Modeng, a Solana-meme coin, rose by 652.8%over a period of 12 days. The Moodeng Prize rose from roughly $ 0.03981 to $ 0.29966, based on the diagram data that ends at 22:31:47 UTC.
Herdeng/Usdt Daily Chart. Source: Tradingview
The youngest highly marked the strongest price level of the token for not less than 4 months and possibly since its all -time high in November 2024. The sharp rally began at the top of April and accelerated in early May.
The price outbreak was accompanied with a powerful volume that reached its peak over 522 million US dollars throughout the rally. The steep climb also rose far above the sliding 200-day average, which indicates a reversal in comparison with the previous downward trend.
The municipalities trading volume costs 1 billion USD, with US dealers leading activities
From May 11, the Moodeng token recorded a 24-hour trade volume of $ 998.52 million in response to the market data. This was a major increase in day by day activity and put the Solana-based Meme coin on essentially the most traded assets in the marketplace.
Coinbase made 27% of this volume, which indicates a powerful commitment of the investors based within the USA. Other centralized stock exchanges and decentralized platforms contributed the remaining proportion, which indicates a broad distribution based on business locations.
The volume mirror accompanied a pointy price meeting and renewed the interest within the token. This increase also fell with the Tend- and Gainer charts from Cointencko in the identical period.
The market capitalization is a totally watered assessment of over 305 million US dollars
The LodG market capitalization reached $ 305.28 million and now corresponded to its fully diluted evaluation (FDV). The ratio of 1: 1 is as a consequence of all the token supply.
The project reports a circulating offer of 989,971,791 token, which can be the general and maximum supply. This implies that no additional Moodeng tokens should be unlocked or distributed.
Since the offer is fully approved, market participants praise all the assessment based on the present price, without the danger of inflation consisting of future emissions.
Onkain activity shows intelligent money that enters the Moodeng
Solscan's data showed that the decentralized exchange (Dex) rose in every week at 8.201%. The volume switched from May 179,490 to $ 14.9 million from May eleventh.
Moodeng Dex business volumes and item pockets. Source: Solscan
According to a contribution from Stalkhq on X, Smart Money Wallets bought highly price 194,000 US dollars on May tenth. These addresses are sometimes related to informed or strategic investors.
Holderscan reported that 165 items now control 25% of the entire Modeng token supply. These wallets have a combined not realized profit of $ 25.3 million, which relies on current prices.
The Coinbase activity corresponds to the Price Surge and Global Search Spike with Moodeng
On May 9, the Price movements of the Moodeng fell with increased visibility on an important platforms of dynamics. On May 11, Coinbase led 27% of the 998.5 million US dollar of the token volume, which reflects concentrated US rates of interest. Coinbase was certainly one of the biggest participants for the exposure of Emplodet's empodies.
In addition to the coinbase flows, the LOODEG list of Binance Alpha expanded the reach of the token and enabled access for a wider global audience. These exchange appearances were in favor of sharp price increases and increased trading activities.
Moodeng Binance Alpha Listing announcement. Source: Binance on X
Search trends followed an identical trajectory. Google Trends' data showed that interest in “Moodeng” on May twelfth achieved its maximum rating of 100. The climb was not limited to a region. High search volumes were recorded within the United States, India and parts of Southeast Asia, which indicates that the commitment of retail in several markets is a growing engagement in several markets.
The combination of centralized exchange lists, consistent price growth and search impulse positioned Loodeng as one of the vital visible assets within the second week of May.
What is Moodeng Coin?
Moodeng is a meme coin built on the Solana blockchain and was launched on September 11, 2024. It relies on the actual story of Moo Deng, a pygmy hippopotama born in Khao Kheow Open Zoo in Thailand in July 2024 in Khao Kheow Open Zoo. Moo Deng became viral on social media after videos of their playful behavior gained attention, which led to the creation of the Modeng token.
The coin has a hard and fast offer of 989.97 million tokens and is operated with 0% purchase and sales tax. This makes it accessible to dealers who need to avoid transaction fees. In addition, the project team donates 100% of the trading fees collected within the monshot app to the Khao Kheow-Zoo and connects the coin directly with its real inspiration.
There are other tokens called Moodeng on blockchains comparable to Ethereum and Base, however the Solana version is the fundamental version. The market capitalization has reached $ 305 million, while the Ethereum version only corresponds to $ 7.5 million. In order to avoid confusion, the dealers recommend checking the Solana -token address using platforms comparable to Coencko or Geckoterminal.
The increase in the recognition of Moo Deng has also contributed to increasing pedestrian traffic to the zoo and drawing attention to the projects of huge media projects comparable to the BBC and the New York Times. An early investor reported that $ 3.5 million in US dollars, which promoted the general public interest within the token.
