Crypto memecoins have been decorated with dogs, cats and frogs, but we haven’t had a baby hippo until now.

The latest animal-themed memecoin to sweep crypto is MOODENG. The coin was inspired by viral internet sensation Moo Deng — whose name translates to “bouncy pig” — a two-month-old pygmy hippopotamus in Thailand’s Khao Kheow Open Zoo. 

MOODENG marks the first memecoin token to hit a $200 million market cap in recent months. 

The token was launched on Solana with the pump.fun memecoin maker, and is currently valued at a $255 million market cap with about $64 million in trading volumes in the last 24 hours. It’s now the 22nd largest memecoin by market capitalization.

The memecoin has already inspired accompanying memecoins for Moo Deng’s mother, Jonah, and her siblings Moo Toon and Moo Waan. Moo Deng also has an unofficial Twitter fan page with almost 50,000 followers, and has gained token listings on several CEXs including MEXC and HTX.

According to Arkham Intelligence, an $800 purchase of MOODENG by one trader four hours after the token launch has grown into $3.5 million within 15 days.

Source: Donovan Choy – blockworks.co