MOODENG Rallies Over 130%: Solana Meme Coin Captivates Markets

A Brief History of MOODENG’s Price Journey

MOODENG, launched in late 2024, emerged as a cultural phenomenon tied to a baby hippo named Moo Deng from Thailand’s Khao Kheow Open Zoo. Its early days were marked by explosive growth, peaking at $0.70 in November 2024 with a market cap nearing $600 million.

However, like many meme coins, it faced a sharp correction, plummeting 97% to a low of $0.038 by April 2025. This decline reflected broader market turbulence, including a crypto downturn influenced by macroeconomic factors like U.S. tariff announcements under President Trump.

Since April, MOODENG has shown resilience. A breakout above $0.06 on April 30, 2025, marked the start of a parabolic rally, with the coin climbing to $0.29 by mid-May. The latest 130% surge on May 9, pushing the price to $0.2809, underscores a renewed wave of investor enthusiasm.

Over the past 30 days, MOODENG has gained 900%, outpacing most altcoins and cementing its status as a top performer in Solana’s meme coin ecosystem.

The recent 130% rally can be attributed to several key factors:

• First, its inclusion in Binance’s Alpha Projects program on May 11, 2025, significantly boosted visibility.

The announcement triggered a 60% price jump within hours and has sustained momentum as traders anticipate a potential spot market listing. Binance’s endorsement lends credibility to MOODENG, distinguishing it from the thousands of meme coins vying for attention.

• Second, market dynamics are playing a pivotal role.

Open interest (OI) in MOODENG futures soared from $18 million to $342 million in a week, signaling heavy speculative capital inflow. This is complemented by a 1,700% spike in 24-hour trading volume, reflecting robust retail and institutional interest.

On-chain data from Holderscan reveals that 30% of MOODENG holders now own less than $10 worth, up from 17% ten days ago, indicating a growing retail base.

• Third, broader market sentiment is supportive.

Bitcoin’s rally past $103,000 has spurred risk appetite, with altcoins and meme coins like MOODENG benefiting from capital rotation. Solana’s meme coin sector, valued at $12.6 billion, saw a 33.7% market cap increase in a single day, as observed by Bitedge’s analysts.

MOODENG’s cultural appeal, amplified by social media buzz on platforms like X, further drives its momentum, with posts calling it a “100x play” gaining traction.

Technical Outlook and Market Risks

From a technical perspective, MOODENG exhibits classic breakout behavior. It breached a key resistance at $0.22 and now targets $0.35. The 4-hour USDT chart shows a bull flag breakout, suggesting continued upside.

However, the Relative Strength Index (RSI) at 88 signals overbought conditions, raising the risk of a pullback to $0.075–$0.060. A breach of $0.355 could propel MOODENG toward its all-time high of $0.70, but failure to hold support may trigger profit-taking.

Future Outlook:

MOODENG’s trajectory depends on sustained momentum and broader market conditions. Meme coins are inherently volatile, driven by hype and sentiment rather than utility. Cooling speculative fervor or a broader market correction could stall the rally.

For investors, MOODENG represents both opportunity and risk. Its community-driven appeal and Solana’s fast, low-cost blockchain make it a compelling bet in the meme coin space.

Yet, caution is warranted given its history of sharp declines. As Solana’s ecosystem grows and meme coins continue to defy expectations, MOODENG’s story is far from over. Whether it reaches new highs or faces a correction, its 130% rally has already made it a standout in 2025’s crypto landscape.