Key Points:
MOODENG surged 140% ahead of its Binance listing, reflecting strong investor interest.
Binance will launch MOODENG perpetual contract with 75x leverage at 18:00 UTC on October 25, 2024.
MOODENG, a meme coin inspired by a viral pygmy hippo, surged 140% ahead of its Binance listing. Binance will launch a 75x leverage perpetual contract for MOODENG at 18:00 UTC.
MOODENG, the meme coin inspired by a baby pygmy hippo named Moo Deng, has experienced a remarkable price surge ahead of its upcoming listing on Binance.
MOODENG Sees Massive Surge Before Binance Listing
The token briefly broke through the $0.16 USDT barrier, achieving a 24-hour increase of 140%, highlighting growing investor interest. As of now, the price of Moo Deng meme coin stands at $0.1595, reflecting a further increase of 136.21% within the last day.
On October 25, 2024, Binance will launch the USDⓈ-M MOODENGUSDT perpetual contract, allowing traders to engage in crypto-to-crypto trading without converting to fiat currencies.
According to the statement, the contract will go live at 18:00 UTC and offer a maximum leverage of 75x, allowing users to take highly leveraged positions on the price of the Moo Deng meme coin. The perpetual contract will have a capped funding rate of +2.00%/-2.00%, with settlements occurring every four hours.
Read more: ETH to BTC Rate Drops to Lowest Since 2021
The Story Behind the Moo Deng Meme Coin
MOODENG, which is based on the Solana blockchain, was launched in September 2024 and has quickly gained traction in the cryptocurrency market.
The coin draws inspiration from Moo-Deng, a two-month-old pygmy hippo from Thailand’s Khao Kheow Zoo. Moo-Deng’s playful videos captured the attention of internet users and sparked a wave of memes. The total supply is capped at 989.97 million, with no buy-or-sell taxes.
