Bitcoin isn't the only asset on the rise today. The meme coin market is also having its moment, continuing the growth that began on Thursday.
Established coins and tokens such as Dogecoin, Floki and Pepe are rising in value, but new investments in Dengen are showing an even bigger jump.
the Solana-inspired Moo Deng (MOODENG) token has risen more than 90% in 24 hours, nearly doubling in value in the last day and trading at nearly $0.27, CoinGecko shows. Moonden, inspired by a baby civet hippo that is currently popular in Thailand, continues to rise, reaching a new record price.
The image was created by Decrypt using artificial intelligence.
On September 10, an anonymous trader whose #Solana wallet address begins with "Db3P" purchased 6 SOL of a new #meme coin called Moo Deng. According to Arkham Intelligence, this $800 investment made by the trader four hours after the token's launch. the dollar investment turned into about $3.5 million worth of dwarf behemoth tokens early Thursday. Trader turned $800 into $3.5 million A trader who bought MOO DENG for $800 four hours after the launch has doubled its value again. His fortune now stands at $3.5 million, which means a Thai baby has been born.
An even more shocking fact is that if you had invested a week ago, you would now have a return of over 1,300%. MOODENG was launched this month at the Pump. fun meme factory and now has a market value of 265 million US dollars.
Meanwhile, Billion-DOLLAR-CAT, a rune token that runs on the #Bitcoin network, rose nearly 240% last week and another 32% today.
the growth of this rune comes amid continued growth in the price of bitcoin itself. Following the U. S. Federal Reserve's decision to cut interest rates last week, investors have poured money back into bitcoin exchange-traded funds (ETFs).
The largest digital asset is currently trading at more than $66,200 per coin, up more than 5 percent in seven days.
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