- MOODENG’s Price Spike: The token’s price has surged over 122% within hours of its Binance Futures listing
- High-Leverage Attraction: Binance offers up to 75x leverage for MOODENG, sparking great interest from traders
- A Viral Meme Coin: Inspired by a popular Thai hippo meme, MOODENG has gained rapid traction on Solana and beyond
Within the last hour, Binance Futures has launched the MOODENGUSDT Perpetual Contract, which can be traded with up to 75x leverage. The introduction has triggered significant interest among traders as many investors scrambled to catch the wave.
MOODENG Sees Explosive Growth in Price and Trading Volume
Since the launch of the MOODENG contract, its price has surged an impressive 122.20% to $0.1484 within the last 24 hours. Meanwhile, trading volume has increased by more than 208% to $222.94 million.
This rapid surge underscores strong demand in both the spot and especially futures markets for MOODENG.
Originating from the Solana blockchain, MOODENG is a memecoin with an interesting tale stemming from a popular Thai hippopotamus meme. This class of digital assets tends to be highly volatile but appealing, thus coming to the forefront of speculative trading.
Perpetual contracts have not only allowed high-leverage trading opportunities but also boosted the visibility of the token, creating heightened excitement among retail and institutional investors.
Another hot story circulating in the trading communities is that of a trader reportedly turning 6 SOL, then worth approximately $815, into an astonishing $9.4 million—a mind-boggling return of 11,534x. The MOODENG token has further cemented its reputation as one capable of yielding life-changing financial gains, which many traders have tried to replicate.
Another event that sent shockwaves through MOODENG’s price was when the founder of Ethereum, Vitalik Buterin, sold his airdropped coins. The token jumped as high as 480% following his sale of the tokens, creating market hype and speculation among investors.
Conclusion
The highly anticipated listing of the MOODENGUSDT Perpetual Contract on Binance Futures has sent ripples through trading circles, with the price surging phenomenally by 122% and its trading volume rising.
Having originated as a memecoin and with the possibility of high-leverage trading, MOODENG has managed to attract the interest of both retail and institutional investors.
With stories of life-changing profits circulating in the market, the momentum around this token will continue to persist and keep it at the forefront of the cryptocurrency market.
