Moo Deng (MOODENG), a meme coin inspired by the viral baby hippo craze in Thailand, has seen a dramatic price surge following a significant announcement from Coinbase.
On December 2, Coinbase revealed that Moo Deng was added to its listing roadmap, prompting a 66% price increase as the community reacted positively to the news.
This development has propelled MOODENG back to levels seen around November 18, recovering from a recent dip after its all-time high of $0.6804 on November 15, 2024. Currently trading at around $0.5993, the token is just 12% shy of its peak.
The broader crypto market had recently shifted focus to Bitcoin’s approach toward $100,000 and XRP’s notable rally, sidelining meme coins. However, analysts suggest the market is primed for a potential supercycle, with meme coins like MOODENG poised to benefit.
Binance previously listed Moo Deng futures in October, which sparked earlier gains for the coin. The latest price rally solidifies MOODENG’s position, making it one of the top 100 cryptocurrencies by market capitalization.
As the market responds to Coinbase’s endorsement, Moo Deng’s rise underscores the growing influence of meme coins in the crypto ecosystem. With renewed momentum and increasing investor interest, MOODENG is positioned to capitalize on its viral popularity and the broader market’s upward trajectory.
