- A Solana investor’s $815 purchase of MOODENG meme coins turned into $9.4 million within 17 days, showcasing rapid price gains.
- The MOODENG coin, inspired by a viral Thai celebrity hippopotamus, saw a price surge that led to an 11,534x return.
- MOODENG’s fully diluted valuation reached $312.3 million, driven by increased investor interest and substantial liquidity of $3.8 million.
A Solana (SOL) investor has turned a $815 investment into $9.4 million through the purchase of MOODENG, a meme coin inspired by a Thai internet celebrity hippopotamus.
$815 MOODENG Investment Soars to $9.4M
The transaction involved the purchase of 30.1 million MOODENG tokens, a meme coin built on the Solana blockchain. The investor spent 6 SOL, which at the time equated to approximately $815. Just days later, the total value of these holdings skyrocketed to $9.4 million as noted by Wu Blockchain, making it one of the most notable cryptocurrency trades in recent memory.
The massive profit spike is unusual even in the highly speculative world of meme coins, which are often characterized by rapid price fluctuations and short-lived hype cycles. MOODENG, inspired by a viral Thai internet sensation hippopotamus, seems to have ridden a wave of popularity, benefiting those who entered the market early.
MOODENG Market Cap Hits $312.3M, Price Up 4.67%
In a chart posted by LookOnChain data via the X Space, market data for the MOODENG/SOL trading pair on the Raydium decentralized exchange tracked the price movement of MOODENG over a period of time, with each candle representing a four-hour period. The price of MOODENG saw its movements between $0.3021 and $0.3330, with the last recorded value of $0.3162, reflecting a 4.67% increase.
According to the chart, 2.353 million MOODENG have been traded in terms of volume within the recent period. The upward trend starting from around the 17th has been recorded with a gradual rise in price, indicating increased market interest and liquidity.
The liquidity pool holds $3.8 million, while the fully diluted valuation (FDV) and market capitalization stand at $312.3 million, indicating a notable value attributed to the coin and the level of investor engagement with MOODENG.
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