CandleFocus Moo Deng falls more than 22% after market debut with ‘meteoric rise’
2024-10-16
Author: Content Editor
The Solana-based meme coin, Moo Deng, has experienced a significant drop in value, falling by 22% in the past 24 hours and nearly 45% in the past week. This is a sharp decline from its previous record-high prices. The meme coin was trading at $0.0915 with a 24-hour trading volume of $96 million. The fall in value comes after Ethereum co-founder Vitalik Buterin sold 10 billion Moo Deng tokens and donated over $640,000 worth of cryptocurrency to his charity fund. The hippo-inspired coin reached its all-time high on Sept. 28 but has since seen a 70% decrease in market cap. Moo Deng currently ranks at number 5 among Pump.fun tokens and number 473 in the overall meme token rankings. Moo Deng gained popularity as a viral Thai pygmy hippo at Khao Kheow Open Zoo and has been the subject of internet memes.
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