The Solana-based meme coin Moo Deng (MOODENG) has surged over 40% in the past 24 hours, reaching a market capitalization of $217 million and surpassing popular meme tokens like Neiro (NEIRO) and Baby Doge Coin (BABYDOGE). This rally comes on the heels of a major exchange listing announcement that has reignited investor interest in the hippo-themed digital asset.
As of Thursday, MOODENG was trading around $0.204, marking a significant recovery from recent lows. The momentum behind this surge can be directly attributed to Upbit Korea’s official confirmation of trading support for the token — a development that has elevated MOODENG’s visibility and credibility in the fast-moving meme coin ecosystem.
Why Is MOODENG Rising Today?
The primary catalyst behind MOODENG’s sharp upward movement is Upbit Korea’s announcement that it will officially list and support trading for the MOODENG/USDT pair. According to an update posted on Upbit’s official X (formerly Twitter) account, trading went live at 17:00 KST on Thursday.
👉 Discover how major exchange listings can trigger explosive price moves.
This news sparked immediate excitement across crypto communities, particularly among retail investors who view Upbit — one of South Korea’s largest and most trusted exchanges — as a strong signal of legitimacy. The anticipation of increased liquidity and broader market access has driven rapid buying pressure.
Historically, listings on top-tier platforms like Upbit have led to substantial price pumps for meme coins due to high regional trading volume and strong retail participation in the Korean market. With this new listing, MOODENG now gains exposure to millions of new potential traders.
At its peak on November 15, MOODENG reached an all-time high of $0.705, and some investors are now speculating whether the token could retest or even surpass that level if bullish momentum continues.
Market Cap Growth: MOODENG Outpaces Rivals
MOODENG’s rapid ascent has pushed its market cap beyond $217 million, placing it ahead of several well-known meme coins, including:
- Neiro (NEIRO)
- Baby Doge Coin (BABYDOGE)
This achievement underscores the growing appeal of niche, community-driven projects that leverage viral themes — in this case, inspired by a real-life baby hippopotamus named Moo Deng that gained global fame.
According to data from CoinGecko, the broader meme coin sector has seen renewed activity in recent weeks, with investors rotating into high-potential, low-cap tokens following periods of consolidation in major cryptocurrencies like Bitcoin and Ethereum.
MOODENG’s success reflects a larger trend: narrative-driven investing remains a powerful force in crypto markets, especially when combined with strategic exchange listings and active social media engagement.
Technical Outlook: Can MOODENG Go Higher?
From a technical perspective, MOODENG shows strong bullish signals on its daily chart.
On Wednesday, the price broke above a key descending trendline, drawn from multiple swing highs since May 26 — a classic sign of potential trend reversal. That breakout coincided with a 28% single-day gain, setting the stage for further upside.
As of Thursday, MOODENG is challenging a critical resistance level at $0.186**. A confirmed daily close above this zone could open the door to a retest of the **61.8% Fibonacci retracement level at $0.258, calculated from the May high ($0.344) to the June low ($0.12).
Key Technical Indicators
- Relative Strength Index (RSI): Currently reading at 60, which is above the neutral 50 threshold, indicating healthy bullish momentum without entering overbought territory.
- MACD (Moving Average Convergence Divergence): Showed a bullish crossover last Sunday, with the histogram bars rising above the zero line — another confirmation of strengthening upward momentum.
👉 Learn how RSI and MACD can help predict breakout opportunities.
Potential Upside Targets:
- $0.258 – 61.8% Fibonacci level
- $0.344 – Previous local high
- $0.705 – All-time high (November 15)
Downside Support Levels:
If profit-taking triggers a pullback, initial support is expected near $0.16**, aligned with the previously broken descending trendline. Further downside could find support around **$0.12, the June low.
Frequently Asked Questions (FAQ)
1. What is MOODENG?
MOODENG is a meme token built on the Solana blockchain, inspired by Moo Deng, a baby hippopotamus from Thailand who became an internet sensation. It operates as a community-driven cryptocurrency with no intrinsic utility but relies on social virality and speculative trading.
2. Why did MOODENG price increase?
The price surge was primarily driven by Upbit Korea’s announcement of trading support for MOODENG. Listings on major exchanges often lead to increased liquidity, visibility, and investor confidence — all contributing to rapid price appreciation.
3. Is MOODENG available on major exchanges?
Yes, MOODENG is now listed on Upbit Korea, one of South Korea’s largest crypto exchanges. It is also traded on various decentralized exchanges (DEXs) and other centralized platforms supporting Solana-based tokens.
4. What are the key resistance levels for MOODENG?
Key resistance levels to watch are:
- $0.186 (current daily resistance)
- $0.258 (61.8% Fib retracement)
- $0.344 (prior high)
A breakout above $0.186 could accelerate gains toward higher targets.
5. How does MOODENG compare to other meme coins?
MOODENG has surpassed both Neiro (NEIRO) and Baby Doge Coin (BABYDOGE) in market capitalization, currently standing above $217 million. While still smaller than giants like Dogecoin or Shiba Inu, its recent performance highlights strong community momentum and speculative interest.
6. Should I invest in MOODENG?
Meme coins like MOODENG are highly speculative and volatile. While short-term gains are possible, especially after exchange listings, they carry significant risk. Always conduct thorough research and consider consulting a financial advisor before investing.
Core Keywords Identified
- MOODENG
- Moo Deng
- Upbit Korea
- Solana meme coin
- MOODENG price prediction
- meme coin surge
- cryptocurrency exchange listing
- MOODENG technical analysis
These keywords have been naturally integrated throughout the article to enhance search engine visibility while maintaining readability and relevance.
Final Thoughts
The recent surge in MOODENG reflects the enduring power of narrative, community engagement, and strategic exchange listings in driving crypto valuations — especially within the meme coin space. With Upbit Korea now supporting MOODENG trading, the token has gained significant legitimacy and access to one of the world’s most active retail markets.
While technical indicators suggest room for further upside, investors should remain cautious. Meme coins are inherently volatile and often subject to rapid reversals once hype fades.
👉 Stay ahead of the next big meme coin move with real-time market data and analytics.
Whether MOODENG can sustain its momentum or face a correction will depend on continued trading volume, social sentiment, and broader market conditions. For now, all eyes are on whether this hippo-themed sensation can make another run toward its all-time high — or even beyond.