One of the most prominent developments in the cryptocurrency market was the significant gains that Solana-based memecoin MOO DENG provided to investors. In recent times, the MOO DENG coin has attracted significant attention from investors and has experienced significant increases.
According to Lookonchain’s data, an investor spent 6 SOL (approximately $815) to purchase 30.1 million MOO DENG. This investment reached $9.4 million in just 17 days, giving the investor an 11,534% gain. This situation showcased the potential of MOO DENG.
MOO DENG’s value is up over 15% to $0.3185 at press time, while trading volume is up 27% to $162.24 million. Over the past week, the Solana-based memecoin has seen an increase of nearly 590%, with a total jump of 820% since September 21.
The general rise in the memecoin sector has increased investors’ interest in this area. Other notable memecoins in this process include Pepe Coin, Shiba Inu, Dogwifhat, and BONK. In addition, BitMEX co-founder Arthur Hayes’ interest in memecoins has reinforced confidence in the sector.
MOO DENG’s value increased by 15%
Investor made 11,500% profit
Trading volume increased by 27%
Memecoins provide high returns with high risk
Memecoins offer attractive opportunities for investors who can withstand fluctuations due to their high volatility. However, it is extremely important to consider the risks of such assets. It is critical for investors to carefully conduct market trends and fundamental analysis of projects for successful investments.
