Key Takeaways:
Moo Deng surged 645% in two weeks following its Binance Alpha listing, drawing in new holders ahead of the announcement. While some traders predict a move back to $0.60, others see Moo Deng falling toward $0.10 as market momentum cools. Meme coin volumes have jumped to $141.5 million, with Moo Deng, Bonk, and others fueling a short-term wave of renewed risk appetite.Moo Deng (MOODENG) has surged by more than 600% since the beginning of May, briefly touching $0.32 before pulling back.
From May 1 to May 14, the price of Moo Deng jumped by 645.3%, climbing from $0.042 to $0.31. The token peaked on May 13 at $0.32, though it still trades nearly 53% below its all-time high of $0.68, reached on Nov. 15, 2024.
Source: CoinGeckoThe broader meme coin market has also picked up. Over the past two weeks, tokens like dogwifhat (WIF), Floki (FLOKI), and Pudgy Penguin (PENGU) have made a return. Bonk (BONK) is also back in the spotlight, partly due to renewed interest in its launchpad. Some are already drawing comparisons between Bonk’s ecosystem and Pump.fun’s rapid rise.
Moo Deng Price Prediction: Is the Hype Over?
A surge in meme coin activity often signals that traders are moving into riskier assets, away from Bitcoin (BTC) and large-cap altcoins. That shift is usually tied to broader market optimism. One such trigger came recently, when the United States and China agreed to a temporary three-month trade truce. Under the deal, Trump tariffs would be reduced from 145% to 30% in the US and from 125% to 10% in China.
In the case of Moo Deng, a key driver of its recent rally was the listing announcement from Binance Alpha. On May 11, the platform confirmed it would list MOODENG alongside Goatseus Maximus (GOAT), a meme coin with ties to AI narratives.
The news helped push the price sharply higher and attracted fresh interest. According to HolderScan, 165 new wallets purchased about 25% of the total MOODENG supply in just a few days. Many of them began accumulating tokens before the Binance listing was made public, and most appear to have profited from the move.
Since then, Moo Deng’s price has pulled back to around $0.20, raising the question of what comes next.
Some traders expect further downside. One widely shared prediction points to a decline toward $0.118, aligning with broader market weakness after a week of gains.
Others are more optimistic. Some believe Moo Deng could reclaim its previous all-time high near $0.60.
In the short term, however, several market watchers expect the price to drift closer to the $0.10 mark.
Does the Recent Rise Mean Meme Coins Are Back?
Since early last week, parts of the meme coin market have started to move again, sparking a new wave of token launches. That momentum has brought renewed attention — and risk. As usual during these spikes, the number of scams may also increase, so caution is advised.
The broader crypto market is currently going through a correction. Still, Bitcoin continues to hold above the $100,000 level, reinforcing its dominance.
According to Dune, meme coins currently lead all categories in trading volume, hitting $141.5 million. Tokens from the DeFi 1.0 sector follow with $109.5 million.
Source: DunePart of this activity is tied to the rise of a new narrative around the “Internet Capital Markets” (ICM) meme coins. These tokens are often announced publicly before the underlying projects launch. In theory, this approach helps attract capital early and speeds up development.
One example is Launch Coin on Believe (LAUNCHCOIN). According to GeckoTerminal, it recently ranked fifth in trading volume among all decentralized finance (DeFi), just behind Official Trump (TRUMP).
The recent rebound in meme coin activity, led by tokens like Moo Deng, suggests that market appetite for risk remains strong, at least in the short term. While some traders are positioning for further upside, others remain cautious, pointing to the broader market correction and the speculative nature of many of these assets.
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