Everything you need to know about Moodeng Meme Coin
By : DC Web Desk
Update: 2024-10-03 12:17 GMT
Moo Deng, a charming two-month-old pygmy hippo known for her playful antics and adorable expressions, has become the inspiration for a new meme coin.
A cryptocurrency enthusiast recently reported turning their investment of 1 lakh into a multimillion-dollar fortune in just 17 days after investing in the newly launched Moo Deng meme coin. The user, known as Lookonchain, shared a screenshot on X, revealing their investment of 1,300 dollars (approximately 1 lakh) in Moodeng coins on September 10. Shortly after, as the price of the meme coin skyrocketed, their investment reportedly surged to over 12 million dollars. This means the crypto user's initial investment of 1 lakh grew to more than 100 crore in just 17 days, according to the post.
Meme Coin
Meme Coin
Meme coins are cryptocurrencies named after popular memes and viral content, often featuring animals.
Moodeng coin
The Moodeng coin was inspired by a baby hippo in Thailand that became viral on social media sensation for her small size and playful videos.
Like other meme coins, such as Dogecoin, Moodeng coin isn't backed by any real asset. However, it’s leading the pack among wildlife-themed meme coins, reportedly trading at nearly twice the price of Dogecoin.
According to Fortune, Moodeng's price has surged by more than 1,400% since its launch on September 10, though some investors warn the value could drop suddenly.
Moo Deng, whose name means "bouncy pork" in Thai, has quickly become an internet sensation. The two-month-old pygmy hippo went viral on TikTok and Instagram with her playful antics, inspiring a wave of merch, memes, and even DIY tutorials on crocheting or baking Moo Deng-themed creations. Fans from around the globe have flocked to see her in person, leading keepers to limit her viewing time to just five minutes per visitor due to overwhelming demand.
Her caretaker and social media manager credit short-form videos for skyrocketing the baby hippo's fame, hoping it will raise awareness for biodiversity conservation.
Like other meme coins, such as Dogecoin, Moodeng coin isn't backed by any real asset. However, it’s leading the pack among wildlife-themed meme coins, reportedly trading at nearly twice the price of Dogecoin.
According to Fortune, Moodeng's price has surged by more than 1,400% since its launch on September 10, though some investors warn the value could drop suddenly.
Moo Deng, whose name means "bouncy pork" in Thai, has quickly become an internet sensation. The two-month-old pygmy hippo went viral on TikTok and Instagram with her playful antics, inspiring a wave of merch, memes, and even DIY tutorials on crocheting or baking Moo Deng-themed creations. Fans from around the globe have flocked to see her in person, leading keepers to limit her viewing time to just five minutes per visitor due to overwhelming demand.
Her caretaker and social media manager credit short-form videos for skyrocketing the baby hippo's fame, hoping it will raise awareness for biodiversity conservation.
According to the International Union for Conservation of Nature, pygmy hippos are the natives of West Africa. They are facing threats due to human activities like logging, mining, and poaching, and only 2,000 to 2,500 remain in the wild today.