6 months ago
A Solana-based memecoin themed connected viral Thai zoo hippo Moo Deng surged by much than 67% aft it was listed connected cryptocurrency speech Coinbase connected Monday.
Its marketplace headdress is present pushing backmost towards $500 cardinal aft a two-week lull that saw the token's terms driblet from $0.67 to $0.30. It is presently trading astatine $0.49 pursuing Monday's rise, with regular trading measurement rising by 151% to $330 million.
The listing provided a much-needed boost to the wider memecoin ecosystem, with GOAT experiencing a 9% determination to the upside, portion PNUT roseate by 6% during a 10-minute play pursuing the listing.
It's worthy noting that memecoins are volatile by quality arsenic they person nary intrinsic value; they emergence and autumn rapidly based solely connected trader sentiment connected a backdrop of minimal liquidity. OKX, which offers MOODENG's astir liquid trading pair,
Two percent marketplace extent for MOODENG connected OKX, which offers the astir liquid trading pair, is $81,000 to the upside meaning that a comparatively tiny marketplace bid would propulsion terms overmuch higher.
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