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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.
Cryptocurrencies referring to the euthanised squirrel, Thai dwarf hippo and dog (doge) have risen sharply in value since the US presidential election. Memecoins on the rise. Did you invest in MOODENG (based on Solana, up 67%) or CHILLGUY ($466m)? Do you need security/privacy or… https://t.co/MnL7BuvQNR
Cryptocurrencies representing a euthanised grey squirrel, a Thai pygmy hippopotamus and a cartoon dog have exploded in value since the US election. https://t.co/teg5wTKyd6 https://t.co/cAaL47ufyc
Squirrels, dogs and pygmy hippos: crypto’s multibillion-dollar ‘memecoin’ boom: “The market for tokens representing online viral moments has expanded rapidly since early November” https://t.co/yA595mbP5b
