Moo Deng Solana Meme Coin Soars to $80 Million Market Cap

A Solana-based meme coin promoted by Moo Deng, a pygmy hippo native to Thailand, has seen its market capitalization skyrocket to over $80 million in less than two weeks.

Moo Deng, which means "bouncy pig" in Thai, is a two-month-old pig residing at Khao Kheew Open Zoo, Chonburi, Thailand.

The tiny hippo has captured the hearts of millions across the globe with her adorable features, including her chubby cheeks and perpetually wet appearance. Social media posts of the baby hippo have easily racked up millions of views, cementing her status as an online celebrity.

The Solana MOODENG token was created on the Pump.fun cryptocurrency platform and immediately skyrocketed. This Tuesday alone, the token's market capitalization reached a peak of $80.14 million.

MOODENG is now the fourth-largest meme coin on Pump.fun, surpassing notable competitors such as BILLY, SCF, and DADDY. Meanwhile, Moo Deng’s popularity in the real world continues to skyrocket. Khao Kheow Open Zoo has announced plans to livestream the pygmy hippo for 24 hours to meet the overwhelming public demand.