Go to the moon. Den.
Posted on September 25, 2024 at 1:29 PM CDT
A crypto meme token based on the popular pygmy hippopotamus Mu Deng has surpassed $90 million in market capitalization just two weeks after its launch.
This means that the total tokens in circulation are worth approximately $91.8 million at current prices.
For those unfamiliar with him, Moo Daeng is an adorable baby pygmy hippo who lives in a zoo in Thailand. Moo Daeng is the Thai name for a dish called “jumping pork,” and fans of the always-drenched hippo are especially enthralled by TikToks that capture his anarchic antics and constant, energetic screaming.
The hippos have become so popular that the Khao Kheow Open Zoo in the centre of the country setting Enclosure live stream.
Crypto pumpers have also joined the movement, issuing tokens through Solana’s Pump.fun platform, which people are using to quickly generate meme coins.
More than 12,685 people Currently held As of Wednesday afternoon, the meme coin was trading at about 9 cents per coin, up 30% in the past 24 hours and four times more valuable than it was last week.
As Decryption They point out that Coin’s Twitter account also doubles as a popular fan page for those obsessed with Mu Deng, posting memes and cute moments, which have become engagement bait to help raise profile for both Kaba and Coin.
As of Wednesday afternoon, the X account had about 42,000 followers.
of Largest holder The owner of the coin is the account “skbdito10b.sol”, which owns 18 million tokens, or 1.83% of the total holdings, and is currently worth over $1.6 million.
Another account holding more than 1% of the total stock Mood Engthe same name as the fan page. The @MoodengSOL account did not immediately confirm whether it was the owner of the wallet. As of Wednesday afternoon, the wallet held more than 11 million tokens, worth just over $1 million.
According to MoodengSOL web pageInvestors in the coin will put some money into the Khao Kheow Zoo in the form of fees. MoodengSOL did not immediately respond to questions about the value of the fees or whether they had already been transferred to the zoo.
Khao Kheow Open Zoo also did not immediately respond to questions about whether it had been in contact with the Muden team about the donation.
But one thing is certain: Memeable Internet moments can be turned into coins.
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