Moo Deng crypto is on fire. The Solana-based meme coin, inspired by Thailand’s viral pygmy hippo, has jumped over 114% in the past 24 hours, fueled by a fresh listing on Binance Alpha and surging trader interest.
Binance Alpha Listing Triggers Price Spike
On May 11, Binance Alpha added Moo Deng to its pre-listing token pool alongside the AI-themed meme coin GOAT. Both tokens rallied sharply after the announcement, but Moo Deng stole the spotlight. It soared to $0.28, later stabilizing at $0.267, according to crypto.news.
Though it’s still around 60% below its all-time high, Moo Deng’s performance has been stunning. The token has climbed 576% over the past week and nearly 970% in the past month, showing no signs of slowing down.
Trader Interest and Volume Skyrocket
Momentum around Moo Deng continues to build. Daily trading volume surged 416% compared to the previous day, highlighting a renewed appetite among crypto traders.
Even more impressive is the massive spike in futures open interest. According to CoinGlass, open interest soared from $13.4 million to $276 million in just a few days. That’s a 120% jump in 24 hours and a 440% increase overall—a clear sign of increasing speculation and bullish sentiment.
What’s Driving Moo Deng’s Popularity?
The surge in Moo Deng crypto’s value can be largely attributed to its Binance Alpha listing, which opened it up to a broader audience. However, the coin also has a strong cultural and emotional appeal.
Launched in September 2024, Moo Deng is based on a real-life pygmy hippopotamus calf from Thailand’s Khao Kheow Open Zoo. The adorable animal gained massive popularity on TikTok, captivating fans with its cute expressions and social media presence.
The meme status was cemented during Songkran, Thailand’s traditional New Year festival in April, when airport staff gave away plush dolls of Moo Deng to travelers, adding a feel-good factor that fueled further interest in the coin.
What’s Next for Moo Deng?
While Moo Deng crypto still trades below its former highs, the combination of massive volume, strong open interest, and cultural virality suggests this rally may not be over. However, as always with meme coins, volatility remains high, and caution is advised.
For now, Moo Deng continues to ride the wave of community hype, major listings, and meme momentum—a powerful combo in today’s crypto world.
