The meme 'Moo Deng' has been officially recognized as the top meme of the year by X, a social media platform. This announcement has sparked a wave of enthusiasm among users, with many celebrating the meme's popularity. Notably, the meme has garnered a significant following, with references to its backing by an entire country and a valuation of $30 billion. The recognition has led to speculation about potential listings on cryptocurrency exchanges, particularly Binance, as supporters express optimism about the future of the associated token. Users have shared their excitement and support for 'Moo Deng,' solidifying its status in the meme culture of 2024.