Meme coins are showing signs of renaissance after a long period of calm. Several Solana meme coin hits got back on the bullish track on Tuesday, sparking up 16.9% rallies for the old-timer dogs like Dog Wif Hat (WIF), Bonk Token (BONK) & Baby Doge Coin (BABYDOGE).
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Additionally, the 3% market cap growth for the Solana meme coin section has a selection of newcomers running the show. Moo Deng (MOODENG), the internet sensation pygmy hippopotamus, resurfaced in crypto’s TOP 300 by global market cap, says SoSoValue.
With this upswing, Moo Deng’s (MOODENG) is nothing short of success this month. The 473% 30-day returns testifies that this meme coin hasn’t faded away, despite still being 66.8% down from the all-time record of $0.68 on November 15, 2024, according to CoinGecko.
Moo Deng Pops Out: A New Meme King On SOL?
The bouncy pork moves upwards to $0.2233 today, picking up 14.20% gains over the past 24 hours. Interestingly, the Solana meme coin is similarly coded to Dog Wif Hat (WIF) in terms of max supply. While Moo Deng’s (MOODENG) supply is capped at 989,971,791, the elder dog WIF sports a slightly bigger cap of 998,926,392 tokens.
In its prime the hatted Solana fashion meme coin WIF traded at $4.83, but kept below $1 for the most part of 2025 so far, vividly portraying the wild roller coaster ride of hype-driven cryptos. Despite the massive downward slope since the 2024 peak, WIF coin also picked up 15.5% gains to trade at $0.9885 with a 79% upheaval in 30 days.
On The Flipside
- Meme coin rally sustainability highly depends on its practical use, judging by the trading volume, of which Coinbase takes 22%.
- On Tuesday, Moo Deng’s trading volume stood at $213,466,222 in a 24-hour window, according to CoinGecko’s stats.
- Despite the 14.20% uptick for the crypto’s cutest hippo, WIF edges MOODENG by far, whipping up $556,680,288 in 24 hours.
Why This Matters
Meme coins on Solana have sparked enormous price rallies for the whole ecosystem, contributing its part to the $293 all-time record for Solana, hit half a year ago.
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Moo Deng is a Solana-based meme coin inspired by a viral baby pygmy hippopotamus from Thailand’s Khao Kheow Zoo, which captured global attention in 2024 with its adorable antics on social media. Its popularity drives the coin’s hype, making it a fun, community-focused investment.
Since its September 2024 launch, MOODENG’s price surged over 600%, reaching $0.2730 with a $1.2B trading volume spike in May 2025. However, its volatile nature means prices can fluctuate significantly.
MOODENG’s price is fueled by social media buzz, whale investments, and token burns, but it’s also sensitive to market trends and competing meme coins. Community engagement and viral hype are key factors.
Yes, MOODENG is highly volatile, with risks of sharp price drops due to its meme coin nature. Newbies should only invest what they can afford to lose.
While MOODENG has seen surges like 573% in a week, sustaining growth depends on continued community interest and market conditions. Its long-term value is uncertain due to speculative hype.
