Moo Deng Hippo Meme Coin Plummets 19% – Here’s the Meme Coin You Should Be Watching Instead
Explosive newcomer meme coin Moo Deng ($MOODENG) is taking heavy losses after surging over the last three weeks to become the 27th biggest meme coin by market capitalization.
The $161.4 million Moo Deng is currently changing hands at $0.1635 having fallen 19% overnight and about 13.5% over the last seven days. That means those who bought last weekend may now be regretting it, while those who bought two Fridays ago are up an eye-popping 795%, according to data by CoinGecko.
Furthermore, Moo Deng’s overnight crash is not typical meme coin performance today. The $49 billion sector rallied about 2.1% in the last 24 hours, while the $2.23 trillion global crypto market didn’t move an inch.
Dogecoin ($DOGE), the original and largest meme coin, rallied 2.2% overnight but dropped 13.7% over the week. $DOGE’s current price of $0.1073 is virtually the same price it traded at a fortnight ago.
Meanwhile, Bitcoin ($BTC), the original and largest cryptocurrency, grew 0.4% in the last 24 hours but declined 6.8% over the week to land on $61,286 at the start of the weekend.
Moo Deng launched three weeks ago and quickly rose to become one of the leading meme coins. The token’s avatar references the eponymous adorable baby hippo internet sensation in Thailand’s Khao Kheow Open Zoo in Chonburi.
Her name means “bouncy pork” in the local lingo and the pygmy hippo went viral after various online videos surfaced showing her cute hyperactive demeanour and always moist appearance.
Moo deng is never dry or calm
Read more on cryptonews.com
