The Solana-based memecoin Moo Deng has experienced a significant surge in value, reaching a market cap of $255 million following its listing on Robinhood and the viral adoption of a pygmy hippo by Ethereum co-founder Vitalik Buterin. The memecoin, themed around the baby hippo Moo Deng, has seen its value increase by 530% in a week, driven by the combination of social media virality and macroeconomic optimism, often referred to as 'macro hopium'.
Vitalik Buterin's involvement has further fueled interest, as he has donated 88 ETH to the Khao Kheow Open Zoo in Thailand, where Moo Deng resides. This intersection of cryptocurrency and animal welfare highlights a growing trend of blockchain technology being used to support charitable causes. The rapid rise of Moo Deng underscores the volatile yet potentially lucrative nature of memecoins, as well as the influence of high-profile endorsements in the crypto market.
Moo Deng: A Memecoin Phenomenon in the Crypto Market
September 13, 2025
1 min read
The Solana-based memecoin Moo Deng has experienced a significant surge in value, reaching a market cap of $255 million following its listing on Robinhood and the viral adoption of a pygmy hippo by Ethereum co-founder Vitalik Buterin. The memecoin, themed around the baby hippo Moo Deng, has seen its value increase by 530% in a week, driven by the combination of social media virality and macroeconomic optimism, often referred to as 'macro hopium'.