The Solana memecoin called Mae Moo Deng ($JONA) has experienced a crash of over 90%, causing significant losses for thousands of holders. The token initially rallied by 11,164% and reached an all-time high, but its gains were quickly wiped out when a Thai zoo clarified that the token was named incorrectly. JONA is now down over 95% from its peak, with low liquidity and a market cap of around $227k. Some individuals suspect market manipulation by the zoo, as there was already another meme token called $JONAH named after the mama hippo MOODENG. $JONAH saw a significant increase in value following the zoo's tweet. The MOODENG trend has gained popularity, with the baby hippo having a market cap of over $271 million and early buyers reportedly making millions in gains.



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