Moo Deng Meme Coin Skyrockets, Turning $800 Investment Into Millions

The baby pygmy hippo-inspired token surges in popularity, leading a broader meme coin market rally.

Moo Deng, a meme coin inspired by a viral baby pygmy hippo, has surged 597% in the past week, reaching a market cap of $141 million.
An anonymous trader turned a $800 investment in Moo Deng into approximately $3.5 million within weeks of the token's launch.
The meme coin market has seen significant gains, with top tokens like Dogecoin and Shiba Inu also posting double-digit increases in the past 24 hours.
Solana's Pump.fun platform, which launched Moo Deng, has regained traction, deploying over 10,000 new meme coins in a single day after a period of decline.
Moo Deng’s popularity extends beyond individual investors, attracting corporate attention from entities like Dreamworks and UFC, and sparking discussions about trademarking the hippo's image.