The Meme token Moo Deng (MOODENG) is making waves in the crypto market, with its value soaring over the past 24 hours. According to data on September 24, the Solana-based MOODENG token saw a market cap surge to $58 million, up 31.6%, with $11.5 million in trading volume and a $1.5 million liquidity pool.

Meanwhile, on Ethereum, MOODENG saw an even bigger leap, with its market value exceeding $11.5 million—a 74.54% increase in just 24 hours. Trading volume on Ethereum hit $3.6 million, with a liquidity pool of $517,000.

Despite the excitement, BlockBeats warns that Moo Deng has no real use case at present, and price volatility remains high. Investors should approach with caution.

Is this meme token destined for the moon, or is it just another fleeting hype cycle? Time will tell!

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