#MOODENGUSDT READY TO SKYROCKET 🚀🚀🚀🚀🚀
The MooDeng (Moodeng) token, a new meme coin inspired by the pygmy hippopotamus from Thailand, has experienced a drastic price drop after receiving great attention from the crypto community after its launch.
However, a number of large holders of this token are known to still choose to maintain their ownership, in the hope that the token price will recover in the future.
Moodeng's market capitalization peaked at US$322.7 million, with the token price hitting a record high of US$0.3387. An early trader, with the wallet address "Trader Db3P" is known to have bought US$800 worth of Moodeng tokens on September 10 when it was first launched. When the price of Moodeng peaked, the value of his ownership increased to US$10 million.
However, when the price of Moodeng began to decline, the trader maintained his ownership of the token. Currently, Moodeng’s price has dropped to around $0.19 with a drop of over 23% in the last 24 hours, bringing its value down to around $5 million.
Community enthusiasm, combined with social media trends, played a major role in driving this surge, despite its speculative nature.
This makes it one of Solana’s most prominent meme coins, comparable to other major tokens such as $SHIB and $DOGE
