A savvy trader has reportedly transformed a $1,331 investment** into an astounding **$9.5 million in just 16 days, achieving a 7,140x return from an early investment in MOODENG, a Solana-based meme coin that has rapidly gained traction in the crypto space.
The Rise of MOODENG
MOODENG, a Solana-based token, is currently trading around a market capitalization of $205 million**, down from its peak of **$339 million over the weekend, according to DexScreener data.
The token’s meteoric rise was fueled by the viral popularity of its namesake—Moo Deng, an adorable baby hippo from a Thailand zoo. The meme coin’s appeal lies in its playful branding and community-driven momentum, characteristics common to successful meme coins like Dogecoin and Shiba Inu.
How the Trade Unfolded
Blockchain analytics firm Lookonchain reported that the trader invested 9.8 SOL (worth $1,331) to acquire 38.7 million MOODENG tokens on September 10.
In a partial exit, the trader sold 104,000 MOODENG for 112 SOL ($17,900)** while retaining the bulk of their holdings. The remaining **38.64 million MOODENG tokens** are now valued at **over $9.5 million, underscoring the token’s explosive growth in just two weeks.
👉 How to spot the next viral meme coin early
The Meme Coin Resurgence
MOODENG’s success comes amid a broader meme coin rally:
- Dogecoin (DOGE) surged 19% in September.
- Shiba Inu (SHIB) climbed 32% over the same period.
This resurgence has reignited interest in high-risk, high-reward meme coin investments, with traders speculating on the next breakout token in what some call the "memecoin supercycle."
Why MOODENG Stands Out
Unlike many fleeting meme coins, MOODENG has demonstrated staying power, thanks to:
- Strong community engagement
- Viral social media presence
- Solana’s low-fee, high-speed ecosystem, making it easier for retail traders to participate.
👉 The future of Solana meme coins
FAQ
How did MOODENG gain popularity?
MOODENG’s rise was propelled by the viral fame of Moo Deng, a baby hippo from Thailand, which became a meme sensation.
What’s the risk with meme coins?
Meme coins are highly volatile and often driven by hype rather than fundamentals. While some traders make life-changing gains, others suffer steep losses.
Can MOODENG sustain its growth?
While past performance has been impressive, meme coins are notoriously unpredictable. Investors should exercise caution and avoid overexposure.
Is Solana the best blockchain for meme coins?
Solana’s low transaction costs and fast speeds make it a preferred platform for meme coin trading compared to Ethereum’s higher fees.
Key Takeaways
- A trader turned $1,331 into $9.5M in 16 days with MOODENG.
- The token’s success stems from viral branding and community hype.
- Meme coins like DOGE and SHIB are also rallying, signaling renewed interest.
⚠️ Disclaimer: Meme coins are speculative assets. Always conduct thorough research before investing.
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