Solana-Based Meme Coins LandWolf and Moo Deng Skyrocket by 112% and 56%, Respectively, as the Crypto Fear and Greed Index Approaches the Greed Zone of 60

LandWolf (WOLF) and Moo Deng (MOODENG) were the best-performing tokens as they rose by over 112% and 56% on Sep. 27.

Solana (SOL)-based meme coins, LandWolf (WOLF) and Moo Deng (MOODENG), led the crypto market on Sep. 26 with gains of over 112% and 56%, respectively.

LandWolf and Moo Deng skyrocketed on Wednesday as the crypto fear and greed index approached the greed zone of 60.

Best-performing cryptocurrencies todayWolf and Moo Deng tokens have performed exceptionally well in recent days, surging by over 390% and 1,800% from their lowest points this month, respectively.

As a result of these gains, WOLF has pushed its market capitalization to over $38 million, while MOODENG has reached nearly $200 million.

Other popular Solana meme coins, such as Popcat (POPCAT), have also seen double-digit gains in the past few days, pushing its market cap to $1 billion for the first time.

These gains coincide with improving sentiment in the crypto market, with Bitcoin jumping from its September low of $52,000 to over $65,000.

Additionally, the crypto fear and greed index has risen from the fear zone of 34 to 56. Meme coins often outpace large-cap coins like Bitcoin and Ethereum during bull runs due to their lower prices.

Solana’s decentralized exchange volume has risen by over 32% to $6.3 billion in the last seven days.

This volume was largely driven by decentralized exchange platforms like Raydium, Orca, Phoenix, and Lifinity.

According to data from Solscan, many investors have purchased Moo Deng and LandWolf, which explains their rising daily volume.

LandWolf has over 45,000 holders while Moo Deng has accumulated more than 20,000 holders.

One of Moo Deng’s holders was highlighted by LookOnChain, which noted that the trader had converted $1,331 into $3.4 million within 15 days.

Another trader bought the token when its market cap was at $70,000, making a profit of almost $392,000. Such statements often lead to fear of missing out, triggering parabolic price moves.

This guy is such a smart trader!

Entered $MOODENG at a $70K market cap and made $392.2K! ($70K→$207M)

#MOODENG

Entered $omochi at a $28K market cap and made $251.7K! ($28K→$24M)

Entered $PESTO at a $75K market cap and made $65.3K! ($75K→$24M)

https://t.co/pOpjAW4RIh pic.twitter.com/yCsKVDVBix

Additionally, Ki Young Ju, the CEO of CryptoQuant, noted that cryptocurrencies were soaring due to the anticipated release of Changpeng Zhao, the founder of Binance.

CZ is getting out early today—bullish vibes everywhere.

Not sure why, but I’m feeling it too.

He just needs to post “I’m back” and the market will skyrocket.

https://t.co/aFtIePtJSN

Other catalysts for LandWolf, Moo Deng, and other cryptocurrencies include Federal Reserve interest rate cuts and massive stimulus measures by the Chinese government.