MOODENG soars 470%: Is Solana's funny hippo dominating the meme coin market?
Solana meme coin recovers strongly MOODENG jumps into the game with a spectacular jump
The meme coin market has once again "revived" after a period of silence, and a new character is surprising the community: Moo Deng (MOODENG) - the cute "silly-faced" hippo of the Solana blockchain. With a 470% jump in 30 days, MOODENG is officially back on track, entering the Top 300 cryptocurrencies by capitalization, according to data from SoSoValue.
Although still 67% lower than its historical peak of $0.68 (set in November 2024), MOODENG is proving that the vitality of a Solana meme coin is not "short-lived".
MOODENG's Double-Digit Price Gain Shows the Appeal of a "Blockchain Hippo"
In the latest trading session, MOODENG hit $0.2217, up 13.9% in 24 hours. Interestingly, MOODENG's maximum supply is 989.9 million tokens, which is similar to Dog Wif Hat (WIF), an older meme coin on the Solana ecosystem.
While WIF peaked at $4.83 in 2024, it is currently hovering around $1. Similarly, MOODENG still has a long way to go to reach its former glory, but its nearly half-a-thousand percent surge has rekindled hope for those who believe in "meme culture" on the blockchain.
Why it's on the rise: Trends, communities, and new money
The return of the meme coin craze coincides with a slight recovery in the global crypto market and the explosion of animal-themed coins on Solana. MOODENG, with its eye-catching cartoon hippo icon, quickly attracted attention from the investor community and social media KOLs.
MOODENG's 24-hour trading volume reached over $210 million, accounting for over 20% of centralized exchanges, especially prominent on Bybit and OKX. Meanwhile, WIF still leads with over $550 million in trading, but MOODENG is gradually closing the gap.
Challenges Ahead: Memes Aren't Everything
However, not everyone is confident in the sustainability of this rally. Experts warn that meme coins will have a hard time maintaining their momentum without real-world utility or a developed ecosystem.
However, the MOODENG development team has revealed some plans for the "MOODENGVerse", an interactive NFT and staking platform that will launch in Q3/2025. If it delivers on its promise, MOODENG could become the next meme phenomenon that goes beyond just being a “fun token.”
Conclusion: This hippo is no joke
MOODENG may have started as an online joke, but with a strong community, impressive trading volume, and a price jump of over 470%, this meme coin is more than just a passing wave.
The question is: Can MOODENG become the “next WIF”? Or is this just a short-term wave before the market corrects?
Either way, this Solana hippo has investors on their toes, at least for now.