Solana-based Memecoin MOODENG Surges Over 60% Following Binance Alpha Listing

MOODENG, a Solana-based meme coin token, has experienced an unexpected price surge of over 60% in the last 24 hours despite declining interest in memecoins and investor sentiment. The Solana-based token, inspired by a viral Thai pygmy hippopotamus, initially mirrored the trajectory of many memecoins with a meteoric rise followed by a precipitous fall.

Upon its launch, the coin soared to an all-time high of $0.6911, only to succumb to the inevitable decline as initial hype waned. However, recent performance indicates a significant reversal of fortune.

Over the past week, the memecoin has skyrocketed by an impressive 573%, with a further 60% gain recorded today, bringing its current trading price to approximately $0.2730. Data from CoinGecko confirms this bullish trend, revealing that Moo Deng has reached as high as $0.28 within the last 24 hours, a remarkable 114.3% increase.

Nonetheless, despite this resurgence, the token remains approximately 60% below its all-time high, leaving room for speculation about its future potential.

Why is MOODENG Surging Today?

The main reason for this remarkable surge in price is the community’s enthusiasm about MOODENG’s listing on Binance. On May 11, the crypto exchange Binance announced it would list MOODENG and another memecoin, GOAT, that uses the Solana network, on its Alpha platform.

This news sparked a lot of community interest in both tokens, which pushed their prices up. Notably, the overall cryptocurrency market optimism has further helped push the price, as it has mostly been going up lately.

Furthermore, this surge is happening simultaneously as investors feel energized over advanced talks between the US and the UK on trade deals and discussions between the US and China over tariff reduction and improved business relations.

Moreover, the memecoin is currently trading at a volume of $1.12 billion, a massive 257.60% increase. According to Coinglass, the amount of open interest in MOODENG has jumped by 120% to $289.70 million, which shows a strong upward trend.

Notably, CoinGlass data also indicates that the token’s futures open interest has jumped almost 120%, reaching $276 million. Only three days ago, the memcoin’s open interest was $125 million, a significant increase from just $13.4 million.

Nonetheless, investors anticipate Moo Deng’s continued surge, fueled by Bitcoin’s rising price. Experts have observed this increased interest in their analyses. For example, Solberg Invest’s price prediction suggests the memecoin could reach $0.34, provided investors avoid excessive buying that triggers a price drop.

The Background

Launched in September 2024, MOODENG is inspired by a real baby pygmy hippo named Moo Deng. The hippo, from Khao Kheow Open Zoo in Thailand, gained online fame, particularly on TikTok, due to its adorable nature. In April 2025, Moo Deng’s popularity increased further when Suvarnabhumi Airport staff distributed Moo Deng plush toys to travelers during Songkran, the Thai New Year.

According to a CoinTab report, MOODENG has become a popular trading memecoin since its launch in September 2024. The project’s team launched the token using Pump.fun, a tool for making meme coins on Solana.

However, MOODENG is actively traded on many crypto exchanges, including Binance, a major exchange. Bybit and OKX have also listed the meme token, which caused a significant price increase for the hippo-themed memecoin.

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