search
Homeweb3.0Binance Officially Launches Moo Deng (MOODENG), a Solana-Based Meme Coin Inspired by the Famous Hippos from Thailand

As the world's largest crypto exchange, Binance continues to expand its offering of meme coins in the spot market and futures to take advantage of the

Binance Officially Launches Moo Deng (MOODENG), a Solana-Based Meme Coin Inspired by the Famous Hippos from Thailand

World's largest crypto exchange Binance keeps on expanding its offering of meme coins in the spot market and futures to capitalize on the popularity of these tokens for boosting its liquidity. On Friday, October 25, Binance officially announced the launch of Moo Deng (MOODENG), a meme coin on the Solana network that was inspired by the famous Thailand hippos.

This announcement stole the public's attention, as meme coins are known as a high-risk instrument that is usually sought after by young traders.

GOODENG will be available on the Binance Futures platform starting at 17.00 WIB with a leverage of up to 75 times. With this leverage, traders can multiply their potential profits significantly, but the risk of losses will also increase. To stabilize the transactions, Binance will carry out this contract in USDT stablecoins.

Furthermore, Binance set a funding rate limit of 2% for OODENG, in an effort to maintain the position costs. This funding rate will be updated every four hours, providing investors with up-to-date information for formulating trading strategies.

SEE ALSO:

Following Binance's announcement, the price of OODENG skyrocketed dramatically, recording an increase of 128.4% in 24 hours. Data from CoinGecko noted that the price of this token is now trading at around US$0.15 (Rp2,325), up from US$0.066 (Rp1,023) the day before.

This price spike phenomenon shows the high interest of investors in new meme coins that have the potential to generate massive profits in a short time. In fact, last month, a trader reportedly managed to turn an investment capital of US$800 (Rp 12.4 million) into US$7.5 million (Rp 116.2 billion) in four hours thanks to OODENG. An analysis by Arkham Intelligence reveals that the trader began by purchasing a number of Solana (SOL) before swapping it with MOODENG.

The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language.

The above is the detailed content of Binance Officially Launches Moo Deng (MOODENG), a Solana-Based Meme Coin Inspired by the Famous Hippos from Thailand. 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
Binance Futures to Introduce USDⓈ-Margined SYN Perpetual Contract with 50x LeverageBinance Futures to Introduce USDⓈ-Margined SYN Perpetual Contract with 50x LeverageAug 17, 2024 pm 03:32 PM

Binance Futures will launch the SYNUSDT Perpetual Contract on August 16, 2024, offering up to 50x leverage to enhance trading options.

Ponke (PONK) USDT Perpetual Contract With Up to 75x Leverage Ready to Roll on Binance FuturesPonke (PONK) USDT Perpetual Contract With Up to 75x Leverage Ready to Roll on Binance FuturesNov 08, 2024 pm 03:56 PM

Binance Futures is all set to launch the PONKE USDT perpetual contract with a maximum leverage of 75X.

Binance Futures Announces 30,000 USDC Prize Pool in New PromotionsBinance Futures Announces 30,000 USDC Prize Pool in New PromotionsAug 17, 2024 am 03:29 AM

Binance Futures introduces three promotions with a 30,000 USDC prize pool, offering loss protection for new traders and rewards for trading volume.

Brett Coin Price Skyrockets on Binance Futures Listing, Could PlayDoge Secure A Binance Listing Next?Brett Coin Price Skyrockets on Binance Futures Listing, Could PlayDoge Secure A Binance Listing Next?Aug 21, 2024 am 06:47 AM

Meme tokens will continue to attract the attention of top-tier exchanges as the crypto market stands on the cusp of a major bull run.

Dogecoin (DOGE) Value Set to Surge Amid Whale Activity; MOODENG Token Price Soars; BlockDAG (BDAG) Tech Paves The Way for Exchange ListingsDogecoin (DOGE) Value Set to Surge Amid Whale Activity; MOODENG Token Price Soars; BlockDAG (BDAG) Tech Paves The Way for Exchange ListingsOct 16, 2024 am 09:10 AM

Popular names like Dogecoin and MOODENG are making a lot of noise in the top meme coin space. The Dogecoin value is set to rise as whale activity and social

Meme Coins Dominate Crypto Trading Following Donald Trump's Victory in the U.S. Presidential Election for a Second TermMeme Coins Dominate Crypto Trading Following Donald Trump's Victory in the U.S. Presidential Election for a Second TermNov 08, 2024 am 06:54 AM

Maneki, Moo Deng, and Sundog have surged between 40% and 55% over the past 24 hours as meme coins dominate crypto trading following Donald Trump's victory in the U.S. presidential election for a second term.

From Hippos to DOGEN: As Moo Deng ($MOODENG) Rises 1000% in a Week, Can DOGEN Be the Next Meme Coin to Dominate?From Hippos to DOGEN: As Moo Deng ($MOODENG) Rises 1000% in a Week, Can DOGEN Be the Next Meme Coin to Dominate?Oct 09, 2024 am 04:24 AM

The meme coin market has seen explosive growth in recent months, and Moo Deng ($MOODENG) is emerging as one of the most exciting newcomers.

Binance Officially Launches Moo Deng (MOODENG), a Solana-Based Meme Coin Inspired by the Famous Hippos from ThailandBinance Officially Launches Moo Deng (MOODENG), a Solana-Based Meme Coin Inspired by the Famous Hippos from ThailandNov 02, 2024 pm 04:26 PM

As the world's largest crypto exchange, Binance continues to expand its offering of meme coins in the spot market and futures to take advantage of the

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
2 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
Repo: How To Revive Teammates
1 months agoBy尊渡假赌尊渡假赌尊渡假赌
Hello Kitty Island Adventure: How To Get Giant Seeds
1 months agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

PhpStorm Mac version

PhpStorm Mac version

The latest (2018.2.1) professional PHP integrated development tool

Atom editor mac version download

Atom editor mac version download

The most popular open source editor

SublimeText3 Linux new version

SublimeText3 Linux new version

SublimeText3 Linux latest version

ZendStudio 13.5.1 Mac

ZendStudio 13.5.1 Mac

Powerful PHP integrated development environment

mPDF

mPDF

mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),