Moodeng (MOODENG) is a new Memecoin icon and is considered one of the pioneering projects in the growth of the Memecoin market on the SOL network. Behind this token is not only the famous image of the hippopotamus from Thailand, but also the connection to the Ethereum project founder and the controversial Binance listing story.
Join Allinstation and HC Gem Alerts to explore the growth of Moodeng and catch the Memecoin Supercycle this season!
Origin of the MOODENG (SOL) Token
Who is Moo Deng?
Moo Deng, a newborn dwarf hippopotamus, was born in July 2024 at the Khao Kheow Open Zoo in Si Racha, Chonburi Province, Thailand. Dwarf hippos are an endangered species, with only about 2,000 individuals remaining in the wild in West Africa.
With its cute appearance, humorous expressions, and quirky actions, Moo Deng has captured the hearts of audiences worldwide. Moo Deng's image has been used by major companies like DreamWorks Animation and Universal Pictures in their iconic products. Even the top German football club Bayern Munich has used Moo Deng memes to celebrate their impressive winning streak in the UEFA Champions League.
The popularity of Moo Deng has also helped the Khao Kheow Zoo double its visitor numbers compared to before, and their social media following has skyrocketed, surpassing 100,000 followers on the X platform (formerly Twitter).
MOODENG (SOL): Memecoin inspired by Moo Deng
The MOODENG (SOL) memecoin was born thanks to the global appeal of Moo Deng, with mentions in major platforms like BBC, Today Show, and The New York Times.
Basic information about MOODENG (SOL) (according to the status on Dexscreener)
- Blockchain: Solana
- CA: ED5nyyWEzpPPiWimP8vYm7sD7TD3LAt3Q3gRTWHzPJBY
- Issuance Platform: Pump.fun (launched on 11/9/2024)
- CTO: None
- Key Statistics:
- Number of Holders: Over 54 thousand
- Market Capitalization: Approximately 369 million USD
MOODENG (SOL) has quickly become a phenomenon, generating massive profits for early investors, with the price increasing to the point where a person could hold $800 and turn it into $3.5 million without even selling.
Tokenomics information
- Total Supply: 989.97 million tokens
- Buy/Sell Tax: 0%
- Charitable Commitment: 100% of transaction fees on the Moonshot app will be donated to the Khao Kheow Zoo to support conservation efforts.
Moodeng and its copies, MOODENG ETH or MOODENG SOL, which came first?
MOODENG SOL was created 5 days before MOODENG ETH. Essentially, MOODENG SOL has received more attention from the community due to its close association with Vitalik Buterin and its listing on Binance, the current world's leading exchange.
Additionally, MOODENG SOL has received more attention as the image of the Moo Deng hippopotamus has been mentioned by many prominent names such as BBC and The New York Times (which has published an article mentioning the Moodeng Memecoin). Being launched earlier, having a larger market capitalization (3 times the Ethereum version at the time of writing), and having a superior number of holders (over 54,000 wallet addresses compared to around 12,000 according to Dexscreener).
MOODENG and its close connection with Vitalik
According to research from various sources, most investors believe that Vitalik has shilled the MOODENG SOL token and contributed to its strong growth in the first month of its launch. It should be noted that MOODENG is one of the first tokens to kick off the Meme wave on the SOL network in recent times, at least after the concept of Memecoin Supercycle became widely known.
Vitalik Buterin also sold 10 billion MOODENG memecoin tokens through the decentralized exchange CoWSwap, earning 308.69 ETH (approximately $762,000). Afterward, Vitalik donated 260.16 ETH (around $642,000) to the Kanro charitable foundation, which he co-founded. This was not the first time Vitalik sold MOODENG memecoin. Previously, on October 5th, he had sold 11.76 billion tokens, earning 21.03 ETH ($50,900).
Read more: Vitalik sells 10 billion MOODENG memecoins and donates all proceeds to charity
Here is the English translation:It is noteworthy that after the sale, the Twitter account of the Ethereum Founder deliberately mentioned the token he had just sold, creating strong attention in the community. The whale dimethyltryptamine.eth immediately accumulated $139,000 worth of MOODENG as soon as the sell order was discovered and waited for Vitalik to tweet (similar to the SHIB case). The actions of Vitalik have set a precedent and influenced the community.
Read more: What insights can be gained from the meme wave?
The Binance listing story of MOODENG SOL
On October 25, Binance listed Futures Contracts for the MOODENGUSDT trading pair, and the price of this token has increased by more than 100% from $0.074 to $0.168 just at the time of the announcement. At the time of listing, MOODENG also faced a wave of criticism from the community when Binance had listed GOAT a day earlier and the drama of listing 3 Memecoins not long ago. Despite the above reactions, the price of MOODENG still rose sharply, catching the attention of the community.
Read more: Binance Futures announces the listing of Moo Deng (MOODENG)
The MOODENG token has recorded a price increase of over 1000% in just one month (at ATH), thanks to its appearance on Binance Futures and the explosion of the Memecoin Supercycle in the cryptocurrency community.
Recently, Binance has continued to list another whale on the platform with the Futures Contract trading pair HIPPOUSDT. It is unclear whether it was accidental or intentional, but the hippopotamus image was received quite positively. Finally, the continuous listing of Memecoins on Binance over the past few months has created a new trend.
Ample liquidity due to the vibrant and accessible Solana network has created a fairly successful Memecoin Supercycle. Although just beginning, most investors are starting to look at Memecoins and expect to be listed on Binance and experience a huge increase. This is a bad precedent as Memecoins are inherently high-risk, but it is certainly a good investment opportunity when the market does not have high expectations for many other technology projects.
Summary
MOODENG on the SOL network is a typical case for brothers to pay attention to the changes in the market in recent times. The involvement of KOLs - specifically Vitalik, as well as the community's awareness of Moo Deng, is one of the criteria for selecting Gems mentioned in Meme Analysis #1.
Review the lessons if you are interested in Memecoins and want to find a gem in this increasingly difficult market.
Note that this article is for informational purposes only and is not intended to solicit investment.
