Crypto Trader Earns $400K on Moo Deng Memecoin Investment

A trader turned an $800 investment into $400,000 by riding the 900% surge of the Moo Deng memecoin, inspired by a viral baby pygmy hippo. Using 6 SOL in the MOONDENG/SOL pair, the trader saw a 500x return in just seven days.

The overall crypto market is recovering, with the Fed's interest rate cut helping boost the global market cap to $2.21 trillion. Popular coins like Bitcoin and Ethereum have seen strong gains.

Moo Deng, currently trading at $0.0000004133, has a market cap of $1.6 million, driven by listings on platforms like Raydium. This memecoin's rise highlights the potential for massive profits in crypto.

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