The Solana-based memecoin Moo Deng has experienced a significant surge in market value, reaching a market cap of $255 million following its listing on Robinhood and the viral popularity of its mascot, a pygmy hippo. The coin's value increased by 530% in a week, driven by 'macro hopium' and easing trade tensions, positioning it as a standout in the volatile meme coin market. Ethereum co-founder Vitalik Buterin's adoption of the hippo and his 88 ETH donation to a zoo have further fueled interest and investment in Moo Deng, highlighting the intersection of cryptocurrency and animal welfare initiatives. This development underscores the growing influence of social and cultural phenomena on cryptocurrency markets, as well as the potential for memecoins to capture investor interest through viral narratives and celebrity endorsements.
Moo Deng: The Memecoin Making Waves in Crypto Markets
September 22, 2025
1 min read
The Solana-based memecoin Moo Deng has experienced a significant surge in market value, reaching a market cap of $255 million following its listing on Robinhood and the viral popularity of its mascot, a pygmy hippo. The coin's value increased by 530% in a week, driven by 'macro hopium' and easing trade tensions, positioning it as a standout in the volatile meme coin market.