MOODENG, the latest meme coin inspired by Thailand’s beloved pygmy hippo Moo Deng, has seen remarkable growth, soaring over 200% in value after its listing on Binance. This surge highlights substantial investor interest, with the coin momentarily breaking the $0.20 mark to reach a peak of $0.2401, according to CoinMarketCap.

MOODENG Soars 200%, Source: CoinMarketCap

Launch of MOODENG on USDT Perpetual Contract

Launched on 25 October 2024, the MOODENG on USDT perpetual contract allows traders to engage in leveraged crypto-to-crypto trading. With a maximum leverage of 75x, the contract appeals to high-stakes investors, offering a capped funding rate of +2.00%/-2.00%, with settlements occurring every four hours. This feature enables traders to take more significant positions in the volatile meme coin market.

Popularity Driven by Playful Branding

The coin’s appeal lies in its branding around Moo Deng, a two-month-old pygmy hippo at Thailand’s Khao Kheow Zoo, which has captivated meme enthusiasts and investors alike. Launched on the Solana blockchain in September 2024, MOODENG has swiftly gained popularity, distinguishing itself from other meme coins through its association with the adorable hippo.

Attractive Tokenomics for Traders

With a capped supply of 989.97 million and no buy-or-sell taxes, MOODENG offers a user-friendly trading experience, adding to its appeal. Its rapid price rise and meme-driven branding have positioned it as a promising asset in the highly speculative meme coin market.

MOODENG’s debut on Binance reflects a growing interest in meme coins, as well as the power of unique branding in driving crypto market trends.