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MOODENG, the hippo-themed meme coin on Solana, has surged 40% in the past 24 hours after South Korea’s largest crypto exchange, Upbit, announced its listing earlier today.
The token soared 31% within just 20 minutes of the news, fueled by a sharp rise in trading volume and investor interest. MOODENG is now among the top gainers on CoinGecko.
MOODENG trading will go live on July 3 at 17:00 KST, with support for KRW, BTC, and USDT pairs. Users are advised to double-check the network before making deposits, as only the specified network is supported. Upbit also noted that if there is not enough liquidity at the launch, then the trading start time could be delayed.
The coin is inspired by Moo Deng, a real-life baby pygmy hippo born at Thailand’s Khao Kheow Open Zoo. Over time, MooDeng has become an affectionate symbol in Thai Pop culture, blending food humor with animal charm, which is perfect for a memecoin.
MOODENG, the hippo-themed meme coin, is surging today for several key reasons:
1. Upbit Listing: South Korea’s largest crypto exchange, Upbit, announced it will list MOODENG. With over 16 million users, this listing massively boosts the coin’s visibility and liquidity in a major crypto market.
2. Market Sentiment Shift: The token had previously rallied after listings on Binance Alpha and Robinhood in May but lost momentum. Today’s Upbit listing has reignited bullish sentiment.
3. Strong Technicals: MOODENG is trading well above its 20-day and 50-day moving averages and has formed a round bottom pattern—a classic bullish signal suggesting an upcoming breakout.
4. Volume and Market Cap Surge: Its market cap has jumped from $165 million to over $200 million, and 24-hour trading volume has crossed $520 million. Traders are now eyeing a retest of its all-time high at $0.705.
MooDeng’s Birthday Hype Fuels Market Buzz
The recent rally also comes ahead of Moo Deng the hippo’s first birthday on July 10, a real-world event that has gone viral and is enthusiastically embraced by the token’s loyal community.
This milestone marks a year since Moo Deng rose to fame. Similar celebrations, like the 10-month anniversary in May, triggered short-lived but noticeable spikes in both social media buzz and trading activity. With July 10 approaching, traders are bracing for another wave of momentum.
While some whales have started selling to capitalize on the hype, retail demand remains strong. Notably, exchange balances dropped 12% in the past 24 hours, suggesting that holders are moving their tokens off exchanges in anticipation of further gains.