In a remarkable cryptocurrency success story, a memecoin inspired by the internet’s latest sensation—a pygmy hippo named Moo Deng—helped an investor turn a modest ₹1 lakh investment into over ₹100 crore within just two weeks. The user, who made the investment on September 10, saw their investment soar as the value of Moo Deng’s memecoin skyrocketed. By September 28, their initial $1,300 (approximately ₹1 lakh) had ballooned to more than $12 million, according to blockchain tracker Lookonchain.
Joining the ranks of other popular memecoins like Dogecoin and Shiba Inu, the Moo Deng coin takes its name from a viral baby pygmy hippo that captured the hearts of internet users. Moo Deng, a two-month-old hippo from Thailand, became a social media sensation after playful videos of her circulated on TikTok and Instagram. The coin’s popularity surged as Moo Deng’s fame grew, leading to a 90% price increase in just 24 hours.
Crazy buying of #MOODENG!
A whale spent 10,156 $SOL($1.59M) to buy 6M $MOODENG at an average price of $0.2655 in the past 8 hours.https://t.co/e6IHotznDt pic.twitter.com/WEwQ7MefZ9
— Lookonchain (@lookonchain) September 28, 2024
Moo Deng’s name, which translates to “bouncy pork” in Thai, was chosen through an online poll held in August. The adorable hippo’s tiny size and endearing personality have made her a favorite among internet users, earning her fans from across the globe. Her zookeeper, speaking to The Guardian, expressed surprise at the hippo’s international fame, saying, “I thought she could be famous in Thailand but not internationally.”
Moo Deng coin highlights the unique relationship between internet culture and cryptocurrency. Memecoins are typically named after popular memes, animals, or internet trends, and while their lifespan can often be short, they have the potential for massive surges in value. Moo Deng’s internet celebrity status has clearly contributed to the coin’s rapid rise, sparking interest in both crypto communities and casual investors alike.
Moo Deng’s viral fame has extended beyond the cryptocurrency world. Beauty influencers worldwide have drawn inspiration from the baby hippo, incorporating her signature pink chubby cheeks and smooth skin into makeup looks. Her influence has even reached international audiences, showcasing the unpredictable power of internet virality.
With Moo Deng’s name attached to the latest memecoin success story, it’s clear that the internet’s fascination with the tiny hippo is not going anywhere anytime soon.
