On September 10, an anonymous trader with a Solana wallet address starting with “Db3P” made waves by purchasing 6 SOL worth of the meme coin Moo Deng, a new token inspired by a viral Thai baby pygmy hippo. That $800 investment has skyrocketed, now valued at around $3.5 million, according to data from Arkham Intelligence.
TRADER TURNS $800 INTO $3.5M
The trader, who entered Moo Deng just four hours after its launch, has yet to sell any of their holdings. As the pygmy hippo-inspired token continues to gain viral traction, their balance has continued to rise. Despite this, the trader’s decision not to sell has raised questions: Will they ever cash out, or will they hold on as the meme coin mania rolls on?
Moo Deng’s meteoric rise has been the subject of speculation on Twitter, with accusations flying that the trader might be an "insider" who had early access to the coin or even a member of the team behind its creation. The token, however, lacks any inherent utility—leaving many to wonder when (or if) the inevitable collapse will occur, especially if Db3P decides to liquidate their holdings.
Moo Deng Blasts Past $70M Market Cap in Two Weeks
Moo Deng has quickly become the darling of meme coin traders. Inspired by a viral baby pygmy hippo from Thailand’s Khao Kheow Open Zoo, the token has exploded in value, reaching a market cap of $141 million at the time of writing, with its price soaring 56% in the past 24 hours alone. Currently trading above $0.14, Moo Deng has hit a series of all-time highs, doubling in value in just two days.
As altcoin season rages on, traders are watching closely to see if Moo Deng’s rocket-like rise will continue—or if the inevitable crash will come when major holders like Db3P decide to cash out. Stay tuned as this meme coin saga unfolds.
