Mood Deng a Solana based memecoin has added more than 790.02% to its prices in the past seven days and when writing it is trading at $0.2431 and as per data from CoinMarketCap since September 2024 till writing the price grew 323591.99%.
It is worth noting that, the trading volume of Moo Deng (moodengsol.com) has reached $1.08 billion till publishing with a surge of 47.60% in the past 24 hours and its market capitalization is $242.09 million.
In the past 24 hours, Moo Deng recorded a highest trading price of $0.2889 and it lowest traded at $0.1636, yet in a month, the lowest traded price of the memecoin is $0.023.
Mol Deng memecoin is inspired by Thailand viral pygmy hippo and this coin has gained huge traction since its launch.
The available data states, Moo Deng Deng/ USD is one of the most traded pairs of Moo Deng and MOODENG/USDT is the second most traded pair.
Listings on well-known exchanges like Binance and Coinbase greatly increased MOODENG’s accessibility and visibility. Binance’s Alpha listing on May 11, 2025, helped to drive a 110% gain in a single day, while Coinbase’s announcement to list MOODENG in December 2024 caused an 80% price spike in just one hour.
Is the memecoin market going in the right direction?
Over the past few days, the memecoin market has continued to balloon, and currently its capitalization is $76.32 billion with a surge of 7.21% in the past 24 and in the monthly time frame, the cap grew over 64.09%.
It is worth noting, the trading volume of the memecoins category surged around 5.64% intraday, and the volume saw a staggering surge of 364.77%.
Data available on CoinMarketCap states that, the intraday memecoin gainer’s list has been ruled by QUQ which surged around 528.17% followed by MBAG which added 197.47% and BIAO grew 124%.
Yet the most memecoin of the market are AIC, PEPE, Moo Deng, Dogecoin and Shib, the weekly gainer of the list are Moo Deng, Moonpig, Goatseus Maximus, Pippin and Fwog.
With Ethereum gaining traction and Bitcoin surpassing $103,000, the memecoin spike is consistent with an optimistic crypto market. Anticipated trade agreements and other positive macroeconomic attitudes encourage speculative investments in high-risk assets like memecoins.
Because many memecoins have small liquidity pools, whales can manipulate their prices. MOODENG may be vulnerable to sell-offs given its high trading volume and modest market capitalization.
Regulators may examine memecoins‘ speculative nature as they become more well-known. Growth may be slowed by possible crackdowns on unregistered securities or market manipulation, particularly in nations that are strengthening their control of crypto.
