Dec 4, 05:20 AM

Memecoin Market Surges Post-US Election with Tokens Themed Around Thai Hippo, Squirrel, and Dog

The cryptocurrency market has seen a significant surge in the value of memecoins, with tokens themed around animals like a Thai pygmy hippopotamus, a grey squirrel, and a cartoon dog experiencing notable gains. The token 'moo deng' (MOODENG), inspired by a baby pygmy hippopotamus from Thailand’s Khao Kheow Open Zoo, has risen by 46.9% on Monday. These cryptocurrencies, representing online viral moments, have become part of a multibillion-dollar 'memecoin' boom since early November, particularly following the US presidential election. The market for these tokens has expanded rapidly, with MOODENG, based on Solana, seeing a 67% increase, and another token, CHILLGUY, reaching a market cap of $466 million.

#Thai #Thailand #Khao Kheow Open Zoo #US presidential election #Solana

Written with ChatGPT .