Author: Frank, PANews

As the market picks up, the MEME currency has reached a small climax in the past month, and the highlight project of this boom still appears in Solana. MOODENG, based on the Thai internet celebrity hippopotamus MooDeng, successfully topped the list and became the brightest project in September. Eye project. (Related reading: Internet celebrity hippopotamus meme coin MOODENG soared ten thousand times, driving the market to reproduce the zoo market)

As of September 30, MOODENG's market value reached US$220 million, ranking among the top ten MEME coins on the Solana chain, and also setting the highest market value for the Pump.Fun launch project. There are also many players on social media claiming to have gained huge benefits 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 key factor

In fact, the MOODENG token with the highest market value is not the first MEME coin based on MooDeng. There were multiple related tokens on sale as early as 20 days ago, but only two had a market value of more than 100,000 US dollars. MOODENG is 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 time when MOODENG was created was just before MooDeng spread around the world. The MOODENG token was created on the evening of September 10th, and starting on September 12th, MooDeng’s search index began to rise rapidly.

Therefore, good timing has become a prerequisite for MOODENG's success. However, earlier or later related tokens failed to develop.

In addition to timing, the success of every MEME coin is inseparable from the support of capital. In the early days of MOODENG, there was not much enthusiasm and funding. This stage has also become a critical period for many main players to enter the market. The first wave of boost for MOODENG came from within the pump.fun curve. According to PANews observations, the initial development of MOODENG was inseparable from several elements. First, trading robots were added to assist in boosting trading volume, contributing a total of 19.67 SOL of trading volume. At the same time, this robot platform also provides a service of brushing comments. By increasing transaction volume and comments, many sniper robots think that MOODENG is a potential golden dog. Second, three mysterious addresses bought 3~5 SOL, filling the curve of pump.fun, and successfully listed Raydium. However, these addresses sold all the tokens they held after going online, and did not win the subsequent surge in market value. The creators of the fruits, including the MOODENG token, also handed over their chips at a very early stage.

The largest position earned nearly 10 million U.S. dollars and the profit exceeded 6,000 times, but it has not yet been sold.

After MOODENG launched Raydium, the real main force began to enter the market. The biggest contributors to trading volume are some high-frequency trading addresses. The trading habit of these addresses is to buy, hold and then sell after a few minutes. However, this trading strategy seems to often lead to losses and is not worth learning. But in any case, these relatively large addresses played a key role in MOODENG’s listing of Raydium in the early days.

But it seems that some addresses predicted that MOODENG would be successful, started buying on September 10, and had not sold as of September 30.

Take the address 969uz8JLbKfeXdJ91bca6ZLjDtutvFr1FGG8H7KmHqY3 as an example. This address began to purchase a total of 20 million MOODENG on the 23rd, and the price has so far increased by more than 5 times. So far it has not been sold. This address is currently the address with the most coins held by a single address.

Another large account, shogunfucks.sol, is the address of the founder of the DeFi protocol. Dovey, an investor in the project, said that the founder earned 8 figures in income through MOODENG. This address started buying on the 23rd and accumulated approximately 18.67 million MOODENG as of September 30, worth approximately US$4.53 million. However, the main MOODENG accumulation at this address, about 1,800 of which were purchased by the 66bESGfM8YGugav9acG32pKtWvhCX6wzM6DRZomxVUar address on September 23, was funded by Coinbase.

However, the actual largest player of MOODENG is trying its best 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 the actual largest holder of MOODENG. Perhaps to avoid on-chain hunters, 5FGcB2HydTE9pGbHoSjo7ABn4NgeQV8aS9AerD1TZREU then dispersed the tokens to 9HLb8fGKGMkBQdU41tjKnpa5ZRFscS4ZMoqFxzC404314074074x76466FxzC40831400084xPx The SJyHqr6ME7U address has 5 million coins, and the ADqyWpPKVYCQbCnPY74xusM6JXZ64Rbx5iPL2AGjwMyu address has 12 million coins. Therefore, 5FGcB2HydTE9pGbHoSjo7ABn4NgeQV8aS9AerD1TZREU is the largest shareholder of MOODENG, with a combined holding of 38 million shares worth more than $9.41 million. The initial investment was only $1,532. A return of over 6142x.

The funds for 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. This address has been used for hacker attacks many times before. However, what is doubtful is how does this address know that MOODENG will successfully exit the circle? How to buy at the best time and not sell 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 the lowest level at the time of purchase. It can be seen that This purchase caused MOODENG to form a pull-up, with the price increasing 5 times in 15 minutes.

In addition, another top-ranked address, BtTGmbw6iHHAkQpM2gn4igtDh7sqzAcmUMTRokFFbfdk, received funds from 667ku1pQRqWVTApTfiHepAAGS52YCgyJqbr24YTW6xyX. This address bought MOODENG at 22:14:52 on September 10, with an initial cost of 1SOL ($156), and bought 1870 Thousands of MOODENG (currently Valued at US$4.38 million), the earnings exceeded 28,000 times (only a small part was sold). This address is also very smart. It entered the market at the lowest point and remained firm even when it experienced profits of more than a thousand times.

There are many addresses like this. Almost all the addresses with the highest currency holdings entered the market before September 13th, and they seemed to have reached a consensus and did not take action for the time being. These large investors have gained huge profits as a result, and because no large investors have smashed the market during the rise, MOODENG can draw a beautiful K-line.

Mysterious Mexican developer predicts MOODENG success

Beyond 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 insider information that a coin will rise to 1M today, and I will be the first to announce it. Who needs CA? I will give it in advance 5 people sent private messages." After several tweets, on September 11, he forwarded a tweet from @MooDengSOL (MOODENG’s token social account). MOODENG was not popular at the time. Then nebur began to continue to promote MOODENG on Twitter.

Starting from September 11, many MEME currency-related KOLs such as @CryptoSanJin666, @caseyfordalexan, @Otiscryptos, @jeet_papi, @chrizzzy_1999, @zhangrusheng12 and other MEME currency-related KOLs mentioned MOODENG on social media. However, from observation, these blogs The Lord should be the early discoverer of MOODENG. As the market value of MOODENG rises step by step, more and more players are entering the market in the MEME circle, and more and more KOLs continue to place orders.

Taken together, MOODENG’s success is inseparable from the Internet celebrity effect of this little hippopotamus in Thailand, and the MEME culture it brings has swept the world. Secondly, during the development process of MOODENG, those early large investors seemed to have predicted MOODENG's high market value performance and reached a consensus in advance. One of the important reasons was that they did not sell off a large amount in the early stage. However, these similar purchase timings and unified operating styles make people not only suspect that there are certain groups behind MOODENG that are deliberately controlling the market. No matter how high the market value rises, these unsold mysterious addresses are always like time bombs. It will have a certain impact on the disk surface, especially when the heat of MooDeng begins to decrease.

(The above content is excerpted and reprinted with the authorization of our partner PANews, original text link )

Statement: The article only represents the author's personal views and opinions, and does not represent the objective views and positions of the blockchain. All contents and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and transactions, and the author and Blockchain Client will not be held responsible for any direct or indirect losses caused by investors' transactions.

"Who is the trader of MOODENG? There is an address whose income exceeds 28,000 times but it is not sold." This article was first published on (Block Guest).