Solana Meme Coin, Inspired by Thailand's Internet Hippo “Moo Deng,” Surpasses $100 Million in Market Capitalization

on September 26th，Moo Deng, a newborn Thai hippopotamus at Bangkok's Khao Kheow Zoo, captured the hearts of many fans online with his adorable antics, leading to the creation of the Solana-based Meme Coin, which has a market capitalization of more than $100 million, according to CoinDesk。

It is also the first Thai-themed token to reach that market cap, even though it is not a Thai project per se, said Udomsak Rakwongwan, a professor at Thailand's Agricultural University and co-founder of decentralized exchange FWX.Finance. The token's fan page said Wednesday that the number of holders had soared to 12,400 separate wallets and that more than $48.5 million had been traded in the past 24 hours. One trader made millions on MOODENG tokens Lookonchain data shows a trader turned $1,331 into $3.4 million in just 15 days by buying MOODENG tokens at an early stage, for a return of 2,554 times.

Moo Deng was born in July and became an internet sensation after her photo went viral earlier this month. She has two siblings, older brother Moo Toon and younger sister Moo Waan.Meme tokens named after them have been issued on Solana and other networks, but have failed to get the attention that Moo Deng has received.Companies such as Dreamworks and UFC are capitalizing on Moo Deng's popularity by creating emoji packs featuring hippos, rather than just the common cat or dog. The Bangkok Zoo is reportedly in the process of applying for the copyright and trademark of the Moo Deng hippo to raise funds. So far, it has not recognized Meme Coin or any of the cryptocurrency-related Moo Deng images.