MOODENG Memecoin Surges 17% on Hippo's Birthday

On her first birthday, the memecoin MOODENG, named after the beloved pygmy hippo Moo Deng, saw a remarkable increase of over 17%, making it the second-best performing crypto asset in the past 24 hours, as reported by The Block's price page. This surge positions MOODENG between two other animal-themed tokens: Pedgy Penguin (PENGU), which rose nearly 32%, and dogwifhat (WIF), climbing 16.9%, based on CoinGecko prices. Moo Deng gained fame last year with viral videos showcasing her playful antics and celebrated her day with a tropical fruit platter at a four-hour party at Khao Kheow Open Zoo, surrounded by her mother and many fans. Inspired by Moo Deng's internet fame, crypto enthusiasts launched the MOODENG memecoin on the Solana blockchain in September 2024, amidst the memecoin craze, and it skyrocketed by 1,400% shortly after its debut. At its peak in November 2024, MOODENG reached a market cap of $614 million and is currently trading at over $0.21, about 66.13% below its all-time high. The memecoin's rise comes during a broader market rally, with Bitcoin recently hitting new highs above $112,000 and continuing to climb above $113,500. In October 2024, Ethereum co-founder Vitalik Buterin sold $200,000 worth of MOODENG tokens, which were sent to his wallet, donating the proceeds to biotechnological charity. He later supported Moo Deng by becoming her 'adoptive father,' contributing additional funds to the zoo. Disclaimer: The Block is an independent outlet providing news and research. As of November 2023, Foresight Ventures is a major investor in The Block, maintaining its independence in the crypto reporting sector. This article is for informational purposes only and does not constitute legal or financial advice.