The adorable Thai pygmy hippo has done it again—this time on the blockchain. Moo Deng, a Solana-based memecoin inspired by the viral zoo celebrity from Thailand, has surged more than 114% in just 24 hours after making its debut on Binance Alpha.
The token is now trading at around $0.267, a major jump from its previous levels, although it still sits roughly 60% below its all-time high. Moo Deng’s listing on Binance Alpha appears to have ignited massive interest, pushing both trading volume and futures activity to new highs.
Meme Magic Meets Market Momentum
In the last week alone, Moo Deng has rallied over 576%, and in the past month, it’s up a staggering 970%. According to CoinGecko, the token hit an intraday high of $0.28 following the Binance Alpha announcement, showing strong momentum driven by retail enthusiasm and institutional buzz.
On-chain data reveals that trading volume spiked 416.3% compared to the previous day. Meanwhile, open interest in Moo Deng futures has more than doubled, jumping from $125 million to over $276 million, as reported by CoinGlass. Just days earlier, open interest was barely above $13 million, making this surge nothing short of explosive.
Binance Alpha Listing Sparks Buying Frenzy
The sudden rally aligns closely with Moo Deng’s inclusion in Binance Alpha’s latest pre-listing selection, announced on May 11. Alongside Moo Deng, Binance also listed Goatseus Maximus (GOAT)—another trending memecoin—which also saw a sharp price jump of up to 70% after the announcement.
These listings seem to be a green light for smart money and retail traders alike, turning low-cap tokens into high-octane trades almost overnight.
The Backstory Behind Moo Deng’s Popularity
Moo Deng was launched in September 2024 as a light-hearted tribute to a baby pygmy hippopotamus at Thailand’s Khao Kheow Open Zoo. The calf went viral on TikTok, melting hearts worldwide with its tiny snout and expressive eyes. Since then, Moo Deng has become a local icon in Thailand.
During the recent Songkran Festival, Thai airport workers even handed out Moo Deng plushies to travelers—cementing its place as both a cultural and now crypto phenomenon.
What’s Next for Moo Deng?
While the token is still far from its January all-time high, the recent surge shows that Moo Deng isn’t just another fleeting meme—it’s gaining serious traction. If the current momentum continues and it breaks past key resistance levels, Moo Deng could be one of the standout memecoins of 2025.
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