Author: Frank, PANews
As the market picks up, MEME coin has reached a small climax in the past month. The highlight of this boom is still on Solana. MOODENG, based on the Thai Internet celebrity hippo MooDeng, successfully topped the list and became the most eye-catching project in September. (Related reading: Internet celebrity hippo's MEME coin MOODENG soared by tens of thousands of times, driving the market to reproduce the zoo market)
As of September 30, MOODENG's market value reached $220 million, making it one of the top ten MEME coins on the Solana chain, and also setting a record for the highest market value of the Pump.Fun launch project. Many players on social media also claimed to have made huge profits through MOODENG. In addition to MooDeng's own Internet celebrity effect, MOODENG's success seems to be another case that is not accidental.
Early development timing becomes a key factor
In fact, the MOODENG token with the highest market value is not the first MEME coin with MooDeng as the theme. As early as 20 days ago, there were multiple related tokens on sale, but only two of them had a market value of more than 100,000 US dollars, and MOODENG was the most successful one. Looking back at the hot spots during this period, in the early days of MOODENG, the Google search index was not high, and the timing of the creation of MOODENG happened to be the eve of MooDeng's global spread. The MOODENG token was created on the evening of September 10, and starting from September 12, the search index of MooDeng began to rise rapidly.
Therefore, good timing has become a prerequisite for MOODENG's success. Earlier or later related theme tokens have not been able to develop.
In addition to timing, the success of each MEME coin is inseparable from the boost of capital. In the early days of MOODENG, there was not much enthusiasm and capital entering. This stage also became a critical period for multiple main players to enter the market. MOODENG's first wave of boost came from the pump.fun curve. According to PANews' observations, the initial development of MOODENG was inseparable from several factors. First, trading robots joined to assist in brushing trading volume, contributing a total of 19.67 SOL trading volume. At the same time, this robot platform also provides a service for brushing comments. By increasing trading volume and comments, many sniper robots believe that MOODENG is a potential golden dog. Second, three mysterious addresses bought 3~5SOL, brushed the pump.fun curve, and successfully launched Raydium. However, these addresses sold all the tokens they held after going online, and did not reap the fruits of victory in the subsequent surge in market value, including the creators of MOODENG tokens who also handed over their chips in a very early stage.
The largest holding made nearly 10 million US dollars, with a return of more than 6,000 times, but it has not been sold yet
After MOODENG was launched on Raydium, the real main players began to enter the market. The addresses with the highest trading volume contributed the most to the trading volume. The trading habit of these addresses was to buy and hold for a few minutes before selling. However, this trading strategy seems to often lose money and is not worth learning. But in any case, these relatively large addresses played a key role in MOODENG's launch on Raydium in the early stage.
But it seems that some addresses predicted that MOODENG would be successful, and started buying on September 10, and did not sell until September 30.
Take the address 969uz8JLbKfeXdJ91bca6ZLjDtutvFr1FGG8H7KmHqY3 as an example. This address has purchased a total of 20 million MOODENG since the 23rd. The price has increased by more than 5 times so far. It has not been sold yet. This address is currently the address with the most coins.
Another big account, shogunfucks.sol, is the address of the founder of the DeFi protocol. Dovey, an investor in the project, said that the founder earned eight-digit income through MOODENG. The address started buying on the 23rd and accumulated about 18.67 million MOODENGs as of September 30, worth about 4.53 million US dollars. However, the main MOODENG accumulation of this address, of which about 1,800 were purchased by the address 66bESGfM8YGugav9acG32pKtWvhCX6wzM6DRZomxVUar on September 23, the funds of which came from Coinbase.
However, the actual largest player of MOODENG is trying hard to hide it. The address 5FGcB2HydTE9pGbHoSjo7ABn4NgeQV8aS9AerD1TZREU spent 9.8 SOL to purchase 38.74 million MOOGENG since its creation on September 10. This holding is actually the largest holder of MOODENG. Perhaps in order to avoid being tracked by on-chain hunters, 5FGcB2HydTE9pGbHoSjo7ABn4NgeQV8aS9AerD1TZREU then dispersed these tokens to the address 9HLb8fGKGMkBQdU41tjKnpa5ZRFscS4ZMoqFxzC4i4KE (14 million), the address 3jdq8UwHdTmnDunf3e4sBRFTDntqsW7tcSJyHqr6ME7U (5 million), and the address ADqyWpPKVYCQbCnPY74xusM6JXZ64Rbx5iPL2AGjwMyu (12 million). Therefore, 5FGcB2HydTE9pGbHoSjo7ABn4NgeQV8aS9AerD1TZREU is the largest holder of MOODENG, with a total holding of 38 million tokens, worth more than $9.41 million. The initial investment was only $1,532, with a return rate of more than 6,142 times.
The funds of this address come from G2YxRa6wt1qePMwfJzdXZG62ej4qaTC7YURzuh2Lwd3t. This address has been involved in many Rug incidents on social media. There are also opinions that the source of this address is ChangeNOW's hot wallet, which has been used for hacker attacks many times before. However, it is doubtful that if this address knows that MOODENG will be successful, how to buy at the best time to buy, and how to stick to one during the rise. The MOODENG token was created at 17:25:27 (UTC) on September 10, 2024. The purchase time of this address was 22:18:58 that night. The price of MOODENG was at its lowest when it was purchased. It can be seen that this purchase caused MOODENG to form a pull-up, and the price rose 5 times in 15 minutes.
In addition, another address with the highest coin holdings, BtTGmbw6iHHAkQpM2gn4igtDh7sqzAcmUMTRokFFbfdk, has funds from 667ku1pQRqWVTApTfiHepAAGS52YCgyJqbr24YTW6xyX. This address bought MOODENG at 22:14:52 on September 10, initially spending 1SOL (US$156) and buying 18.7 million MOODENG (currently worth US$4.38 million), earning more than 28,000 times (only a small part was sold). This address is also very smart, entering the market at the lowest point and resolutely not moving even after experiencing a return of more than a thousand times.
There are many similar addresses. The top addresses almost all entered the market before September 13, and they seem to have reached a consensus and have not yet sold. These big investors have gained huge profits. At the same time, because there are no big investors dumping the market during the rise, MOODENG can draw a beautiful K-line.
Mysterious Mexican developer predicts MOODENG's success
In addition to the funding, PANews tried to find the people behind MOODENG on social media. A blogger who claims to be a Mexican developer is suspected to be an early developer of MOODENG. The blogger is named nebur. As early as September 10, he claimed on Twitter: "I received inside information that a coin will rise to 1M today, and I will be the first to release it. Who needs CA? I will send private messages to 5 people in advance." After several tweets, on September 11, he retweeted a tweet from @MooDengSOL (MOODENG's token social account), when MOODENG was not popular. Then nebur began to continue to promote MOODENG on Twitter.
Since September 11, @CryptoSanJin666, @caseyfordalexan, @Otiscryptos, @jeet_papi, @chrizzy_1999, @zhangrusheng12 and other MEME-related KOLs have mentioned MOODENG on social media. However, from observation, these bloggers should be early discoverers of MOODENG. As the market value of MOODENG rises step by step, more and more players in the MEME circle have entered the market, and more and more KOLs continue to call for orders.
In general, the success of MOODENG is inseparable from the Internet celebrity effect of this little hippo in Thailand. The MEME culture it brought has swept the world. Secondly, during the development of MOODENG, those early big investors seemed to have predicted the high market value of MOODENG and reached a consensus in advance. One of the important reasons was that they did not sell off a large number of shares in the early stage. However, these similar purchase timings and unified operation styles make people suspect that there are some groups behind MOODENG that are deliberately controlling the market. No matter how much the market value rises, these unsold mysterious addresses are always like time bombs, which may have a certain impact on the market, especially before the popularity of MooDeng begins to decrease.
