MOODENG Crypto Soared 91% Today (May 9): What Happened?

Jakarta, Pintu News – According to analyst @KookCapitalLLC, the Moo Deng token experienced a parabolic price spike that caught the attention of crypto traders.

Verified on-chain data shows a sharp increase in trading volume and unique wallet activity in the last 24 hours, as reported by DEXTools and Etherscan.

MOODENG Crypto Price Up 91.78% in 24 Hours

On May 9, 2025, Moo Deng (MOODENG) saw a dramatic price surge, jumping 91.78% within just 24 hours. The token was trading at $0.08089, or approximately IDR 1,457. During this period, MOODENG hit a daily low of IDR 702.3 and climbed as high as IDR 1,533, marking a volatile but impressive rally.

At the time of writing, Moo Deng’s market cap stands at around $80.81 million, with trading volume surging 1296% to $232.51 million within 24 hours.

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MOODENG Crypto Price Rise Fueled by Buyouts

The surge in crypto MOODENG this time was triggered by centralized buying from several large wallets, which was amplified by viral spread on social media such as X and Telegram, according to CryptoQuant (sources: DEXTools, Etherscan, CryptoQuant, cited on May 8, 2025).

Furthermore, this rally triggered significant liquidation of short positions, which increased volatility and caught the attention of momentum traders.

Rapid price movements like this serve as a reminder for traders to keep a close eye on liquidity indicators and social sentiment, as sudden changes can present trading opportunities with high risk but also great profit potential, especially in small-cap tokens.

MOODENG Crypto Price Journey

In early November 2024, Moo Deng – a token inspired by a viral Thai baby pygmy hippo – saw its price increase by more than 1,200% in just a few weeks.

Based on data from CoinGecko, MOODENG reached a price of $0.245 on November 5, 2024 at 12:00 UTC, after previously only trading at $0.019 on October 15, 2024 at 09:00 UTC.

This explosive growth was also accompanied by a tremendous surge in trading volume, with 24-hour volume reaching $45.2 million on November 5, 2024 – a far cry from less than $1 million a month earlier.

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Enthusiasm on social media, especially on platforms such as X, helped amplify this surge, with a post from a well-known crypto trader on November 3, 2024 at 15:30 UTC highlighting the token’s viral appeal.

This phenomenon is in line with broader market trends, where meme coins often capitalize on popular culture phenomena – reminiscent of the rise of Dogecoin in 2021.

While Moo Deng is not directly related to events in the stock market, its spikes provide a snapshot of speculative behavior, risk appetite, and intermarket sentiment relationships in the crypto space during periods of high volatility in traditional markets.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Blockchain News. Moo Deng Token Price Surges: Key Drivers Behind Parabolic Crypto Rally Explained. Accessed on May 9, 2025