A memecoin primarily based on the title and likeness of a child hippopotamus in a Thai zoo is stumbling on the gates following a brand new Coinbase itemizing.
Yesterday, Coinbase introduced the itemizing of Moo Deng (MOODENG), a Solana (SOL)-based memecoin.
“Moo Deng (MOODENG) is now reside on http://coinbase.com & within the Coinbase iOS & Android apps. Coinbase clients can log in to purchase, promote, convert, ship, obtain or retailer these property.”
Moo Deng is the title of a child pygmy hippopotamus born within the Khao Kheow Open Zoo in Si Racha, Chonburi, Thailand, this previous summer time. The hippo has turn into an web sensation, inspiring memes and memecoins alike. Moo Deng means “bouncy pork” in Thai.
Our favourite bouncy pork a.okay.a Moo Deng ??#moodeng @KhaokheowZoo @MooDengSOL pic.twitter.com/5cJl9oJD82
— Moo Deng (@moodengx) December 1, 2024
In November, Moo Deng went viral once more by appropriately “predicting” the result of the 2024 U.S. Presidential Election.
Regardless of Moo Deng’s web fame, MOODENG has faltered within the hours following the Coinbase itemizing. Roughly 24 hours following the memecoin’s addition to Coinbase, MOODENG is down 12.4%. In the meantime, the remainder of the crypto markets are largely surging following Bitcoin’s (BTC) historic breakthrough of $100,000.
In stark distinction with MOODENG’s struggles, one other Solana-based memecoin ripped after Coinbase added help on Wednesday.
Gigachad (GIGA), a crypto asset impressed by the picture shoot of Russian bodybuilder Ernest Khalimov, pumped up 51% after the highest US crypto change listed the memecoin.
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