Memecoin Moo Deng [MOODENG] Plunged 60% in Eight Trading Days-web3.0-php.cn

Home

web3.0

Memecoin Moo Deng [MOODENG] Plunged 60% in Eight Trading Days

Patricia Arquette

Oct 08, 2024 am 09:02 AM

Sell-OffMoo Deng Coin

Memecoins maintained their dominance in Q4 2024 and led the recent market rebound. However, Moo Deng [MOODENG], one of the top weekly performers

Memecoin Moo Deng [MOODENG] Plunged 60% in Eight Trading Days

Memecoins continued to lead the market recovery in Q4 2024, but one of the top weekly performers in late September, Moo Deng [MOODENG], plunged 60% over the past eight trading days.

After surging to a peak of 400% and reaching a market cap of $338 million, the Solana-based memecoin had a rough start to October. Its market cap was now down to $110 million, and the market sentiment quickly shifted to negative.

Buterin’s sell-off affected Moo Deng coin?

Market commentators pointed to Ethereum [ETH] founder Vitalik Buterin’s recent sell-off as a possible catalyst behind the Moo Deng plunge. On 5 October, Buterin sold over $340K in memecoins, including Moo Deng.

The founder sold an additional 11.76B MOODENG on 7 October, valued at $51K, which could further impact its market sentiment. However, Buterin still held over $8 million in MOODENG.

Some observers noted that MOODENG could follow a similar trend to NEIRO. In early August, Buterin also sold NEIRO, reportedly for charity purposes. The sell-off caused NEIRO to plunge drastically, but it pumped harder afterward.

It remained to be seen if MOODENG would follow the NEIRO trend, however, the sentiment was worryingly negative at press time. This indicated that the majority of speculators were still bearish on the memecoin.

At the time of writing, MOODENG was valued at $0.11, down nearly 20% in 24 hours. Interestingly, some traders were still bullish on the memecoin, hoping that it may see a rebound.

The speculator noted that the extreme market fear around the memecoin could present optimal entry opportunities, especially as Moo Deng coin approached crucial Fib retracement levels.

The above is the detailed content of Memecoin Moo Deng [MOODENG] Plunged 60% in Eight Trading Days. For more information, please follow other related articles on the PHP Chinese website!

Statement

The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

How to make money in the currency circle? How to make money in the currency circle?May 16, 2025 am 08:33 AM

Making money in the currency circle has become a hot topic that many people pay attention to. Especially how ordinary people make money in the currency circle is a strategy that many people want to know. This article will introduce in detail various methods of making money in the currency circle and provide practical operating guides for ordinary people.

Official download address of the European Exchange app ouyi official APP download link of the European Exchange appMay 16, 2025 am 08:30 AM

Ouyi is a world-renowned digital asset trading platform that provides trading services for a variety of digital currencies. In order to facilitate users to trade anytime, anywhere, the European Exchange has launched an official APP. Through the official download link provided in this article, users can quickly and safely download and install the European Exchange APP. This article will introduce in detail how to use the download link provided in this article to download and install the European Exchange APP to ensure that users can successfully experience the various functions and services of the European Exchange.

Top 10 Global Currency Trading Platforms Recommended Top 10 Virtual Currency Exchange Platforms List 2025May 16, 2025 am 08:27 AM

Recommended top ten virtual currency trading platforms in the world in 2025: 1. OKX, 2. Binance, 3. Huobi, 4. Coinbase, 5. Kraken, 6. Bitfinex, 7. Bitstamp, 8. Gemini, 9. KuCoin, 10. Bybit, these platforms have performed outstandingly in transaction volume, number of users, security and service quality.

Virtual currency formal trading platform app Ouyi ouyi installation and registration tutorialMay 16, 2025 am 08:24 AM

Ouyi is an application focusing on virtual currency trading, providing a variety of digital assets buying and selling services. As a formal trading platform, Ouyi is committed to providing users with a safe and convenient trading environment. Users can trade various mainstream virtual currencies such as Bitcoin and Ethereum through Ouyi. This article will introduce in detail how to install and register the Ouyi trading platform app on your mobile device.

Bitcoin (BTC) is at a critical moment againMay 16, 2025 am 08:21 AM

As the top cryptocurrencies hover around $110,000, market participants have divided their opinions: Is this the beginning of a Bitcoin breakthrough, or is it a potential bearish warning sign? Bitcoin (BTC) is once again at a crossroads, with top cryptocurrencies testing around $110,000. Although institutional participants dominate the recent trend of Bitcoin, retail interest remains eye-catching. Technical indicators show that Bitcoin is in a range-to-range fluctuation, and bullish sentiment from long-term holders is intertwined with short-term bearish pressure. Here is a detailed analysis of Bitcoin’s current situation – what might happen next. Is Bitcoin about to break through? The $110,000 test is imminent. Experts believe that the $110,000 resistance is the next important challenge for Bitcoin. success

What happens if Bitcoin is sold in large quantities? Is it illegal?May 16, 2025 am 08:18 AM

Bitcoin has become the first choice for many people to invest with its high value. Most investors mainly make profits by buying low and selling high, but the fluctuations in the Bitcoin market have had a certain impact on the entire market. Therefore, when investors sell Bitcoin at a high price, some investors are curious about what will happen if Bitcoin is sold in large quantities in the market? According to data analysis, if a large-scale selling of Bitcoin occurs, it will trigger a sharp decline in price and an increase in volatility in the short term, and may aggravate the market liquidity tension and slippage risks. The following editor will analyze it in detail for you. What happens if Bitcoin is sold in large quantities? The large-scale selling of Bitcoin may cause price fluctuations and may exacerbate market liquidity tensions and

Download and install the latest official version of the European Exchange app (with tutorials)May 16, 2025 am 08:15 AM

The European Exchange app is one of the highly-watched financial trading platforms in the market, providing rich trading products and convenient operation interfaces. Whether you are a professional investor or a newbie entering the market, the Euro Exchange app can meet your needs. This article will introduce in detail how to download and install the latest official version of the European Exchange app, and comes with a simple tutorial to help you get started quickly.

Top 10 digital currency trading app download recommendations Recommended by the top ten digital currency apps in the worldMay 16, 2025 am 08:12 AM

In today's digital age, digital currency trading has become an important choice for many investors. In order to help you better choose a trading platform that suits you, we have compiled a list of the top ten digital currency trading apps in the world. These apps not only perform well in user experience, security and functionality, but also have a wide user base worldwide.