Lookonchain reported a remarkable surge in interest for the memecoin $MOODENG. A whale recently made headlines by spending 10,156 $SOL (approximately $1.59 million) to acquire 6 million $MOODENG tokens at an average price of $0.2655 within just eight hours.

Crazy buying of #MOODENG!A whale spent 10,156 $SOL($1.59M) to buy 6M $MOODENG at an average price of $0.2655 in the past 8 hours.https://t.co/e6IHotznDt pic.twitter.com/WEwQ7MefZ9

— Lookonchain (@lookonchain) September 28, 2024

$MOODENG is a memecoin on the Solana blockchain, inspired by a baby pygmy hippo residing in a zoo in Thailand. Launched on Pump.fun on September 11, 2024, it has quickly garnered attention, boasting a market cap exceeding $320 million at the time of writing.

The crypto does not have enough price action to make a thorough price analysis, but it has been going up since it launched. Data from CoinMarketCap shows that it has risen by close to 600% in the last 24 hours.

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The post Crazy Buying Of This New Solana Meme Coin appeared first on CaptainAltcoin.