The largest holder of the Solana meme coin, Moo Deng (MOODENG), has added 11 million tokens to its holdings despite a significant drop in price. This has sparked speculation that the cryptocurrency may recover some of its recent losses. However, data suggests that there has been a decline in daily active addresses for MOODENG, indicating waning user interest and potentially putting more pressure on the coin's price. The cryptocurrency is currently trading within a bearish descending triangle pattern, and if the support level at $0.34 is broken, the value of the coin could drop even further. On the other hand, if MOODENG's largest holder continues to accumulate more volume, it could lead to a rebound in price towards $0.56.



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