Solana-Based Meme Coin Up Nearly 100%:
The Solana-based meme coin MOODENG has surged nearly 100% in value in the past 24 hours.
The meme coin MOODENG is inspired by the famous pygmy hippopotamus Moo Deng at the Khao Kheow Zoo in Thailand.
The cryptocurrency gained massive popularity thanks to the pygmy hippopotamus phenomenon spreading online.
With the coin’s market cap reaching $250 million and then $300 million at press time, experts are questioning whether this surge is sustainable or just a bubble similar to previous meme coins, which saw rapid rises and then a dramatic decline.
