Mu Deng, an adorable baby civet hippo from Thailand's Khao Kaeo Zoo, has become an Internet sensation, spawning solan-based meme coins whose market value has soared to US$121 million.
Mu Deng became famous thanks to a series of viral videos showing his adorable chubby cheeks, playful behavior and perpetually wet appearance. The internet quickly became
Restless Piggy.
(the English translation of his Thai name), and his popularity exploded.
In capitalizing on this viral phenomenon, the #meme coin Moo Deng (MOODENG) was launched on Pump. fun on September 10. In the past 24 hours, the token attracted more than 14,900 unique wallet owners and generated a transaction volume of $63 million. This surge in popularity has elevated MOODENG to the top of Solana's meme coin list; Hippo now ranks eighth in terms of market capitalization on #Solana .
One trader took advantage of the hype and popularity of the Hippo meme coin by making an initial investment of $1,331 to $3.4 million.
Interestingly, the Pump. fun platform, on which MOODENG was launched, has also seen a surge in activity. The meme creation platform has become interesting again, and its revenue exceeded US$600,000 for the first time in the past 30 days. The recent wave of new meme coins may have contributed to this.
Noting the widespread popularity of memes, Thailand's Khao Kaeo Zoo has launched a 24-hour broadcast from its hippo enclosure to fans around the world. The initiative aims to cater to the huge crowds eager to see the internet star.
The Muden phenomenon has gone beyond individual users and caught the attention of major corporations such as DreamWorks and UFC, who have used the hippo's popularity to create memes.
This amazing success story highlights the power of internet trends and meme culture in #cryptocurrencies . The Khao Kaeo Open Zoo is reportedly considering copyright and trademark protection for Muden the Hippo.
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