- Moo Deng Crypto, a Thai hippo-themed memecoin, has surpassed a $100 million market cap
- The token has attracted 12,400 holders and millions in trading volume
- Its global appeal, driven by media attention, sets it apart from other Thai-based tokens
Moo Deng, a newborn Thai hippo from Khao Kheow Open Zoo in Bangkok, has not only charmed zoo visitors and social media followers, but she’s now also the face of a $100 million memecoin.
This Solana-based token surged past the milestone on Thursday, marking one of the fastest-growing tokens to hit that level from virtually zero in recent months, according to CoinMarketCap.
Moo Deng: The Thai Hippo That Became a $100 Million Memecoin
Interestingly, while Moo Deng herself is Thai, the project isn’t tied to Thailand in any formal capacity. Udomsak Rakwongwan, a professor at Kasetsart University and co-founder of the decentralized exchange FWX.Finance, noted that other Thai-themed tokens in the past haven’t seen the same success.
“There have been meme tokens in Thailand before, but they didn’t really take off because they were too localized,” Rakwongwan explained.
One such example was a token centered around Thailand’s ex-junta prime minister, which went viral but failed to gain significant market traction. “Moo Deng is different,” he added, pointing out that the hippo has gained global attention, making the token appealing to a much broader audience.
The memecoin’s rise in popularity is evident from its expanding holder count, which now stands at over 12,400 unique wallets. In the last 24 hours alone, the token saw $48.5 million in trading volume. A fan page dedicated to Moo Deng Crypto has been actively tracking its rapid growth.
One trader managed to turn a $1,331 investment into $3.4 million by perfectly timing the market, as on-chain data from Lookonchain revealed. This kind of success story has added further fuel to the token’s viral momentum.
Conclusion
With the combination of a globally beloved mascot and significant trading activity, Moo Deng Crypto has captured the interest of both casual investors and serious traders alike. As the memecoin market continues to evolve, Moo Deng is proving that even a hippo can take center stage in the world of cryptocurrency.
