- Meme coins like Dogecoin, Floki, and Pepe have surged in price, with newer investments like Solana-based token Moo Deng (MOODENG) up over 90% in 24 hours.
- An anonymous trader’s $800 investment in Moo Deng four hours after its launch is now worth around $75 million.
- Bitcoin’s price has climbed above $66,200 per coin, marking a 5% rise over the past week, as investors have thrown cash back into Bitcoin ETFs following the Federal Reserve’s interest rate cut.
Bitcoin is up again Friday, but meme coins are blasting off with massive gains, led by one inspired by the viral baby hippo Moo Deng.
Moo Deng Price Surge
Solana-based token Moo Deng (MOODENG) is up over 90% in 24 hours, nearly doubling in price over the last day and trading for nearly 0.027, according to CoinGecko. Moo Deng, which is inspired by a viral baby pygmy hippopotamus from Thailand, continues to push to new all-time high prices.
On September 10, an anonymous trader bought 6 SOL worth of Moo Deng for $800 just four hours after it launched. That investment was worth around $75 million worth of Moo Deng tokens on Friday, up from $35 million on Thursday, according to blockchain data.
Other Meme Coin Gains
BILLIONDOLLARCAT, a Rune’s token running on the Bitcoin network, is up nearly 240% over the last week with a further 32% bump today.
The rise of the Rune’s token comes as the price of Bitcoin itself continues to climb. Bitcoin is now trading for over $66,200 per coin, marking a seven-day rise of more than 5%.
Of the major coins, Dogecoin is one of the best performers over the week, having jumped by 20%. Its price now stands at $0.126. But compared to rival Shiba Inu, Dogecoin‘s gains are small. SHIB has rocketed upwards by nearly 50% over the week. Its price now stands at nearly $0.0000021.
Pepe, which runs on Ethereum, has soared by over 30% this week—an impressive gain though overshadowed by some of the other big climbers.
Conclusion
Meme coins like Moo Deng and BILLIONDOLLARCAT continue to see strong gains, significantly outperforming Bitcoin and other major cryptocurrencies over the past week. The hype around these viral assets shows no signs of slowing down.
