The Solana-based Moo Deng memecoin has rapidly gained attention, crossing the $100 million market capitalization mark on Thursday, according to CoinMarketCap data.
This Thai-themed token, inspired by a newborn hippo at Khao Kheow Open Zoo in Bangkok, has captivated the global crypto community.
Source: CoinMarketCap
Moo Deng, the adorable hippo, became an internet sensation after images of her went viral, leading to a surge of interest in the token.
With a fast-growing holder count and significant trading volume, the Moo Deng memecoin has solidified its place among popular meme tokens.
Moo Deng’s rise to $100 million
Moo Deng’s quick ascent to a $100 million market cap is notable, especially as it comes from a relatively niche space.
Memecoins typically rely on the strength of internet culture and viral trends, and Moo Deng capitalizes on both.
With its appeal centered around the adorable hippo, this token has managed to secure a strong fanbase in a short time.
According to on-chain data, Moo Deng’s holder count has now soared to over 12,400 unique wallets, and the trading volume in the last 24 hours reached $48.5 million.