Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
MooDeng, a social media sensation: Global traffic pouring in, market value potential approaching 4.7 billion

MooDeng, a social media sensation: Global traffic pouring in, market value potential approaching 4.7 billion

远山洞见2024/09/30 02:39
By:远山洞见

1. Project Introduction

Moo Deng (Bouncing Pig) is a two-month-old pygmy hippopotamus from Khao Kheow Zoo in Chonburi, Thailand. With its cute appearance, chubby body and unique exaggerated expression, it quickly became a global sensation. As a little hippopotamus born under the Cancer sign, Moo Deng often shows a series of cute "rebellious" behaviors in daily interactions with keepers, such as trying to "eat" keepers or jumping around in front of water jets, which makes people laugh. These natural humorous moments quickly made it a celebrity on social media. Not only did it appear on international magazines such as Time Magazine, but even well-known brands such as Twitter and Walmart have released meme pictures with Moo Deng as the theme, making it popular around the world.

MooDeng, a social media sensation: Global traffic pouring in, market value potential approaching 4.7 billion image 0

As Moo Deng's global popularity soared, it attracted the attention and coverage of many well-known KOLs, brands and media. Heavyweight accounts such as the NFL football team Buffalo Bills, Uniswap Labs, and B/R Football posted meme content about Moo Deng on social media. Artist Beeple also created unique artwork for Moo Deng, and even Fox, the fifth largest TV station in the United States, participated in this trend, further enhancing Moo Deng's popularity worldwide. The official Twitter account also joined the trend and retweeted the meme-related pictures of Moo Deng, making the image of this pygmy hippo not only popular on the Internet, but also set off a wave of discussion in mainstream media and brands.

With the retweets and creations of these KOLs, Moo Deng's social media popularity has soared, promoting the further spread of MEME culture. This popularity has not only made Moo Deng a darling of social networks, but also brought new opportunities to the crypto market. Moo Deng tokens were quickly launched as MEME tokens on the Solana chain and became one of the most popular MEME tokens on the current market. Due to the active participation of the global community, Moo Deng tokens have received widespread attention and investment, driving the recovery of the MEME economy and opening up the "zoo market" with hippos as the theme.

2. Narrative Description

Moo Deng, perhaps the most unexpected global Internet celebrity of this era. Its round body, adorable expression, and occasionally mischievous character make this pygmy hippopotamus charming. Born in Khao Kheow Zoo in Thailand, it not only attracts the attention of tourists, but also becomes the focus of world attention through its funny interactions with the keepers. Once, it tried to "attack" the keepers, but was frightened by the water column and jumped around and almost fell to the ground. These funny and real moments spread through online videos, quickly triggering heated discussions and secondary creations from users around the world.

Moo Deng's unique cute behavior not only sparked heated discussions among netizens, but also made it a favorite of brands and social media. Well-known platforms such as Walmart and Twitter have also released meme pictures with Moo Deng as the theme, further promoting the global popularity of the "bouncing pig". Moo Deng is not only a "meme maker", but also a new favorite of the current MEME culture, with extremely high communication and influence.

As the popularity of Moo Deng soared, smart crypto investors were keenly aware of the huge market potential behind it. Cryptocurrency and token projects around this pygmy hippo quickly emerged, especially the Moo Deng token launched on the Solana chain. As the only successful project in this track, Moo Deng's token has become the focus of investors. Against the backdrop of the gradual recovery of the MEME economy, the rise of the Moo Deng token has not only promoted the rise of the "hippo economy", but also set off a new round of investment boom in the crypto market. Today, Moo Deng is not just a little hippo, it has become a bridge connecting the virtual and real worlds and integrating MEME culture with the crypto economy.

3. Market value expectations

Moo Deng ($MOODENG) is a MEME coin based on the Solana chain. Thanks to Moo Deng's global influencer effect and traffic-filled narrative, the token quickly attracted the attention of a large number of investors and became one of the important promoters of the current MEME economy. At present, the unit price of $MOODENG is $0.243682, and the circulating market value is $241 million.

By benchmarking other popular MEME tokens, the market value potential of $MOODENG can be estimated.

Benchmark projects:

· PEPE: unit price of $0.00001, circulating market value of $4.782 billion.

· BOME (MEME token on Solana chain): unit price of $0.0078, circulating market value of $538 million.

· FLOKI: unit price of $0.00016, circulating market value of $1.626 billion.

Assuming that the market value of Moo Deng ($MOODENG) reaches the level of these benchmark projects, the token price and increase are expected to be as follows:

· Benchmarking PEPE: The circulating market value is $4.782 billion, and the $MOODENG token price is about $4.83, an increase of 19.83 times.

· Benchmarking BOME: The circulating market value is 538 million US dollars, and the price of $MOODENG token is about 0.544 US dollars, an increase of 2.23 times.

· Benchmarking FLOKI: The circulating market value is 1.626 billion US dollars, and the price of $MOODENG token is about 1.64 US dollars, an increase of 6.74 times.

Through these benchmarking analyses, it can be seen that Moo Deng ($MOODENG) has significant growth potential in the MEME economy. With the continued activity of the community and the increase in market demand for MEME tokens, $MOODENG is expected to further expand its market value in the future and bring rich returns to early investors.

4. Economic model and on-chain chip analysis

The economic model of Moo Deng ($MOODENG) relies on decentralized community drive, and liquidity is mainly concentrated in Solana on-chain trading pairs. According to the latest data, 11.84K SOL is locked in the liquidity pool of $MOODENG, worth about 3.7 million US dollars. The high liquidity level provides the market with sufficient trading depth and ensures the stability and activity of the token in the market. Moo Deng's total transaction volume in the past 24 hours reached 98 million US dollars, and the number of transactions reached 58,000 times, demonstrating strong market performance and active trading volume. In addition, Moo Deng's 24-hour turnover rate is 13.68%, further indicating that the token has a high circulation rate and market participation in the short term.

From the distribution of on-chain chips, $MOODENG currently has 27,743 holders, showing that the project has gained a wide range of market participation. Liquidity is mainly concentrated in the $MOODENG/SOL trading pair, which accounts for most of the market's liquidity and ensures trading depth and price stability. The SOL tokens locked in the current liquidity pool indicate that funds are relatively concentrated and liquidity is relatively sufficient. In addition, the concentration of $MOODENG's holdings is relatively low, and the top 10 holders only account for 12.57% of the share. Such a distribution further disperses funds and reduces the risk of market manipulation.

Overall, Moo Deng has demonstrated its robust economic model and healthy chip distribution through strong liquidity support, active market performance, and a broad base of holders. As the market develops, Moo Deng is expected to continue to attract more users and capital inflows, further enhancing its position in the MEME economy.

V. Risk Warning

1. The project depends on community activity. If participation decreases, the project may be affected

2. As a Meme token, the price may fluctuate violently.

VI. Official Links

Website: https://www.moodengsol.com/

Twitter: https://x.com/MooDengSOL

Telegram: https://t.me/+hCTQLf149JNlZjgx

1

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: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!