Solana-Based Meme Coin MOODENG Explodes with $1.2B Volume Surge
The Solana meme coin Moo Deng (MOODENG) is making headlines once again, emerging as the strongest performer in the latest crypto rally. With daily trading volume surpassing $1.2 billion, the token has outpaced nearly every other digital asset in the market.
MOODENG’s remarkable price surge began last week, posting triple-digit gains that have reignited interest across the crypto community. In the past 24 hours alone, the token has jumped 104.3%, pushing its price to $0.24, its highest level since January.
Baby Hippo Hype Strikes Again
Launched in September 2024, MOODENG quickly gained traction thanks to its quirky branding centered around a baby pygmy hippo. That initial buzz pushed its market cap beyond $100 million within weeks.
However, following its all-time high in November, the token saw a major correction, dropping to a market cap of just $20 million by early April. But that decline appears to be over.
This week, the meme coin has staged a dramatic comeback. As of the latest update, MOODENG’s market capitalization has surged to $263.8 million, driven by renewed investor enthusiasm and a sharp uptick in trading volume.
On-Chain Activity and Smart Money Interest
Blockchain data from Solscan reveals a massive spike in on-chain buying activity. In just one week, buy volume on decentralized exchanges (DEXs) surged by over 8,200%, rising from under $200,000 to nearly $15 million.
Interestingly, sophisticated investors—often referred to as "smart money"—have begun accumulating the token. One blockchain analytics platform highlighted that 165 new wallets now control 25% of MOODENG’s supply, with a combined unrealized profit of more than $25 million.
Binance Alpha Listing and Viral Search Growth
Fueling the hype is MOODENG’s recent listing on Binance Alpha, a development that appears to have sparked a wave of retail buying. U.S.-based exchange activity contributed significantly to the coin's total trading volume, underscoring its growing international reach.
At the same time, public interest in MOODENG is soaring. According to Google Trends, search volume for the meme coin has hit a perfect score of 100, signaling peak online curiosity and suggesting the potential for continued viral momentum.