The Solana-based token inspired by the baby pygmy hippo, Moo Deng (MOODENG), made a big comeback Friday, spiking 85% after Binance Futures announced it would list the MOODENGUSDT Perpetual Contract.
This listing offers traders leverage up to 75x, sparking fresh interest and optimism among investors.
Moo Deng Outperforms Dogecoin with Impressive Gains
Currently trading at $0.16, Moo Deng has outpaced popular meme coin Dogecoin, which has seen just a 0.17% increase in the past day. The hippo-inspired memecoin has also seen a substantial jump in trading volume. At the time of writing, trading volume has surged 181% over the past 24 hours, reaching $195 million.