What Is MOODENG? Baby Hippo Becomes A Solana Meme Coin

The viral baby hippo sensation Moo Deng is also conquering the crypto world with its meme coin MOODENG. 

The baby hippo meme coin is the latest topic of discussion in the crypto community, following its popularity on social media platforms. Stories of the massive returns MOODENG generated for its early investors have also fueled interest in this token.

On September 28, 2024, the market cap of this meme coin surpassed $320 million, following huge demand from crypto traders. During that period, trading activities around MOODENG also reached as high as $200 million across various listed crypto exchanges.

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Moo Deng was not going to be limited to a mere one-day sensation, as its popularity started to spread across various industries and global platforms. For example, European football/soccer giants Bayern Munich started sharing videos, posts, and pictures associated with Moo Deng on their official social media platforms.

What Is MOODENG?

The MOODENG token was created following the trending memes and videos that went viral about the baby hippo, Moo Deng. Within one month of its launch, Moo Deng (MOODENG) was ranked among the top 30 meme coins, surpassing projects like Ponke, which has a strong community, including over 125K followers on X.

MOODENG is the largest meme coin based on market cap to be created on Pump.fun, a Solana-based no-code platform that facilitates meme coin creation. Trading activities following the MOODENG trend helped Pump.fun hit $1 million in daily revenue, surpassing the revenues of popular names such as PancakeSwap, Uniswap, and AAVE.

Who Is Moodeng The Baby Hippo?

Moo Deng is a female hippo born on July 10, 2024, in Thailand's Khao Kheow Open Zoo. Belonging to the Pygmy hippopotamus species, Moo Deng was chosen as its name, which means “bouncy pig,” following a public poll where over 20,000 people cast their votes.

The images and videos of Moo Deng posted on social media platforms by the zookeeper Atthapon Nundee helped this baby hippo become an internet sensation in no time, leading to the creation of numerous funny memes and videos.

Based on Google Trends data, netizens went wild for Moo Deng, with search interest starting to gain momentum in mid-September and peaking on September 29, 2024, with an interest-over-time score of 100. Users from Singapore, the United States, Canada, Australia, and Thailand topped the list of searches.

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Is Moodeng Memecoin Built on Solana?

MOODENG meme coin is built on the Solana blockchain, which has become one of developers' favorite chains to create and launch meme tokens at scale. The developer-friendly nature, scalability, high transaction speed, and low transaction fees are some of the major reasons for choosing Solana over other chains for meme coin development.

The use of Pump.fun reduces the developer's workload while creating Solana-based meme coins by paying a fee as low as 0.02 SOL. These developers, along with their team, are also committed to donating 100% of Moonshot app-based trading fees to support the zoo where Moo Deng belongs.

Is Baby Hippo Memecoin Built for the Community?

When it comes to crypto tokens, especially meme coins, community plays a pivotal role in a project's growth, development, and sustenance. For example, Shiba Inu and Dogecoin meme projects combined were valued at over $25 billion in October 2024, highlighting the power and influence of strong communities.

MOODENG's unofficial fan page on X started posting images, GIFs, videos, memes, and other content on September 11, 2024. Within a month, the page gained over 62,000 followers, highlighting the rapid community-driven growth surrounding this meme coin project. 

This strong and engaged following also indicates that MOODENG is indeed built for the community, as it thrives on fan contributions, viral content, and collective support and participation.

How Popular Is Moo Deng and Its Impact on MOODENG?

The popularity of viral pygmy hippo doesn't stop with the netizens; major brands like Microsoft and Universal Pictures and celebrities like T-Pain also celebrate it.

For example, Microsoft Edge's official X handle posted an AI-generated browser theme of Moo Deng, highlighting the baby hippo's viral appeal.

The attention and endorsements that Moo Deng gets across industries worldwide helps build a strong brand image for the MOODENG token. Eventually, with the support of a strong community and investor base, this meme coin project can build real-world use cases like Shiba Inu has implemented, creating more utility and value in the future.

MOODENG Tokenomics And Stats

MOODENG's price was as low as around $0.00001 when it was listed on Raydium on September 10, 2024. However, following its growing demand, this baby hippo meme coin reached its all-time high of $0.3426 on September 28, 2024, an over 3,400,000%  increase in its value within 18 days.

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According to Solscan, over 54,000 unique wallet addresses hold MOODENG tokens. Crypto exchange Gate.io holds around 4% of the current token supply, accounting for more than 40 million MOODENG worth close to $6 million.

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The total token supply of MOODENG is approximately 990 million tokens, and this capped supply helps to maintain scarcity and value over time, creating a possibility for more stable investment for holders.

How To Identify The Right Solana MOODENG?

Apart from the most popular MOODENG, there are several other similarly named baby hippo projects that appear to be exact replicas. For example, if users search “Moo Deng” on CoinMarketCap, they’ll see multiple search results that look almost identical.

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One of them, also named MOODENG and built on Ethereum, gained recent popularity after Ethereum co-founder Vitalik Buterin sold 10 billion of its tokens for around 308.7 ETH to Kanro, a charitable entity. This Ethereum-based meme coin has a total supply of 420.69 billion tokens, while the Solana-based meme coin has a much smaller total supply, close to 1 billion tokens.

An easy way to find the first Solana-based hippo meme coin is by using this Linktree, which directs users to Moonshot, CoinGecko, Dexscreener, or CoinMarketCap.

Please be aware that Transak is not responsible or liable for any changes made to the referenced external links. Kindly do your due diligence before interacting with any DEX or smart contract.

Real MOODENG details are as follows:

Blockchain	Solana
Smart contract address	ED5nyyWEzpPPiWimP8vYm7sD7TD3LAt3Q3gRTWHzPJBY
Circulating supply	989,971,791
Total supply	989,971,791
Maximum supply	989,971,791

Where To Buy MOODENG?

Users planning to buy MOODENG can choose any of these popular options:

• Orca: This DEX built on Solana provides the highest liquidity for buying or selling MOODENG tokens. Their MOODENG/USDC trading pair constitutes over 16% of the overall token trade, accounting for an average daily trading volume of $17 million. Other high liquidity trading pairs in Orca include MOODENG/SOL and MOODENG/POPCAT. 

• Moonshot: Khao Kheow Open Zoo receives all the trading fees involved with MOODENG buying and selling using the Moonshot app. Users can download the app from Google Play or the App Store.

• Raydium: This automated market maker (AMM) on Solana constitutes more than 10% of MOODENG token's trading volume with its highly liquid trading pair MOODENG/SOL.

Buy MOODENG With The Help Of Transak

To buy MOODENG from a liquidity pool like MOODENG/USDC or MOODENG/SOL, you need the latter cryptocurrency, i.e., USDC or SOL. You can buy USDC and Solana directly into your wallet via Transak.

Here’s what the process looks like.

1. Acquire USDC Or SOL

• Go to global.transak.com
• Choose either USDC or SOL as the cryptocurrency you want to buy
• Transak offers various payment methods, such as credit/debit cards or bank transfers — select your preference
• Specify how much USDC or SOL you want to purchase.
• Enter the correct wallet address where you want to receive your USDC or SOL
• Follow the remaining steps to finalize your purchase. The USDC or SOL will be sent to your wallet.

Note: Complete KYC verification to comply with regulations if not done already and/or as prompted.

Buy SOL on Transak

Buy USDC on Transak

2. Use A Decentralized Exchange (DEX)

• Popular DEXs that where you can get MOODENG include Raydium and Orca
• Connect the wallet where you have your USDC or SOL to the DEX
• Locate the MOODENG/USDC or MOODENG/SOL trading pair on the DEX
• Specify how much MOODENG you want to buy or how much USDC/SOL you want to spend
• Double-check all details and confirm the swap

Get Into Meme Coins With Transak

Transak is a leading on-ramp that enables users to buy meme coins and other cryptocurrencies using local payment methods from over 169 countries.

For example, you can buy DOGE, PEPE, and BONK using credit cards, debit cards, Apple Pay, Google Pay, and other popular payment methods.

Conclusion

Meme coin is an exciting category in the crypto space that is always filled with thrill, greed, volatile market, and all other adrenaline rush-based activities. Moo Deng (MOODENG) is the latest kind of meme coin that reminds us of the viral internet hype surrounding the crypto community in 2021 during the times of the existing leaders Dogecoin and Shiba Inu.

Although there are many trending stories of MOODENG millionaires, it's better not to fall into the trap of FOMO following social media hype and analysis. The future of projects, especially those based on meme coins, can't be accurately predicted, and it's crucial to trade or invest in such tokens, including MOODENG, with a small amount that doesn't impact the overall crypto portfolio in case of adverse market movements.