Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Trader Turns $217 Into $612,000 With Viral $MOODENG Baby Hippo Meme Coin – Here’s How They Did It

CryptoNewsCryptoNews2024/09/26 21:05
By:Joel Frank
Last updated:
September 26, 2024 15:06 EDT
 
 

A trader just hit the jackpot with viral new baby hippo meme coin $MOODENG, turning their initial $217 investment into an unrealized networth of over $600,000.

According to a post on X by on-chain sleuth Kakashi, a wallet bought 4.8 million MOODENG tokens for $217 a few days ago.

This was $217 about 2 weeks ago.$Moodeng

🤖 https://t.co/r6A1uk4e5q pic.twitter.com/PHJm4kZ7vW

— Kakashi (@kkashi_yt) September 25, 2024
 

But the price of the baby hippo meme coin $MOODENG has since enjoyed a spectacular surge.

Per DEXScreener , $MOODENG has surged to a market cap of over $135 million, amassing locked liquidity of over $2.3 million.

The new Solana meme coin’s spectacular success comes as $MOODENG enjoys surging engagement on social media and an influx of investors.

 

The baby hippo meme coin’s main X fan page has amassed 40,000 followers, garnered tens of millions of impressions, featured in major news websites, and gained over 5,500 subscribers to its Telegram page, the fan page boasted on X.

Gmoodeng!

This week, we’ve witnessed remarkable growth in both the token and our community here on X. A huge thank you to everyone for the fantastic memes and to @skultdao for the wonderful art. We have officially crossed:

– 40k followers on twitter
– Featured on @nytimes and… pic.twitter.com/VZZrrtR5Qf

— Moo Deng | Fan Page (@MooDengSOL) September 25, 2024
 

Baby hippo meme coin $MOODENG has been listed on various exchanges like MEXC, HTX, Bitmart, and Lbank and has been bought by nearly 10,000 individual wallets, per DEXScreener.

As a result, the trader’s initial $217 investment is now worth $612,000, per Solscan .

If this trader chose to cash out, the $MOODENG price could crash rapidly, as their $612,000 bag would eat a large portion of the $MOODENG liquidity pool.

How High Can Baby Hippo Meme Coin $MOODENG Go

$MOODENG’s rally in recent days has been spectacular.

And the price does risk crashing if big holders choose to cash out.

That said, baby hippo meme coin $MOODENG has all the makings of a new meme coin with big potential.

No one would deny the cuteness of Moo Deng, the baby hippo the meme coin is based on.

That gives the meme coin a wide “normie” appeal. In a world dominated by dogs and, to a lesser extent, cat meme coins, a meme coin represented by a new animal can thrive.

Despite saying this, I believe Moodeng is EXACTLY what meme coins should be like. Something genuinely cute/interesting with crazy normie appeal that will capture enough attention over a sustained period of time to guarantee PVE expansion where everyone eats. Coins like "ball up… https://t.co/K05b8mmRvt

— Übermendes (@0xuberM) September 25, 2024
 

$MOODENG also appears to present a very low rug-pull/pump-and-dump scam risk, given it appears to be a highly community-centric meme coin.

Per DEXScreener, the baby hippo meme coin has no issues with its smart contract, and its biggest holder represents just 1.8% of the supply.

$MOODENG’s cuteness and honesty are a strong foundation for future success.

The return of a new meme season as the Fed and global central banks axe interest rates could easily see $MOODENG become the next $1 billion meme coin.

The trader that bought 4.8 million MOODENG for $217 could soon see their bag swell to a multi-million worth.

 

 

 

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
APR up to 10%. Always on, always earning.
Stake now!