Moo Deng (MOODENG), a meme coin based on the Solana ecosystem, is taking up the spotlight in the current crypto market rally. The coin has put up an impressive rally surging by over 583% over the last 7 days. This impressive price performance makes the coin the top performer amongst the top 1000 cryptocurrencies. 

Furthermore, MOODENG’s trading has soared past $1 billion over the last 24 hours. The impressive rally has sparked a comeback for investor interest with the data indicating a spike in the search of “MOODENG” on Google over the last week. 

MOODENG Outperforms Other Tokens in Current Rally

MOODENG was launched in September 2024. The meme coin quickly became known for its pygmy hippo theme. After gaining viral online buzz, Moo Deng meme coin climbed to more than $100 million in market capitalization.

Its peak market value was in November 2024, but it soon lost momentum after that. In April 2025, the coin suffered a major drop, with a market capitalization plummeting to $20 million.

However, MOODENG is currently undergoing a major comeback. Coinmarketcap data shows that MOODENG is currently trading at $0.2712; a four-months high. This marks a 583.64% surge over the last week and 105.7% surge over the last 24 hours.  

Furthermore, Coinmarketcap shows that the meme coin is the second trending token on the platform, with Bitcoin (BTC) topping the chart. MOODENG has also shot to the top of Coinmarketcap’s top gainer list over the 24 hours. This surge indicates a significant increase in buyer interest and a rapid acquisition of new tokens.

The data also shows that MOODENG’s market capitalization has climbed to  $268.51 million as at press time. This shows that the token has regrown from its previous loss in market capitalization.

On the other hand, the trading volume has pumped by 378.73% to $1.18 billion in a single day. This indicates strong trading activity by the meme coin’s investors.

Smart Money and Listings Fuel MOODENG Price Growth

Over the past week, Moo Deng has attracted interest amongst “smart money” investors. A report by HolderScan on May 12 reported that 165 new wallets now collectively control 25% of the total token supply. These wallets have accumulated an unrealized profit of $25.3 million as at the time of the report.

165 new wallets have accumulated 25% of the supply of #MOODENG and have a cumulative unrealized PNL $25.3M 👀 pic.twitter.com/ROOSPPxp59

— HolderScan (@HolderScan) May 11, 2025

Additionally, listing on top exchanges has bolstered the price of Moo Deng. Notably, the recent listing of the meme coin on Binance Alpha has greatly enhanced its public visibility. Binance Alpha is known for launching emerging tokens with increasing potential. By listing on Binance Alpha, MOODENG was able to attract a larger number of investors from all over the world. 

MOODENG’s weekly performance has also resulted in a spike in Google searches around the meme coin. Earlier on May 12, the interest score reached to a high of 100 before dropping to around 49 as at press time as per data by Google Trends.

Despite the surge in the price of Moo Deng as well as increased interest from meme coin enthusiasts, it is crucial for investors to remain cautious in their investment. Meme coins are highly volatile meaning sharp price movements can occur in a very short span. Nonetheless, besides the underlying risks MOODENG is positioning itself in the meme coin market. Market participants will continue to keep an eye on the Solana-based meme coin.