Solana Memecoin MOODENG Jumps 49% Following of Upbit Listing

Solana-based memecoin MOODENG has witnessed a bullish momentum following a listing announcement from South Korea’s leading cryptocurrency exchange, Upbit. According to data from Coingecko, the asset is currently trading at $0.2049. This represents a significant 49% surge in the last 24 hours. The notable price surge helped propel the memecoin’s market cap to over $202 million. 

Upbit List MOODENG

On July 3, 2025, Upbit announced the listing of MOODENG, offering trading pairs in Korean Won (KRW), Bitcoin (BTC), and Tether (USDT). 

According to the exchange, deposits and withdrawals are only supported through MOODENG-Solana, the guided network. Therefore, users should endeavour to check the network before trading. 

As per the Travel Rule, deposits from unidentified virtual asset service providers (VASPs) will not be reflected in user accounts. Personal wallet deposits also require ownership verification, and large deposit amounts may necessitate documentation regarding the source of funds.

Upbit’s latest asset support aims to diversify its offerings and cater to the increasing interest in memecoins within the cryptocurrency community.  Moreover, the listing has significantly boosted MOODENG’s visibility and accessibility, leading to a notable increase in market activity.

Market data shows that the memecoin’s 24-hour trading volume currently stands at approximately $402 million. This figure reflects a remarkable increase of 721.40% from one day ago. The price spike underscores the growing influence of the memecoin within the crypto market. It also highlights the increasing interest in Solana’s ecosystem.

Additionally, MOODENG has spiked considerably in the last two weeks, showing strong upward momentum. With a 46.80% increase over the past seven days, the memecoin is significantly outperforming the broader cryptocurrency market. By comparison, the global market has risen just 2.30% over the same period.

The asset’s recent surge is impressive, but it is still trading 69.90% below its all-time high of $0.6804. This substantial gap leaves ample room for speculation about its future potential.

MOODENG’s Meteoric Rise

MOODENG draws its inspiration from a baby pygmy hippopotamus (meaning bouncy pig) born at Thailand’s Khao Kheow Zoo. Following its launch, the memecoin became an internet sensation, capturing the interest of the crypto world.  Leveraging this viral fame, MOODENG was launched on the Solana blockchain in December 2024. The creators utilized the Solana-based memecoin generator, Pump.fun, to bring the much-adorned hippo into the blockchain. 

Since its inception, the hippo-themed memecoin has gained support from notable crypto platforms, including Bybit, Binance, and OKX. Binance Alpha also listed the asset in May, leading to a notable 60% price increase. Its unique origin story and community-driven approach have contributed to its rapid rise in popularity. 

In April 2025, Moo Deng’s popularity soared even further when staff at Suvarnabhumi Airport handed out Moo Deng plush toys to travellers. This gesture was during the Thai New Year celebrations and it helped boost public interest. 

MOODENG’s success is a testament to the power of community engagement and the viral nature of meme coins. Its rise reflects a broader trend in the crypto market, where community-driven projects with unique narratives can achieve significant success. 

As the memecoin continues to gain traction, it may pave the way for similar projects. They will further expand the memecoin landscape within the Solana ecosystem. However, investors and enthusiasts should remain aware of the volatile nature of memecoins. While MOODENG’s recent performance is impressive, it is essential to approach such investments with caution and conduct thorough research.

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