Dogecoin

Memecoin

when

Frenzy

<ul class="wp-block-list">
 <li><strong>Moo Deng’s price volatility highlights liquidity challenges in meme coin markets.</strong></li>
 <li><strong>Major holders face risks when selling large amounts, impacting market stability.</strong></li>
</ul>
<p>Moo Deng (MOODENG), a meme coin inspired by Thailand’s pygmy hippo star, has seen a dramatic rise and fall in recent days, stirring excitement and concern in the crypto market. After reaching a peak market cap of $322.7 million on September 28, the token has <a href="https://thenewscrypto.com/xrp-holds-above-0-60-zone-as-sec-appeal-deadline-draws-near/" target="_blank" rel="noopener noreferrer nofollow">plummeted</a> 50% in just three days, with its price dropping to $0.18.&nbsp;</p>
<p>Amid this, news about an early investor in the coin has gained wide attention. Identified as ‘Trader Db3P,’ the investor turned an $800 purchase into $10 million at its peak. Despite the sharp decline, this whale continues to hold $5 million worth of the token, even as its value drops by roughly $1 million daily. The trader’s large holdings highlight a common issue in the memecoin space: liquidity. With Moo Deng’s market cap now at $176.1 million, there is concern that any large-scale sell-off by major holders could trigger further value declines.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc9xc_cDRiHmmt8i2yuUDku6R2yQp85JUz81P_2pcoDLTy-GXr4Yg7s8ZRmuth7WAYa_BePQuYMSi7mcwLXFFkdsQF9YzTDRTajeVDoSktzBrdB96BqA-tj6_a1-IovgHelo30Ovi540YY0Zr9NUdMXhWs9?key=W2L0kujG8knW5KSs614YAw" alt="">
  <figcaption class="wp-element-caption">
   MOODENG Price Chart, Source: Coingecko
  </figcaption>
 </figure>
</div>
<h3 class="wp-block-heading" id="h-speculative-short-term-trend">Speculative Short-Term Trend?</h3>
<p>Memecoins like Moo Deng are notorious for their volatility, often propelled by speculative trading. The launch of Moo Deng on Solana-based platform Pump.fun coincided with a viral internet sensation—millions of views on the baby hippo that inspired the token. By mid-September, Moo Deng’s value surged 597% in one week, leading the memecoin category. However, the token’s rapid ascent mirrors earlier meme coins, such as <a href="https://coinmarketcap.com/currencies/dogecoin/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin</a> and Shiba Inu, which faced similar market volatility.</p>
<p>Despite recent losses, Moo Deng remains a significant player in the memecoin sector, currently <a href="https://www.coingecko.com/en/coins/moo-deng" target="_blank" rel="noopener noreferrer nofollow">trading</a> at $0.2371, with a 6% recovery over the past 24 hours. As traders continue to engage, the coin’s trading volume hovers at $190 million, reflecting sustained interest despite its inherent risks. This latest <a href="https://thenewscrypto.com/why-is-popcat-the-most-talked-about-memecoin-today/" target="_blank" rel="noopener noreferrer nofollow">memecoin</a> craze underscores both the allure and unpredictability of speculative assets in the crypto world.</p>
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Is Moo Deng Memecoin Frenzy a Cautionary Tale for Traders?

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