What Is MOODENG? All About the Baby Hippo Memecoin on Solana

Meme coins have taken the crypto world by storm because, in this economy, who doesn’t want to go from rags to riches? Despite the volatile nature of these coins, you can’t help being fascinated by some major success stories. A recent post by blockchain analyst Lookonchain on X (formerly Twitter) has skyrocketed interest in MOODENG, propelling this Solana-based memecoin to new heights. 

The user soared their 1,300 dollar investment into a whooping 12 million dollar, within the span of only 17 days! But what separates this Solana-based meme coin from the herd? Let’s dig in to find out.

Meet MOODENG: The Internet’s Pookie!

MOODENG, the inspiration for this meme coin, is an adorable female pygmy hippo that has melted the internet into a puddle with its endearing antics. Multiple photos and videos of the animal celebrity added to her fame, especially the one where she throws a tantrum at her caretaker while being picked up. 

The Khao Kheow Open Zoo, Thailand, is home to this baby, where fans flock to see her. Living up to her name, the BOUNCY PORK (MOODENG) started a surge of hilarious memes and thus formed a loyal community.

Introducing the MOODENG Token

The Baby Hippo’s hype soon got to the crypto world and a promising meme coin was launched on the Pump.fun platform on September 11, 2024. MOODENG is available on Solana, Ethereum, and Base networks, with the Solana token gaining the most traction due to its low fees and fast transaction speeds.

The Solana blockchain ensures fast transaction speeds and minimal fees. What sets it apart from the rest is that it boasts a user-friendly structure, making it accessible to traders and netizens alike. The tokenomics focus on maintaining an active participation from community members.

Interactive events and social media contests are keeping the charm alive as MOODENG-themed artworks rule the internet. This sensational cryptocurrency is mainly driven by memes and community strength, making it appealing to traders who follow viral trends closely. 

Recap: What Did You Miss?

Fans of meme culture and crypto enthusiasts went hand in hand for this one, and the worth of the MOODENG coin touched an all-time high of 1,400%. However, like other meme coins, there’s no physical asset associated with MOODENG.

Despite that, the baby hippo has aroused the sentiments of crypto traders and netizens alike, raising both funds and awareness for an endangered species. The emerging cryptocurrency presents an exciting opportunity for people who got on the bandwagon early on.

MOODENG’s hype can be evaluated from the fact that it has gained over 159.07% percent only in the past week. (30th September to 6th October). As of today (9th October), the coin has a fully diluted market valuation of about 160 million dollars. There has been an overall surge of 409% and the daily trade volume adds up to $120 million.

MOODENG's tokenomics

The tokenomics of MOODENG are all about fostering a supportive community. Without any physical asset backing it up, the coin skyrocketed due to internet fame. MOODENG’s community has been steadily growing, reaching about 60,000 followers on X (formerly Twitter) as of the date of writing.

MOODENG has made trading a lot more inclusive and accessible to all with zero 0% buy and sell taxes. The high market capitalization and trade volume indicate that there’s room for some more short-term growth so, it’s still not too late to play your cards. However, we suggest you invest according to your risk tolerance, as meme coins are always susceptible to high volatility.

Overall, the tokenomics are designed to attract speculative investors and newbies alike, who are striving for a huge breakthrough.

MOODENG’s Place on Solana

Solana occupies a strong position in the crypto world, often called the ‘Ethereum Killer’. Its 60,000 transactions per second (TPS) speed provides a sheer contrast to Ethereum’s 30 TPS speed.

As transaction speed is a make-or-break in the meme coin world, MOODENG benefits greatly from its place in the Solana ecosystem. Thus, we can see a huge difference between the hype of MOODENG Solana and MOODENG Ethereum. The competitive nature of ETH makes it harder for newer projects to make their place.

Moreover, Solana’s gas fee is significantly lower than that of Ethereum, thus paving the way for investment for new and speculative investors alike.

Huge Pains or Huge Gains

The Internet hype often drives the public into a herd mentality. People buy trending meme coins in FOMO only to dump them when the hype dies down. Since they aren’t backed by any physical utility, they’re prone to fast declines once the social media buzz diminishes. 

Internet fame is actually like sand through your fingers. The base of MODENG is actually the craze of a baby hippo, but it doesn’t take long for the internet to move on from trends. Hence, the coin can indeed be your next breakthrough, but it can also lead to a major breakdown if you don't play smartly.

Our verdict about this is that MOODENG is a promising investment, but still, it’s volatile. So, invest in it wisely, and don’t put all your eggs in one basket.

What's next for MOODENG?

MOODENG, off to an exciting start, clearly has some room for more growth. The current situation indicates that it’s good to invest in MOODENG and the market sentiment is mostly Bullish. Its trajectory can be shaped by some important factors, the key factor being community support.

If the community sentiment remains as enthusiastic as it is at present, MOODENG can retain its position and even come on par with some of the relatively stable meme coins like Dogecoin. However, its prices can fluctuate greatly just like most other meme coins.

The future of MOODENG also lies in the popularity of meme coins as a broader spectrum. If the trends shift, this particular meme coin will also suffer losses. Another important thing to consider is competition. As meme coins continue to rise, MOODENG’s survival in this stiff competition will decide the fate of your investment.

Market Capitalization

If you’re here after seeing the memes and the hype, you might not be familiar with the term. However, market capitalization is the primary factor that determines how big a cryptocurrency is. It’s basically the summed-up value of all the tokens that exist for the particular coin.

In case you’re familiar with the crypto scene, you must be curious about the market capitalization of MOODENG by now. 

MOODENG on Solana currently has a market capital of about 130 million dollars. MOODENG Ethereum on the other hand has a much smaller market capital of about 7.5 million dollars. Smaller tokens exist on other platforms like Base but it is suggested that you go for the most stable one, that is MOODENG Solana.

Community Support

MOODENG’s backbone is its dedicated community. The fans of the baby hippo and crypto enthusiasts all huddled to create a huge buzz on social media. The meme coin surely knows to sustain its fame by incentivizing its buyers. Several MOODENG-themed art competitions, diy crochets, and fun activities are being promoted on social media. 

A notable amount of tokens are given out as rewards to the enthusiastic community members, which encourages everyone to participate. As investors continue to engage in the lively community, the liquidity and market participation both increase, driving toward long-term growth goals.

Summary

Although Doge and Pepe have been ruling the crypto world for a while, it seems like MOODENG is going to give them a run for their money. The quick popularity of the Baby Hippo-themed coin shows us the strength of social media fame. 

Internet culture has not only made this a great investment, but the funds are also going to a great cause. The MOODENG official website claims that the funds will go to Khao Kheow Zoo, for the welfare of the endangered pygmy hippopotamus.

The stats indicate that the coin is off to a great start and not plummeting anytime soon. However, it’s a volatile investment and you’re to decide whether it's worth the risk or not!

Buying MOODENG on CoinEx

CoinEx is a global cryptocurrency exchange trusted by 6+ million users worldwide and has 100% reserve. Users can now trade quickly and seamlessly with its 1000+ supported tokens, including the meme coins. 

To trade any airdrop token on CoinEx, follow the steps below. 

• Sign up for an account: Create a CoinEx account first. 
• Login to your account: Now fund it using deposit methods or cryptocurrencies. With funds in your account, you can quickly complete deals.
• Go to the Trading Page for the Token: Once your account is funded, proceed to the specialized token's trading page on CoinEx. Use the search box to find your airdrop token. If it’s not listed, try a different exchange,
• Choose a Trading Pair: Select the desired trading pair that matches another cryptocurrency. For instance, you may choose to trade MOODENG/USDT.
• Specify the Purchase Amount: Determine the quantity of the tokens you want to purchase. Input the amount in the trading interface, which will calculate the corresponding cost based on the current market price.
• Execute the Trade: Execute the trade with the specified amount. Confirm the details, and if you are satisfied, submit the order.