3 Major Causes of Moo Deng’s (MOODENG) Price Jumping 728% in 30 Days!

Jakarta, Pintu News – The rise in price of the Moo Deng meme coin is a surprising phenomenon in a crypto market that has recently shown a downward trend for meme themes.

Although the crypto market has been in turmoil in recent months, affecting investor sentiment, digital assets such as Moo Deng are now showing a significant increase.

Check out the full reason for the MOODENG price hike in this article!

Listing on Binance Alpha

Binance’s May 11 announcement of the listing of Moo Deng and another Solana meme coin, GOAT, has pushed the price of Moo Deng up by more than 500%. The listing triggered high demand which led to the price spike.

Listing on large platforms like Binance is often an important catalyst that can change the market dynamics for a particular crypto asset. In the case of Moo Deng, the effect of this listing was significant, showing how important the support of major crypto exchanges is in determining the market value of a coin.

Also read: Stablecoin Market to Reach $3.7 Trillion by 2030, Citi Bank Shares Analysis!

Crypto market recovery broadens as US-China trade deal nears

The crypto market as a whole has been trending positively the past few days. Investor sentiment turning greedy is the first indication in recent weeks, fueled by geopolitical news such as the US-UK trade deal and ongoing US-China trade talks.

This increased investor optimism has not only affected the stock and commodity markets, but also the crypto market. This news about trade talks gives new hope to investors who are looking to high-risk assets like crypto for greater profit potential.

Also read: 3 Most Notable May 2025 Airdrop Projects

High Trading Volume and OI Drive MOODENG Meme Coin Price Rally

With this significant event, the trading volume of the Moo Deng meme coin has surged 360% to $1.12 billion today. In addition, open interest has reached $289.70 million after increasing 120% according to Coinglass data, signaling bullish momentum.

Increased trading volume and open interest are good indicators of healthy market activity and high investor interest. These two factors often play a role in sustaining a crypto asset’s price rally, as seen with Moo Deng today.

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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

• Coingape. Top 3 Reasons Why Moo Deng Price is Up 110% Today. Accessed on May 13, 2025
• Featured Image: Inside Bitcoins