG: Capitalized on renewed market interest.
Origins of Moo Deng Crypto
Launched in September 2024, MOODENG draws inspiration from a viral Thai pygmy hippopotamus named Moo Deng. The hippo’s TikTok fame translated into a cultural phenomenon, with plush dolls distributed during Thailand’s Songkran festival in April 2025.
Key Features:
- Blockchain: Built on Solana for fast, low-cost transactions.
- Cultural Appeal: Tied to a beloved social media sensation.
FAQ Section
Why did Moo Deng crypto surge recently?
The Binance Alpha listing triggered renewed trading interest, driving up volume and open interest.
What is Binance Alpha?
Binance Alpha is a pre-listing token selection pool that introduces emerging projects to traders before full exchange listings.
Is Moo Deng a good investment?
As a meme coin, MOODENG is highly volatile. Always conduct independent research and assess risk tolerance before investing.
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Final Thoughts
While Moo Deng’s current rally highlights the speculative nature of meme coins, its cultural roots and exchange support may sustain short-term momentum. Investors should monitor market trends and liquidity shifts closely.
Disclaimer: This content is for educational purposes only and not investment advice.
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