MOODENG Rallies Over 100% After Binance Futures Lists MOODENGUSDT USD-Margined Perpetual Contract

The price of Moo Deng (MOODENG) has rallied over 100%, from $0.074 to $0.168, minutes after Binance Futures announced the listing of MOODENGUSDT

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The price of Moo Deng (MOODENG) rallied over 100%, moving from $0.074 to $0.168 minutes after Binance Futures announced the listing of MOODENGUSDT USD-Margined perpetual contract today, CoinGecko data shows. At the time of writing, the Solana-based meme coin trades at $0.15, up around 107% over the past 24 hours and 40% in a week.

Trading volume for MOODENG also hit $195 million on Friday, up over 180% in the last 24 hours. Higher volumes indicate increased market activity.

Binance has been listing several meme coins, including Neiro (NEIRO), Turbo (TURBO), and Baby Doge Coin (1MBABYDOGE), to capitalize on the growing interest in this segment. The listings have sparked notable price movements, with Neiro experiencing a sharp increase of 688% shortly after its launch.

The listing of MOODENG on Binance Futures comes just a day after Goatseus Maximus (GOAT), a Solana-based AI meme coin that has been gaining attention from members of the crypto community, was listed on Binance Futures.

GOAT's market value skyrocketed to $860 million following the Binance Futures announcement. Over the past week, its price has soared by 69%, hitting a peak of $0.87, CoinGecko data shows.

What is Moo Deng?

Making its debut on the popular Pump.Fun platform, the MOODENG token is inspired by a viral baby hippo named Moo Deng from Thailand’s Khao Kheow Open Zoo. The token has swiftly gained popularity, with its market cap exceeding $300 million.