👉Moo Deng (MOODENG), a newborn hippo at Khao Kheow Zoo in Bangkok, has captured the attention of the online community with his adorable actions. Now, he is the star of a memecoin worth over $100 million, according to data from CoinMarketCap.

👉Memecoin, based on the Solana blockchain, reached this market cap milestone today, becoming one of the few tokens to achieve this from zero in recent months, according to data from CoinMarketCap.

👉This is also the first Thai meme to reach this market capitalization, despite not being a project from Thailand, according to Udomsak Rakwongwan, a professor at Kasetsart University and co-founder of decentralized exchange FWX.Finance.

“There have been other memes in Thailand before, but they didn’t take off because they started in Thailand,” he said. “There was a token about the former military prime minister, and it went pretty viral, but the price and market cap didn’t go very far.”

“Moodeng is a bit different,” because this hippo has appeared in major global media and attracted a global audience instead of focusing on a politician that only Thais know.